Eyes on inventories as Caterpillar announces Q1 results

Mitchell Keller and Reuters

26 April 2024

Caterpillar revealed first-quarter 2024 sales and revenues of US$6.4 billion for its construction industries segment, a decrease of $322 million, or 5%, compared with $6.7 billion in the first quarter of 2023.

“The decrease was primarily due to lower sales volume of $464 million, partially offset by favourable price realisation of $199 million,” said Caterpillar. “The decrease in sales volume was mainly driven by lower sales of equipment to end users.”

North America was the only region the OEM realised gains over…

Log in to continue reading

Log in for free access to this article and more, including:

  • Industry news and expert insight
  • Digital magazines and reports
  • Newsletters covering the topics that matter to you

If you haven’t completed your free registration yet, we’ll ask you for a few details before returning you to the article.

Login
ERA TCO and CO2 calculators
ERA TCO Calc
Calculate the total cost of ownership and CO2 output of construction machinery using the European Rental Association’s online, free-to-use calculators.
CONNECT WITH THE TEAM
Murray Pollok Editor, International Rental News Tel: +44 (0)1505 850043 E-mail: [email protected]
Ollie Hodges Vice President, Sales Tel: +44 (0)1892 786253 E-mail: [email protected]
CONNECT WITH SOCIAL MEDIA