Caterpillar Machine Retail Sales Rose 12% in 3-Month Period

Caterpillar Inc. (CAT), the largest maker of construction and mining equipment, said global machinery retail sales rose 12 percent in the three months through April compared with the same period a year earlier.

Gains around the world offset a 13 percent drop in machine retail sales in Latin America, the Peoria, Illinois-based company said in a securities filing today. Machine sales increased 32 percent in North America, 5 percent in the Asia-Pacific region and 14 percent in Europe, Africa and the Middle East.

“Sales volume increased in nearly all segments and in all geographic regions except Latin America,” the company said in a statement on April 25 when it reported first-quarter earnings.

To contact the reporter on this story: Shruti Singh in Chicago at ssingh28@bloomberg.net

To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net

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