What is the purpose of this 8-K filing?

This 8-K filing is for Regulation FD Disclosure, where Caterpillar Inc. is furnishing supplemental, unaudited information on retail sales of machines and power systems. This data is intended to provide investors with a more current view of end-user demand, as Caterpillar's official sales figures to dealers have a time lag.

How reliable is the data presented in this report?

The data presented is based on unaudited reports voluntarily provided by Caterpillar's independent dealers and is not subject to Caterpillar's internal controls over financial reporting. Therefore, the data may not be accurate or complete and is intended solely to convey an approximate indication of trends, direction, and magnitude of retail sales, not as a substitute for audited financial statements.

What are the key takeaways for the Construction Industries segment?

For the three-month period ended May 2019, the Construction Industries segment globally saw a 2% increase in retail sales. North America and Latin America were strong performers with retail sales up 11% and 20% respectively. However, the Asia/Pacific region experienced a decline of 12% in retail sales for this segment.

How is the Energy & Transportation segment performing based on this data?

The Energy & Transportation segment's total retail sales showed a 1% increase for the three-month period ended May 2019. While Power Generation (up 23%) and Industrial (up 8%) sectors saw positive retail sales growth, the Transportation (down 1%) and Oil & Gas (down 13%) sectors experienced retail sales declines.

CAT 8-K: Regulation FD — Jun 13, 2019

Summary

Caterpillar Inc. (CAT) filed an 8-K on June 13, 2019, furnishing supplemental information regarding retail sales of machines and power systems to end users and Original Equipment Manufacturers (OEMs). This data provides a near real-time view of customer demand, complementing Caterpillar's official sales figures which have a time lag due to dealer inventory. The report details rolling three-month retail sales trends by geographic region for Construction and Resource Industries, and by major end-use for Energy & Transportation. Key trends emerging from the data for the three-month period ended May 2019 indicated a global increase in total machine retail sales of 6%. This was driven by strong performance in North America and Latin America, despite a slight decline in Asia/Pacific and EAME. The Resource Industries segment showed robust growth, particularly in Asia/Pacific, while the Construction Industries segment experienced modest growth globally, with notable strength in Latin America and North America. The Energy & Transportation segment saw mixed results, with Power Generation and Industrial sectors showing positive retail sales, while Transportation and Oil & Gas experienced declines.

Key Highlights

1Global retail sales of total machines increased by 6% for the three-month period ended May 2019 compared to the prior year.
2North America and Latin America showed strong retail sales growth for total machines, up 15% and 16% respectively for the period ended May 2019.
3Resource Industries segment demonstrated significant retail sales growth globally, up 21% for the period ended May 2019, with exceptional performance in Asia/Pacific (up 63%).
4Construction Industries segment experienced a modest global retail sales increase of 2% for the period ended May 2019, with strong growth in Latin America (up 20%) and North America (up 11%).
5Asia/Pacific region showed mixed retail sales trends: positive for Resource Industries (up 63%) and total machines (up 6%), but negative for Construction Industries (down 12%) for the period ended May 2019.
6Energy & Transportation segment's total retail sales were up 1% for the period ended May 2019, driven by Power Generation (up 23%) and Industrial (up 8%), while Transportation and Oil & Gas declined.

CATERPILLAR INC 8-K Report, Regulation FD Disclosure (Jun 13, 2019)

Summary

Key Highlights

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