Edition:
United Kingdom

Caterpillar Says Large Customers Cautiously Optimistic About Working Through Trade Issues - Conf Call


Wednesday, 24 Apr 2019 

April 24 (Reuters) - Caterpillar Inc ::CATERPILLAR SAYS CONTINUES TO HAVE CONFIDENCE IN THE FUNDAMENTALS OF CO'S DIVERSE END MARKETS, AND EXPECTATIONS FOR 2019 PERFORMANCE ARE UNCHANGED- CONF CALL.CATERPILLAR SAYS, IN CONSTRUCTION INDUSTRIES, CONTINUES TO BELIEVE THAT HEALTHY U.S. ECONOMY, ALONG WITH STATE AND LOCAL FUNDING FOR INFRASTRUCTURE DEVELOPMENT, WILL BE A POSITIVE FOR CO, PARTLY OFFSET BY WEAKNESS IN RESIDENTIAL CONSTRUCTION.CATERPILLAR CONTINUES TO EXPECT DEMAND TO REMAIN LOW IN LATIN AMERICA THIS YEAR.CATERPILLAR SAYS, IN THE EUROPE, AFRICA AND MIDDLE EAST REGION, DEMAND REMAINS STEADY DESPITE THE POLITICAL AND ECONOMIC UNCERTAINTIES.CATERPILLAR SAYS, IN ASIA PACIFIC, INFRASTRUCTURE ACTIVITY REMAINS STRONG; WITHIN CHINA, CO CONTINUES TO EXPECT SALES TO BE FLAT WITH LAST YEAR.CATERPILLAR SAYS, SEEING MINING COMPANIES BECOMING INCREASINGLY WILLING TO INVEST IN CAPEX.CATERPILLAR SAYS, IN RESOURCE INDUSTRIES, EXPECTS DEMAND FOR HEAVY CONSTRUCTION AND QUARRYING AGGREGATE EQUIPMENT TO REMAIN STRONG.CATERPILLAR SAYS, IN ENERGY & TRANSPORTATION, OIL PRICES ARE RECOVERING, BUT VOLATILITY IN OIL PRICES AND TAKEAWAY CONSTRAINTS IN PERMIAN ARE IMPACTING DEMAND FOR WELL SERVICING EQUIPMENT IN THE FIRST HALF OF THE YEAR.CATERPILLAR EXPECTS PRICE REALIZATION TO OFFSET HIGHER MANUFACTURING COSTS IN 2019.