Caterpillar Sales Flat in 1Q - Modern Distribution Management

Caterpillar Sales Flat in 1Q

Construction industries sales grew 20 percent in first quarter.

Caterpillar Inc. (NYSE: CAT), Peoria, IL, reported sales for the first quarter of $13.2 billion, a slight increase year-over-year. Profit for the quarter increased 4.8 percent to $922 million.

“Given the business and economic uncertainties around the world and continuing decline in our mining sales, I am pleased with our performance in the first quarter," CEO Doug Oberhelman said. "Both energy & transportation and construction industries had good results in the first quarter and performed at levels better than we anticipated."

Construction industries sales were up 20 percent year-over-year, while energy & transportation sales were up 8 percent. Resource industries sales were down 37 percent, with all other segments sales up 7 percent.

Overall, machinery, equipment and transportation sales for the quarter were $12.5 billion, effectively unchanged year-over-year. Financial products sales were up 3 percent to $748 million.

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!