Posted on September 14, 2018
Caterpillar (CAT +0.6%) reports a 23% Y/Y increase in worldwide machine retail sales for the rolling three-month period ending in August, roughly flat vs. results from June and July.
The North American region surpassed Asia Pacific with a 29% Y/Y growth rate for the period, rising from 27% in July and 22% in June, while Asia Pacific sales gained 28%, declining from 30% last month and 37% in June; sales growth rose 18% in Latin America but fell to just 9% for Europe and the Middle East.
CAT’s energy and transportation retail sales for the latest rolling three-month period rose 11%, as sales rose 30% in oil and gas and 12% in power generation but fell 4% in transportation and slid 8% in industrial.
READ FULL ARTICLE HERE
