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Caterpillar's three-month rolling machine sales drop 20%

Aug. 14, 2020 9:46 AM ETCaterpillar Inc. (CAT) StockCATBy: Carl Surran, SA News Editor3 Comments
  • Caterpillar (CAT -0.3%) reports rolling three-month retail machine sales ending in July fell 20%, slightly better than the 23% drops posted in the May and June periods.
  • By region: North America machine sales sank 38% after falling 40% in June, Asia/Pacific sales increased 5% after sliding 7% in June, Latin America sales fell 11% after a 22% decline, and Europe-Africa-Middle East May sales slipped 2% vs. a 9% drop in the previous rolling period.
  • Total worldwide energy and transportation retail sales fell 16% in the latest rolling period vs. an 18% drop in the prior period.
  • Caterpillar recently reported better than forecast Q2 earnings and revenues that fell by less than expected.

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