SEC filing shows Cat growth slowing around the world
A recent Caterpillar filing to the SEC shows growth in its machinery and engines business slowing or reversing around the globe.
North American sales were down more than 10 percent year-over-year from September through November, the SEC filing shows. Latin American sales are still booming, though the growth rate shrank from 34 percent y-o-y in September to 18 percent y-o-y in November. Overall, global sales went from plus-1 percent in September to minus-6 in November. A 7 percent reversal in three months is major money for a company the size of Cat.
In Cat’s engines business, the electric power and marine categories are thriving, while trucks and buses are sinking. The petroleum sector rebounded from an 7 percent loss in September to a 1 percent loss in November. Not bad in light of tanking oil futures (and equals a cumulative 8 percent loss in the quarter, which isn’t so great).
Here’s the whole chart from the Securities and Exchange Commission:
| |
Nov. 08
|
Oct. 08
|
Sept. 08
|
|
Asia/Pacific
|
UP 5%
|
UP 16%
|
UP 32%
|
|
EAME*
|
DOWN 15%
|
DOWN 9%
|
DOWN 4%
|
|
Latin America
|
UP 18%
|
UP 35%
|
UP 34%
|
|
ROW*
|
DOWN 3%
|
UP 5%
|
UP 11%
|
|
North America
|
DOWN 11%
|
DOWN 12%
|
DOWN 13%
|
|
World
|
DOWN 6%
|
DOWN 2%
|
UP 1%
|
| |
Nov. 08
|
Oct. 08
|
Sept. 08
|
|
Truck & Bus
|
DOWN 8%
|
UP 1%
|
DOWN 3%
|
|
Electric Power
|
UP 19%
|
UP 15%
|
UP 15%
|
|
Industrial
|
DOWN 2%
|
DOWN 1%
|
UP 2%
|
|
Marine
|
UP 28%
|
UP 18%
|
UP 11%
|
|
Petroleum
|
DOWN 1%
|
FLAT
|
DOWN 7%
|
|
Total
|
UP 8%
|
UP 6%
|
UP 3%
|
[…] morning’s SEC filing was ugly across the board except for one bright spot: Latin American sales. A recent press release […]
Permalink | Posted December 18th, 2008, at 11:04 am