Summary
Caterpillar Inc. (CAT) filed an 8-K on June 20, 2013, to provide supplemental information regarding dealer statistics for machine and power system retail sales for the three-month rolling periods ending May 2013, April 2013, and March 2013. This filing aims to offer investors a clearer understanding of the company's business and the industries it serves, acknowledging the time lag between Caterpillar's sales to dealers and dealers' deliveries to end users. The data presented is based on unaudited reports from independent dealers and is not subject to Caterpillar's internal controls over financial reporting. The provided statistics indicate a mixed performance across different regions and business sectors. Notably, machine sales in Asia/Pacific and North America have shown significant declines, while Latin America has experienced robust growth. For power systems, the Electric Power segment continues to trend downwards, whereas the Transportation segment shows positive growth. The company also reiterates various risk factors that could materially impact its actual results, including global economic conditions, commodity prices, and regulatory changes.
Key Highlights
- 1Caterpillar is providing supplemental data on dealer retail sales for machines and power systems, based on a rolling three-month period.
- 2Machine sales in Asia/Pacific and North America showed consistent year-over-year declines across the reported periods (March, April, May 2013).
- 3Latin America emerged as a strong growth region for machine retail sales, with significant year-over-year increases.
- 4Power Systems retail sales saw a decline in Electric Power and Industrial sectors, but experienced growth in the Transportation segment.
- 5The 'World' category for machine retail sales showed an overall year-over-year decline of 7% for the three months ending May 2013.
- 6The disclosed information is based on unaudited dealer reports and is not subject to internal financial controls.
- 7The filing includes a comprehensive list of risk factors that could affect Caterpillar's future financial performance, mirroring those in their annual report.