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
- Caterpillar Inc. (NYSE:CAT) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Caterpillar Inc. (NYSE: CAT) had its price target raised by analysts at HSBC Holdings plc from $330.00 to $360.00. They now have a "hold" rating on the stock.MarketBeat
- Caterpillar Announces Voluntary Delisting from Euronext Paris [Yahoo! Finance]Yahoo! Finance
- Caterpillar Announces Voluntary Delisting from Euronext ParisPR Newswire
- Cat Financial reports promising Q1 2024 results despite challenges for Caterpillar Inc [Yahoo! Finance]Yahoo! Finance
CAT
Earnings
- 4/25/24 - Beat
CAT
Sec Filings
- 4/30/24 - Form 4
- 4/30/24 - Form 144
- 4/29/24 - Form 4
- CAT's page on the SEC website