Caterpillar Sees Housing Boom Leading 2021 Sales Recovery
Caterpillar Inc. fourth-quarter earnings beat analysts’ expectations as reopening economies stoked demand for its signature yellow machines. The company said it expects stronger year-over-year sales this quarter, led by construction industries.
Caterpillar Sales Drop Highlights Worry of ‘Catatonic’ Recovery
Caterpillar Inc.’s machinery sales dropped by the most in 10 years last month in a sign of a deepening slump in its Americas businesses, where the company has extended plant shutdowns.
Caterpillar Sees Virus Pain Intensifying After Profit Trails
The world’s biggest maker of mining and construction equipment is predicting that the pain from the coronavirus crisis is far from over.
Caterpillar Posts Worst Machine Sales Since 2016
In a further indication of the stress rippling through the construction and mining sectors, Caterpillar Inc. reported its biggest decline in global machine sales since the end of 2016.
Caterpillar’s 2020 Outlook Adds More Gloom to Markets
Caterpillar Inc., a worldwide barometer for manufacturing, is warning of more pain to come for the global economy in 2020.
Caterpillar Rises as Company Cutting Production to Match Demand
Caterpillar Inc. shares rebounded as investors welcomed the move by the company to cut production, helping it navigate the global economic downturn.
Caterpillar Tops Estimates, but Investors See ‘Cracks’ in Other Businesses
Impressive results in Caterpillar Inc.’s mining business weren’t enough to assuage investor concerns about the outlook for its other businesses for the rest of the year.
Caterpillar 4Q Profits Tumble; Trade With China Cited
Caterpillar Inc. posted the biggest quarterly profit miss in a decade as a China slowdown hit demand for its signature yellow construction and mining equipment.
Caterpillar Sales Boom Can’t Save It From Trade-War Carnage
The world on the cusp of a trade war has spooked investors, and few companies are feeling the fright more than Caterpillar Inc.
Caterpillar Gives Vote of Confidence to Global Economy
Caterpillar Inc. raised its earnings forecast in a sign that industries from mining to energy are gaining momentum amid a stronger global economy — assuming no trade wars.