The fiscal outcomes of Caterpillar in 2019 was $53.8 billion, including sales and revenues, while this figure was US $41.7 billion in 2020 that consequences a 22% reduction in this company’s income. According to the company, the reasons of this reduction were: lower end-user demand and the impact from changes in dealer inventories.<\/p>\n
In the last season of 2020, the company’s combined segment revenues were US $11.2 billion which saw a 15% decline compared to 2019\u2019s fourth quarter income which was US$13.1 billion.<\/p>\n
A 10% down of sales and revenues from US $5.02 billion to US $4.5 billion has been reported by the company\u2019s Construction Industries segment for the same time last year.<\/p>\n
Comparing the regional sales of this company shows that: the segment achieved sales of US $1.8 billion in North America, 16% lower than in 2019\u2019s fourth quarter. While its Latin America incomes were down 21% compared to the previous year, in the Asia Pacific area the company reached sales of US $1.41 billion, just 4% less than 2019.<\/p>\n
The Resource Industries segment of this company acted some better in 2020 comparing to the last 3 months of 2019. The Q4 sales, which involves quarrying and mining equipment, saw a quantity of $2.18 billion in 2020, that reduced 9% in 2019\u2019s fourth quarter.<\/p>\n
\u00a0However, regionally the figures looked encouraging, with sales up to 8% in the Asia\/Pacific market and 26% in the Latin America region.<\/p>\n
Jim Umpleby, Caterpillar Chairman & CEO, stated: “I\u2019m proud of our global team\u2019s continued resilience in safely navigating Covid-19 while continuing to provide the essential products and services the world needs. Our fourth-quarter and full-year results reflect the team\u2019s agility in a challenging environment while executing our strategy for long-term profitable growth.”<\/p>\n
He also added: “We achieved the adjusted operating margin established during our 2019 Investor Day while continuing to invest in products and services. We are well-positioned for the future and will emerge from the pandemic as an even stronger company.”<\/p>\n","protected":false},"excerpt":{"rendered":"
The fiscal outcomes of Caterpillar in 2019 was $53.8 billion, including sales and revenues, while this figure was US $41.7 billion in 2020 that consequences a 22% reduction in this company’s income. According to the company, the reasons of this reduction were: lower end-user demand and the impact from changes in dealer inventories. In the last season of 2020, the company’s combined segment revenues were US $11.2 billion which saw a 15% decline compared to 2019\u2019s fourth quarter income which was US$13.1 billion. A 10% down of sales and revenues from US $5.02 billion to US $4.5 billion has been […]<\/p>\n","protected":false},"author":2,"featured_media":2817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":["post-2816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-project-show-case","post--single"],"_links":{"self":[{"href":"https:\/\/tunnelingworld.com\/index.php?rest_route=\/wp\/v2\/posts\/2816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tunnelingworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tunnelingworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tunnelingworld.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/tunnelingworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2816"}],"version-history":[{"count":0,"href":"https:\/\/tunnelingworld.com\/index.php?rest_route=\/wp\/v2\/posts\/2816\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tunnelingworld.com\/index.php?rest_route=\/wp\/v2\/media\/2817"}],"wp:attachment":[{"href":"https:\/\/tunnelingworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tunnelingworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tunnelingworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}