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Tag: Cat Q2
Dealers
Cat sales, revenues down 31% in Q2
Caterpillar has reported second-quarter 2020 sales and revenues of $10.0 billion, a 31 percent decrease compared with $14.4 billion in the second quarter of 2019. The company says the decline was due to lower sales volume driven by lower end-user demand and the impact from changes in dealer inventories. Dealers decreased machine and engine inventories […]
August 3, 2020
Dealers
Caterpillar Q2 sales up 9.5%, profit jumps 45%
Caterpillar’s second quarter 2017 sales and revenues increased by 9.5 percent compared to 2016, reaching $11.3 billion. In response the company released an improved outlook for the remainder of the year. “Our team delivered an impressive quarter. As demand increased, we continued to control costs and generated higher profit margins,” says CEO Jim Umpleby regarding […]
July 25, 2017
Dealers
Caterpillar profit drops 41% in Q2 as oil, gas, mining continue to hurt sales
Reporting a second quarter that saw sales fall 16 percent, Caterpillar has again cut its outlook for 2016. Facing continued downturns in the oil, gas and mining industries coupled with sluggish economic conditions in developing countries, sales and revenues fell to $12.3 billion while operating profit dropped 41 percent to $785 million. Cat chairman and CEO […]
July 27, 2016
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