Cat 8-K Report Shows 16% Drop In Worldwide Sales In Q4

January 27, 2016
Cat 8-K Report Shows 16% Drop In Worldwide Sales In Q4

In a report to the Securities and Exchange Commission, Caterpillar says its retail sales to resource industries worldwide fell 38 percent during the three month period between October 2015 and December 2015.

Cat's retail sales to construction industries slipped 8 percent worldwide during the same period but were only down 3 percent in North America.

Within the energy and transportation segment, total sales fell 32 percent, led by a 58 percent plunge in transportation products and a 29 percent slide in oil and gas products.

Cat is expected to issue an earnings report January 28.

Source: https://seekingalpha.com/; Caterpillar; SEC

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