- Caterpillar (CAT) reports an 8% Y/Y decline in worldwide retail machine sales for the rolling three-month period ending in January retail data, a slower rate of descent than the reported 12% drop in December and the 17% slide in November.
- CAT says global sales to resource industries fell 7% during the three-month rolling period, better than the 10% drop in the prior period, while retail sales to construction fell 8% vs. a 12% drop in previous period.
- Total sales in the energy and transportation segment slipped 11%, an improvement from December's 22% drop, including respective declines of 15%, 15%, 8% and 7% in power generation, transportation, oil and gas, and industrial products.