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Caterpillar 1Q sales rise as dealers boost inventory levels

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Caterpillar's sales rose in the first quarter as market conditions for the machinery company begin to improve and dealers increase their inventory levels.

Revenue climbed to $11.89 billion from $10.64 billion thanks to increased sales volume driven by higher end-user demand and changes in dealer inventories.

Dealers boosted inventories by $700 million during the first quarter compared with $100 million in the prior-year period. The performance easily beat the $11.05 billion in revenue analysts polled by Zacks Investment Research expected.

Sales for the construction industries segment rose 27%. North American sales climbed slightly, with higher end-user demand driven mostly by residential construction.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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