Caterpillar Defies Slowdown Fears as Profit Tops Estimates
Caterpillar shook off concerns of a global slowdown in economic activity, posting profit that exceeded Wall Street’s expectations amid demand for the company’s iconic yellow machinery.
Caterpillar Leaves Illinois to Move to Texas
Caterpillar Inc., the producer of iconic yellow construction and mining equipment, is moving its headquarters to the Dallas-Fort Worth area, effectively ending its century-long history calling the state of Illinois home.
Caterpillar Pushes Through Supply Constraints in Strong Q4
Caterpillar’s sales surged in the final quarter of the year despite ongoing disruptions in the global supply chain that have hit almost every sector of the economy.
Worker Shortage Adds to Supply Chain Snags, Caterpillar CEO Says
Caterpillar Inc. is having a tough time getting the materials it needs from suppliers facing a labor crunch, adding another hurdle for the machinery maker already has said a global chip shortfall may keep it from fully meeting demand this year.
Caterpillar 2Q Revenue Up on Higher Equipment Demand
Rising demand for machinery fueled sales at Caterpillar during the second quarter as the rollout of vaccines helped to revive construction projects.
Caterpillar Says Chip Shortage May Hurt Equipment Deliveries
Caterpillar Inc. is warning of potential impacts ahead due to a global chip shortage, putting a damper on better-than-expected earnings for the world’s biggest maker of mining and construction equipment.
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.