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Caterpillar Warns of ‘Severe and Chaotic’ Impact From Virus

  • Company says 2Q will be affected more than 1Q by Covid-19
  • CFO predicts it’s going to take a “little while to recover”
Caterpillar Inc. excavators are displayed for sale at the Whayne Supply Co. dealership in Louisville, Kentucky.

Caterpillar Inc. excavators are displayed for sale at the Whayne Supply Co. dealership in Louisville, Kentucky.

Photographer: Luke Sharrett/Bloomberg
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The world’s biggest maker of mining and construction equipment is predicting that the pain from the coronavirus crisis is far from over.