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CAT Caterpillar Inc

332.07
-2.50 (-0.75%)
Last Updated: 16:36:27
Delayed by 15 minutes
Share Name Share Symbol Market Type
Caterpillar Inc NYSE:CAT NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -2.50 -0.75% 332.07 336.75 330.84 333.38 1,036,520 16:36:27

Caterpillar Says Dealer Sales Fell 8% in Latest 3 Months

20/03/2014 5:50pm

Dow Jones News


Caterpillar (NYSE:CAT)
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By James R. Hagerty 

Caterpillar Inc., still struggling with a plunge in demand for mining equipment, reported that world-wide sales of machinery by its dealers in the three months ended Feb. 28 fell 8% from a year earlier.

That equaled the decline recorded for the three months ended Jan. 31.

Sales of "resource industries" machinery, mainly used for mining, were down 37% in the latest three months. Mining companies have slashed their equipment budgets over the past two years in response to weaker commodity prices. Sales of construction equipment were up 9%, however.

Caterpillar said sales of energy-and-transportation equipment--which includes a wide variety of engines used in energy production and power generation, along with marine and train engines--rose 2% from a year earlier.

Write to James R. Hagerty at bob.hagerty@wsj.com

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