Caterpillar Machine Sales Plunge Most In Three Years As Pandemic Paralyzes Heavy Industries [zero hedge]
Caterpillar, Inc. (CAT)
Last caterpillar, inc. earnings: 4/28 06:30 am
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Source: zero hedge
Caterpillar Machine Sales Plunge Most In Three Years As Pandemic Paralyzes Heavy Industries Just in case the world needed yet another confirmation the world's manufacturing industries, primarily construction and mining, are grinding to a halt, it got one late on Thursday when Caterpillar reported that in February its global machine sales suffered their biggest drop since December 2016. The report, which covers the first full month when the coronavirus pandemic paralyzed China's economy and was rapidly spreading across the rest of the world "underlines how the coronavirus outbreak is putting a drag on the industries that Caterpillar supplies" according to Bloomberg. While the North American region posted another double digit drop, declining from -11% in January to -12% in February, it was Asia that was hit the hardest, tumbling from a modest, -2% drop in January to a whopping -17% in February, the biggest decline in four years. As Bloomberg further notes, the downbeat mood in the heavy
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News
- Power Rental Market Projected to Surge: Expected Growth from USD 11.69 Billion in 2023 to USD 22.04 Billion by 2031 - Market Research Intellect [Yahoo! Finance]Yahoo! Finance
- Caterpillar Raises Record $15.2 Million in United Way Campaign [Yahoo! Finance]Yahoo! Finance
- Caterpillar Raises Record $15.2 Million in United Way CampaignPR Newswire
- Institutional investors may overlook Caterpillar Inc.'s (NYSE:CAT) recent US$6.0b market cap drop as long-term gains remain positive [Yahoo! Finance]Yahoo! Finance
- The Fleet Management Market in Europe is set to grow by USD 22.3 billion from 2024-2028, driven by data efficiency. Report on how AI is redefining the landscape - Technavio [Yahoo! Finance]Yahoo! Finance
CAT
Earnings
- 10/30/24 - Miss
CAT
Sec Filings
- 11/18/24 - Form 4
- 11/13/24 - Form SC
- 11/8/24 - Form 4
- CAT's page on the SEC website