CATERPILLAR INC. (NYSE:CAT) Files An 8-K Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.
supplemental information concerning (i) retail sales of machines
to end users and (ii) retail sales of power systems (including
reciprocating and turbine engines and locomotives) to end users
and Original Equipment Manufacturers (OEMs). Caterpillar sells
the majority of its machinery and power systems to independently
owned and operated dealers and OEMs to meet the demands of their
customers, the end users. Caterpillar believes that this
supplemental information may help readers better understand
Caterpillars business and the industries it serves, particularly
in light of the time delay between Caterpillars sales to dealers
and dealers sales to end users.
for retail sales of machines in each of our Resource Industries
and Construction Industries reportable segments, as well as
information regarding total retail sales of our machines
globally. For our Energy Transportation reportable segment, we
are providing retail sales information by major end use.
unaudited reports that are voluntarily provided to Caterpillar by
its independent dealers and which are not subject to Caterpillars
internal controls over financial reporting. Accordingly, the data
collected from such third parties may not be accurate and/or
complete. As such, the information presented in this report is
intended solely to convey an approximate indication of the
trends, direction and magnitude of retail sales and is not
intended to be an estimate, approximation or prediction of, or
substitute for, Caterpillars audited financial statements filed
with the U.S. Securities and Exchange Commission. This
information is furnished under this report with the U.S.
Securities and Exchange Commission. Caterpillar does not
undertake to update or adjust prior period information.
rolling period ended as of the month indicated compared with the
same period of the prior year:
Total Machines
|
November 2016
|
October 2016
|
September 2016
|
Asia/Pacific
|
UP 11%
|
UP 12%
|
UP 3%
|
EAME
|
DOWN 25%
|
DOWN 14%
|
DOWN 17%
|
Latin America
|
DOWN 32%
|
DOWN 24%
|
DOWN 23%
|
North America
|
DOWN 19%
|
DOWN 16%
|
DOWN 23%
|
World
|
DOWN 17%
|
DOWN 12%
|
DOWN 18%
|
Resources Industries
|
November 2016
|
October 2016
|
September 2016
|
Asia/Pacific
|
UP 7%
|
UP 8%
|
DOWN 20%
|
EAME
|
DOWN 30%
|
DOWN 34%
|
DOWN 47%
|
Latin America
|
DOWN 37%
|
DOWN 20%
|
DOWN 25%
|
North America
|
DOWN 28%
|
DOWN 31%
|
DOWN 42%
|
World
|
DOWN 24%
|
DOWN 24%
|
DOWN 37%
|
Construction Industries
|
November 2016
|
October 2016
|
September 2016
|
Asia/Pacific
|
UP 11%
|
UP 13%
|
UP 14%
|
EAME
|
DOWN 24%
|
DOWN 7%
|
DOWN 4%
|
Latin America
|
DOWN 30%
|
DOWN 26%
|
DOWN 22%
|
North America
|
DOWN 17%
|
DOWN 12%
|
DOWN 17%
|
World
|
DOWN 15%
|
DOWN 8%
|
DOWN 10%
|
primarily by dealers.
rolling period ended as of the month indicated compared with the
same period of the prior year:
November 2016
|
October 2016
|
September 2016
|
|
Power Gen
|
DOWN 31%
|
DOWN 33%
|
DOWN 26%
|
Industrial
|
DOWN 24%
|
DOWN 29%
|
DOWN 28%
|
Transportation
|
DOWN 32%
|
DOWN 32%
|
DOWN 44%
|
Oil Gas
|
DOWN 17%
|
DOWN 21%
|
DOWN 15%
|
Total
|
DOWN 25%
|
DOWN 28%
|
DOWN 25%
|
Reported in constant dollars based on reporting from
dealers and direct sales.
segment is primarily responsible for supporting customers in
infrastructure and building construction applications. The
majority of sales in this segment are made in the heavy
construction, general construction, rental, mining and quarry and
aggregates markets. The Construction Industries product portfolio
primarily includes the following machines:
backhoe loaders
|
compact wheel loaders
|
small track-type tractors
|
small wheel loaders
|
track-type loaders
|
medium track-type tractors
|
skid steer loaders
|
mini excavators
|
select work tools
|
multi-terrain loaders
|
small, medium and large track excavators
|
motor graders
|
medium wheel loaders
|
wheel excavators
|
pipelayers
|
telehandlers
|
mid-tier soil compactors
|
compact track loaders
|
forestry
|
paving
|
and Middle East
is primarily responsible for supporting customers using
reciprocating engines, turbines, diesel-electric locomotives,
integrated systems and solutions, and related parts across
industries serving oil and gas, power generation, industrial and
marine applications as well as rail-related businesses and
vocational trucks.
primarily responsible for supporting customers in mine and quarry
applications. The Resource Industries product portfolio primarily
includes the following machines:
electric rope shovels
|
large track-type tractors
|
wheel tractor scrapers
|
draglines
|
large mining trucks
|
wheel dozers
|
hydraulic shovels
|
longwall miners
|
machinery components
|
track and rotary drills
|
large wheel loaders
|
electronics and control systems
|
highwall miners
|
off-highway trucks
|
select work tools
|
hard rock vehicles
|
hard rock continuous mining systems
|
articulated trucks
|
continuous miners
|
scoops and haulers
|
industrial waste
|
longwall miners are not included in Resource Industries.
expectations and are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Words such as believe, estimate, will be, will, would, expect,
anticipate, plan, project, intend, could, should or other similar
words or expressions often identify forward-looking statements.
All statements other than statements of historical fact are
forward-looking statements, including, without limitation,
statements regarding our outlook, projections, forecasts or trend
descriptions. These statements do not guarantee future
performance, and we do not undertake to update our
forward-looking statements.
described or implied in our forward-looking statements based on a
number of factors, including, but not limited to: (i) global and
regional economic conditions and economic conditions in the
industries we serve; (ii) government monetary or fiscal policies
and infrastructure spending; (iii) commodity price changes,
component price increases, fluctuations in demand for our
products or significant shortages of component products; (iv)
disruptions or volatility in global financial markets limiting
our sources of liquidity or the liquidity of our customers,
dealers and suppliers; (v) political and economic risks,
commercial instability and events beyond our control in the
countries in which we operate; (vi) failure to maintain our
credit ratings and potential resulting increases to our cost of
borrowing and adverse effects on our cost of funds, liquidity,
competitive position and access to capital markets; (vii) our
Financial Products segments risks associated with the financial
services industry; (viii) changes in interest rates or market
liquidity conditions; (ix) an increase in delinquencies,
repossessions or net losses of Cat Financials customers; (x) new
regulations or changes in financial services regulations; (xi) a
failure to realize, or a delay in realizing, all of the
anticipated benefits of our acquisitions, joint ventures or
divestitures; (xii) international trade policies and their impact
on demand for our products and our competitive position; (xiii)
our ability to develop, produce and market quality products that
meet our customers needs; (xiv) the impact of the highly
competitive environment in which we operate on our sales and
pricing; (xv) failure to realize all of the anticipated benefits
from initiatives to increase our productivity, efficiency and
cash flow and to reduce costs; (xvi) additional restructuring
costs or a failure to realize anticipated savings or benefits
from past or future cost reduction actions; (xvii) inventory
management decisions and sourcing practices of our dealers and
our OEM customers; (xviii) compliance with environmental laws and
regulations; (xix) alleged or actual violations of trade or
anti-corruption laws and regulations; (xx) additional tax expense
or exposure; (xxi) currency fluctuations; (xxii) our or Cat
Financials compliance with financial covenants; (xxiii) increased
pension plan funding obligations; (xxiv) union disputes or other
employee relations issues; (xxv) significant legal proceedings,
claims, lawsuits or government investigations; (xxvi) changes in
accounting standards; (xxvii) failure or breach of IT security;
(xxviii) adverse effects of unexpected events including natural
disasters; and (xxix) other factors described in more detail
under Item 1A. Risk Factors in our Form 10-K filed with the SEC
on February 16, 2016 for the year ended December 31, 2015.
About CATERPILLAR INC. (NYSE:CAT)
Caterpillar Inc. is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. It also provides financing and related services through its Financial Products segment. Its Construction Industries segment provides machinery for infrastructure and building construction applications. Its Resource Industries segment offers machinery for mine and quarry applications. Its Energy & Transportation segment offers reciprocating engines, generator sets, gas turbines and turbine-related services, diesel-electric locomotives and other rail-related products and services. Its Financial Products segment conducts its business through Caterpillar Financial Services Corporation (Cat Financial). Cat Financial provides retail and wholesale financing alternatives for Caterpillar products. CATERPILLAR INC. (NYSE:CAT) Recent Trading Information
CATERPILLAR INC. (NYSE:CAT) closed its last trading session up +1.61 at 94.34 with 4,302,415 shares trading hands.