Caterpillar Says Chip Shortage May Hurt Equipment Deliveries
- CFO says semiconductor shortage may have impact later in year
- Company posts profit, sales that topped Wall Street estimates
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Caterpillar Inc. is warning of potential impacts ahead due to a global chip shortage, putting a damper on better-than-expected earnings for the world’s biggest maker of mining and construction equipment.
“Although we haven’t been impacted yet, the global semiconductor shortage may have an impact later this year,” Chief Financial Officer Andrew Bonfield said in a Thursday interview. “It’s a risk and obviously we’re keeping a close eye on it.”