Caterpillar Posts Worst Machine Sales Since 2016 [Yahoo! Finance News]
Caterpillar, Inc. (CAT)
Last caterpillar, inc. earnings: 4/28 06:30 am
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Source: Yahoo! Finance News
) -- In a further indication of the stress rippling across the construction and mining sectors, Caterpillar Inc. reported its biggest decline in global machine sales since the end of 2016. The report underlines how the coronavirus outbreak is putting a drag on the industries that Caterpillar supplies. Fears about the virus’s impact on global growth have helped send shares of the economic bellwether down about 39% this year, off to its worst start since 2009. The downbeat mood in the industry permeated ConExpo, the largest construction convention in North America. In remarks at the Las Vegas gathering this week, Caterpillar Chief Executive Officer Jim Umpleby said the coronavirus hasn’t yet caused major supply snags, and the company was focusing on executing the plan set in place when he first took over as CEO. But Umpleby didn’t offer much detail on how the worldwide move to stamp out the virus will change prospects for the business. “Our guidance was based on the best information tha
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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