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
|
March 2017
|
February 2017
|
January 2017
|
Asia/Pacific
|
UP 46%
|
UP 39%
|
UP 26%
|
EAME
|
DOWN 3%
|
DOWN 3%
|
DOWN 13%
|
Latin America
|
DOWN 25%
|
DOWN 21%
|
DOWN 29%
|
North America
|
DOWN 13%
|
DOWN 10%
|
DOWN 13%
|
World
|
UP 1%
|
DOWN 1%
|
DOWN 8%
|
Resources Industries
|
March 2017
|
February 2017
|
January 2017
|
Asia/Pacific
|
DOWN 1%
|
UP 1%
|
UP 26%
|
EAME
|
UP 23%
|
UP 16%
|
UP 4%
|
Latin America
|
DOWN 53%
|
DOWN 39%
|
DOWN 44%
|
North America
|
DOWN 34%
|
DOWN 12%
|
DOWN 14%
|
World
|
DOWN 19%
|
DOWN 7%
|
DOWN 7%
|
Construction Industries
|
March 2017
|
February 2017
|
January 2017
|
Asia/Pacific
|
UP 56%
|
UP 52%
|
UP 27%
|
EAME
|
DOWN 10%
|
DOWN 9%
|
DOWN 18%
|
Latin America
|
DOWN 1%
|
DOWN 9%
|
DOWN 21%
|
North America
|
DOWN 6%
|
DOWN 9%
|
DOWN 13%
|
World
|
UP 7%
|
UP 2%
|
DOWN 8%
|
primarily by dealers.
rolling period ended as of the month indicated compared with the
same period of the prior year:
March 2017
|
February 2017
|
January 2017
|
|
Power Gen
|
DOWN 7%
|
DOWN 13%
|
DOWN 15%
|
Industrial
|
DOWN 6%
|
DOWN 11%
|
DOWN 7%
|
Transportation
|
DOWN 3%
|
DOWN 15%
|
DOWN 15%
|
Oil Gas
|
UP 15%
|
DOWN 3%
|
DOWN 8%
|
Total
|
UP 1%
|
DOWN 9%
|
DOWN 11%
|
Reported in constant dollars based on reporting from
dealers and direct sales.
segment is primarily responsible for supporting customers using
machinery in infrastructure, forestry and building construction.
The majority of sales in this segment are made in the heavy and
general construction, rental, quarry and aggregates markets and
mining. The Construction Industries product portfolio primarily
includes the following machines:
backhoe loaders
|
compact loaders
|
small track-type tractors
|
||
track-type loaders
|
small and medium wheel loaders
|
medium track-type tractors
|
||
mini excavators
|
small, medium and large track excavators
|
motorgraders
|
||
wheel excavators
|
pipelayers
|
telehandlers
|
||
cold planers
|
asphalt pavers
|
compactors
|
||
road reclaimers
|
wheel and track skidders
|
knuckleboom loaders
|
||
site prep tractors
|
wheel and track feller bunchers
|
forestry excavators
|
||
skid steer loaders
|
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.
primarily responsible for supporting customers using machinery in
mining, quarry, waste and material handling applications. The
Resource Industries product portfolio primarily includes the
following machines:
electric rope shovels
|
large mining trucks
|
landfill compactors
|
||
draglines
|
longwall miners
|
soil compactors
|
||
hydraulic shovels
|
large wheel loaders
|
machinery components
|
||
track and rotary drills
|
off-highway trucks
|
electronics and control systems
|
||
highwall miners
|
articulated trucks
|
select work tools
|
||
hard rock vehicles
|
scoops and haulers
|
hard rock continuous mining systems
|
||
continuous miners
|
wheel tractor scrapers
|
|||
large track-type tractors
|
wheel dozers
|
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
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 speak only as of the date
they are made, 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) commodity price changes, material price
increases, fluctuations in demand for our products or significant
shortages of material; (iii) government monetary or fiscal
policies; (iv) political and economic risks, commercial
instability and events beyond our control in the countries in
which we operate; (v) our ability to develop, produce and market
quality products that meet our customers needs; (vi) the impact
of the highly competitive environment in which we operate on our
sales and pricing; (vii) information technology security threats
and computer crime; (viii) additional restructuring costs or a
failure to realize anticipated savings or benefits from past or
future cost reduction actions; (ix) failure to realize all of the
anticipated benefits from initiatives to increase our
productivity, efficiency and cash flow and to reduce costs; (x)
inventory management decisions and sourcing practices of our
dealers and our OEM customers; (xi) a failure to realize, or a
delay in realizing, all of the anticipated benefits of our
acquisitions, joint ventures or divestitures; (xii) union
disputes or other employee relations issues; (xiii) adverse
effects of unexpected events including natural disasters; (xiv)
disruptions or volatility in global financial markets limiting
our sources of liquidity or the liquidity of our customers,
dealers and suppliers; (xv) 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; (xvi) our
Financial Products segments risks associated with the financial
services industry; (xvii) changes in interest rates or market
liquidity conditions; (xviii) an increase in delinquencies,
repossessions or net losses of Cat Financials customers; (xix)
currency fluctuations; (xx) our or Cat Financials compliance with
financial and other restrictive covenants in debt agreements;
(xxi) increased pension plan funding obligations; (xxii) alleged
or actual violations of trade or anti-corruption laws and
regulations; (xxiii) international trade policies and their
impact on demand for our products and our competitive position;
(xxiv) additional tax expense or exposure; (xxv) significant
legal proceedings, claims, lawsuits or government investigations;
(xxvi) new regulations or changes in financial services
regulations; (xxvii) compliance with environmental laws and
regulations; and (xxviii) other factors described in more detail
in Caterpillars Forms 10-Q, 10-K and other filings with the
Securities and Exchange Commission.
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 +2.05 at 96.37 with 4,128,655 shares trading hands.