Caterpillar Exec Says In North America We See Continued Growth In Non-Residential Construction; CEO Says Co Has Seen A Reduction In Dealer Orders For Construction Products Which Was Anticipated
Portfolio Pulse from Benzinga Newsdesk
Caterpillar's executive has stated that the company is witnessing continued growth in non-residential construction in North America. However, the CEO also noted a reduction in dealer orders for construction products, which was anticipated.
October 31, 2023 | 12:44 pm
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Caterpillar is experiencing growth in non-residential construction in North America, but a reduction in dealer orders for construction products was noted.
The news is a mixed bag for Caterpillar. On one hand, the growth in non-residential construction in North America is a positive sign. On the other hand, the reduction in dealer orders for construction products could potentially impact revenues. However, this was anticipated by the company, suggesting they may have strategies in place to mitigate the impact.
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