Cat Revises 2016 Sales and Revenues Outlook

Company lowers original 2016 expectations due to little improvement in global economic growth.

Caterpillar announced it does not anticipate the world’s economic growth or commodity prices to improve in 2016 and has revised its earlier outlook, dropping yearlong 2016 expectations by 10 percent. With sales and revenues expected to be in the range of $40 to $44 billion, Cat sees a decline of $3.5 billion from its October 2015 preliminary outlook.

The news came as the company announced 2015 financial results. Full year sales and revenue were down 15 from 2014 to $47.011 billion, and 4Q sales and revenue came in at $11.0 billion, down from $14.2 billion in 4Q 2014.

Cat CEO Doug Oberhelman said the company does not anticipate significant improvement in the world economy and is expecting world GDP growth in 2016 to be similar to 2015 at about 2.5 percent. “While economic growth is expected to continue to be weak, but stable, there are certainly risks. Political conflicts and social unrest continue to disrupt economic activity in parts of the world, particularly the Middle East. The Chinese government’s push for structural reform has slowed growth and increased volatility, and U.S. monetary policy could temper business confidence. In addition, commodity prices, oil in particular, have declined substantially.  Further declines in commodity prices could negatively impact 2016 financial results.”

Earlier this week, analysts at Goldman Sachs downgraded Cat stock to “Sell” and lowered their price target because of concern that a global industrial slowdown would depress machinery demand.

Caterpillar’s report can be read here:

Source: Caterpillar

Recent News

Vermeer WC2500TX Wood Chipper
The WC2500TX tracked wood chipper has a 600-horsepower Tier 4-F engine that enables it to handle whole trees. It comes with either a microchip drum, which produces chip sizes between 1/8 and 5/8 inch, or a macrochip drum, which produces chips between 5/8 and 1 1/4 inches. High-wear areas—such as the drum, discharge chute, cutter
Antofagasta:  punto de encuentro de la industria minera en Exponor 2017
Una vez más, como ha sido cada año por medio desde 1995, los distintos estamentos que componen la industria minera se reúnen en una de las citas más importantes del sector, la Exhibición de Tecnologías e Innovaciones Globales para la Minería, Exponor. Con sede en Antofagasta, durante una semana se convierte en el polo de
Más de 2 mil operadores de equipos pesados participan en tercer concurso organizado por Ferreycorp
ACTUALIDAD EMPRESARIAL. Más de 2 mil operadores de equipos pesados participan en tercer concurso organizado por Ferreycorp.
Link-Belt 750 X4 Excavator
    The 750 X4 excavator has an operating weight of 158,300 pounds, and is powered by a 512-horsepower Isuzu engine. Cycles times have been boosted by 7 percent, and arm digging force by 15 percent, compared to the predecessor. Digging depth is 32 feet 4 inches with 64,970 lb.-ft. of arm force. Bucket digging
La fuerte baja en El Precio del cobre en Chile y menores leyes mineras golpearon al sector.
La compleja situación por la que atravesó la minería en 2016 se dejó sentir en la recaudación fiscal. Es que la caída en el valor del cobre y la disminución de las leyes mineras impactaron fuerte en el royalty, cuya recaudación alcanzó su menor nivel en la historia del impuesto específico que se creó en

About Us

In Tractopart we supply quality construction Parts and Heavy Equipment Parts with excellent discount rate for New , Used Rebuilt & Surplus parts for excavators, Wheel loader dozers, and undercarriage for all heavy equipment brands, we are locate in Miami, Fl

Contact Info


At Tractopart we focus on providing high quality parts at a great price. Our parts are subjected to rigorous inspection procedures that allow us to ensure product quality.

Phone: 786.219.1010
Main Office: 3505 South Ocean Drive #204
Hollywood, FL 33019