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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
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FORM |
8-K |
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Current Report |
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Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
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Date of Report (Date of earliest event reported): |
November 13, 2020 |
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CATERPILLAR INC. |
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(Exact name of registrant as specified in its charter) |
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Delaware |
1-768 |
37-0602744 |
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(State or other jurisdiction of incorporation) |
(Commission
File Number)
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(I.R.S
Employer Identification No.)
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510 Lake Cook Road, |
Suite 100, |
Deerfield, |
Illinois |
60015 |
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(Address of principal executive offices) |
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(Zip Code) |
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Registrant’s telephone number, including area code: |
(224) |
551-4000 |
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Former name or former address, if changed since last
report: |
N/A |
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☐ |
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Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425) |
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☐ |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12) |
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☐ |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c)) |
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Securities registered pursuant to Section 12(b) of the
Act:
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Title of each class |
Trading Symbol (s) |
Name of each exchange which registered |
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Common Stock ($1.00 par value) |
CAT |
The New York Stock Exchange |
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9 3/8% Debentures due March 15, 2021 |
CAT21 |
The New York Stock Exchange |
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8% Debentures due February 15, 2023 |
CAT23 |
The New York Stock Exchange |
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5.3% Debentures due September 15, 2035 |
CAT35 |
The New York Stock Exchange |
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Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions: |
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Indicate by check mark whether the registrant is an emerging growth
company as defined by Rule 405 of the Securities Act of |
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1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this
chapter). |
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Emerging growth company |
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If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition
period |
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for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange
Act. |
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Item 7.01. Regulation FD Disclosure.
Caterpillar Inc. (“Caterpillar”, “we” or “our”) is furnishing
supplemental information concerning (i) retail sales of machines to
end users and (ii) retail sales of power systems (including
reciprocating and turbine engines and locomotives) to end users and
Original Equipment Manufacturers (“OEMs”). Caterpillar sells the
majority of its machinery and power systems to independently owned
and operated dealers and OEMs to meet the demands of their
customers, the end users. Caterpillar believes that this
supplemental information may help readers better understand
Caterpillar’s business and the industries it serves, particularly
in light of the time delay between Caterpillar’s sales to dealers
and dealers’ sales to end users.
In this report, we are providing information by geographic region
for retail sales of machines in each of our Resource Industries and
Construction Industries reportable segments, as well as information
regarding total retail sales of our machines globally. For our
Energy & Transportation reportable segment, we are providing
retail sales information by major end use.
The information presented in this report is primarily based on
unaudited reports that are voluntarily provided to Caterpillar by
its independent dealers and which are not subject to Caterpillar’s
internal controls over financial reporting. Accordingly, the data
collected from such third parties may not be accurate and/or
complete. As such, the information presented in this report is
intended solely to convey an approximate indication of the trends,
direction and magnitude of retail sales and is not intended to be
an estimate, approximation or prediction of, or substitute for,
Caterpillar’s audited financial statements filed with the U.S.
Securities and Exchange Commission. This information is furnished
under this report with the U.S. Securities and Exchange Commission.
Caterpillar does not undertake to update or adjust prior period
information.
Caterpillar Inc.
Rolling 3 Month Retail Sales Statistics
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Total Machines |
October 2020 |
September 2020 |
August 2020 |
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Asia/Pacific |
UP 3% |
UNCHANGED |
DOWN 1% |
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EAME |
DOWN 15% |
DOWN 13% |
DOWN 4% |
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Latin America |
DOWN 7% |
DOWN 17% |
DOWN 16% |
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North America |
DOWN 28% |
DOWN 31% |
DOWN 35% |
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World |
DOWN 17% |
DOWN 20% |
DOWN 20% |
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Resource Industries |
October 2020 |
September 2020 |
August 2020 |
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Asia/Pacific |
DOWN 14% |
DOWN 10% |
DOWN 17% |
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EAME |
DOWN 20% |
DOWN 13% |
UP 10% |
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Latin America |
DOWN 29% |
DOWN 54% |
DOWN 45% |
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North America |
DOWN 44% |
DOWN 46% |
DOWN 50% |
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World |
DOWN 29% |
DOWN 31% |
DOWN 27% |
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Construction Industries |
October 2020 |
September 2020 |
August 2020 |
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Asia/Pacific |
UP 9% |
UP 4% |
UP 6% |
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EAME |
DOWN 13% |
DOWN 13% |
DOWN 9% |
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Latin America |
UP 6% |
UP 10% |
UP 5% |
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North America |
DOWN 24% |
DOWN 27% |
DOWN 31% |
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World |
DOWN 13% |
DOWN 15% |
DOWN 17% |
Reported in constant dollars and based on unit sales as reported
primarily by dealers.
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Energy & Transportation Retail Sales
by industry for the 3-month rolling period ended as of the month
indicated compared with the same period of the prior
year:
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October 2020 |
September 2020 |
August 2020 |
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Power Gen |
DOWN 6% |
DOWN 6% |
UP 14% |
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Industrial |
DOWN 33% |
DOWN 39% |
DOWN 42% |
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Transportation |
DOWN 38% |
DOWN 15% |
DOWN 20% |
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Oil & Gas |
DOWN 27% |
DOWN 42% |
DOWN 30% |
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Total |
DOWN 22% |
DOWN 27% |
DOWN 17% |
Reported in constant dollars based on
reporting from dealers and direct sales.
Glossary of Terms
Construction Industries:
Our Construction Industries segment is primarily responsible for
supporting customers using machinery in infrastructure, forestry
and building construction. The majority of sales in this segment
are made in the heavy and general construction, rental, quarry and
aggregates markets and mining. The Construction Industries product
portfolio primarily includes the following machines:
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· asphalt pavers |
· forestry excavators |
· small and medium |
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· backhoe loaders |
· motorgraders |
track-type tractors |
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· compactors |
· pipelayers |
· track-type loaders |
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· cold planers |
· road reclaimers |
· wheel excavators |
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· compact track and |
· site prep tractors |
· compact, small and |
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multi-terrain loaders |
· skid steer loaders |
medium wheel loaders |
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· mini, small, medium |
· telehandlers |
· utility vehicles |
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and large excavators |
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Effective September 2019, Caterpillar has divested its Forestry
product segment. Those products have been removed from the
Construction Industries product portfolio where any remaining
product Dealer Inventory will be reported in Total Machines as they
are depleted.
EAME:
Europe, Africa, Commonwealth of Independent States and Middle
East
Energy & Transportation:
Our Energy & Transportation segment is primarily responsible
for supporting customers using reciprocating engines, turbines,
diesel-electric locomotives, integrated systems and solutions, and
related parts across industries serving oil and gas, power
generation, industrial and marine applications as well as
rail-related businesses.
Resource Industries:
Our Resource Industries segment is primarily responsible for
supporting customers using machinery in mining, quarry, waste and
material handling applications. The Resource Industries product
portfolio primarily includes the following machines:
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· electric rope shovels |
· longwall miners |
· landfill compactors |
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· draglines |
· large wheel loaders |
· soil compactors |
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· hydraulic shovels |
· off-highway trucks |
· machinery components |
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· rotary drills |
· articulated trucks |
· electronics and control systems |
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· hard rock vehicles |
· wheel tractor scrapers |
· select work tools |
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· large track-type tractors |
· wheel dozers |
· hard rock continuous mining |
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· large mining trucks |
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systems |
For purposes of this report, retail sales of longwall miners are
not included in the information presented above for Resource
Industries or Total Machines.
FORWARD-LOOKING STATEMENTS
Certain statements in this report relate to future events and
expectations and are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Words such
as “believe,” “estimate,” “will be,” “will,” “would,” “expect,”
“anticipate,” “plan,” “forecast,” “target,” “guide,” “project,”
“intend,” “could,” “should” or other similar words or expressions
often identify forward-looking statements. All statements other
than statements of historical fact are forward-looking statements,
including, without limitation, statements regarding our outlook,
projections, forecasts or trend descriptions. These statements do
not guarantee future performance and speak only as of the date they
are made, and we do not undertake to update our forward-looking
statements.
Caterpillar’s actual results may differ materially from those
described or implied in our forward-looking statements based on a
number of factors, including, but not limited to: (i) global and
regional economic conditions and economic conditions in the
industries we serve; (ii) commodity price changes, material price
increases, fluctuations in demand for our products or significant
shortages of material; (iii) government monetary or fiscal
policies; (iv) political and economic risks, commercial instability
and events beyond our control in the countries in which we operate;
(v) international trade policies and their impact on demand for our
products and our competitive position, including the imposition of
new tariffs or changes in existing tariff rates; (vi) our ability
to develop, produce and market quality products that meet our
customers’ needs; (vii) the impact of the highly competitive
environment in which we operate on our sales and pricing; (viii)
information technology security threats and computer crime; (ix)
inventory management decisions and sourcing practices of our
dealers and our OEM customers; (x) a failure to realize, or a delay
in realizing, all of the anticipated benefits of our acquisitions,
joint ventures or divestitures; (xi) union disputes or other
employee relations issues; (xii) adverse effects of unexpected
events; (xiii) disruptions or volatility in global financial
markets limiting our sources of liquidity or the liquidity of our
customers, dealers and suppliers; (xiv) failure to maintain our
credit ratings and potential resulting increases to our cost of
borrowing and adverse effects on our cost of funds, liquidity,
competitive position and access to capital markets; (xv) our
Financial Products segment’s risks associated with the financial
services industry; (xvi) changes in interest rates or market
liquidity conditions; (xvii) an increase in delinquencies,
repossessions or net losses of Cat Financial’s customers; (xviii)
currency fluctuations; (xix) our or Cat Financial’s compliance with
financial and other restrictive covenants in debt agreements; (xx)
increased pension plan funding obligations; (xxi) alleged or actual
violations of trade or anti-corruption laws and regulations; (xxii)
additional tax expense or exposure, including the impact of U.S.
tax reform; (xxiii) significant legal proceedings, claims, lawsuits
or government investigations; (xxiv) new regulations or changes in
financial services regulations; (xxv) compliance with environmental
laws and regulations; (xxvi) the duration and geographic spread of,
business disruptions caused by, and the overall global economic
impact of, the COVID-19 pandemic; and (xxvii) other factors
described in more detail in Caterpillar’s Forms 10-Q, 10-K and
other filings with the Securities and Exchange
Commission.
Item 9.01 Financial Statements and
Exhibits
(d)
Exhibits.
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Exhibit |
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Number |
Description |
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104 |
The cover page from this Current Report on Form 8-K, formatted in
Inline XBRL. |
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SIGNATURES
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CATERPILLAR INC. |
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November 13, 2020 |
By: |
/s/ Suzette M. Long |
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Suzette M. Long
Chief Legal Officer, General Counsel & Corporate
Secretary |
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Caterpillar (NYSE:CAT)
Graphique Historique de l'Action
De Déc 2020 à Jan 2021
Caterpillar (NYSE:CAT)
Graphique Historique de l'Action
De Jan 2020 à Jan 2021
