Sales for Caterpillar’s construction division drops in Q2

Caterpillar, the world’s largest construction OEM by sales, has released its financial results for the second quarter of 2024, revealing that sales for its Construction Industries fell by 7% compared to the same quarter last year.

The US-based OEM revealed that Construction Industries’ total sales were US$6.683 billion in the second quarter of 2024, a decrease of US$471 million.

Sales in North America were at approximately the same level as in the second quarter of last year. Sales declined in EAME (Europe, Africa and the Middle…

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