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BRIEF-Caterpillar sees FY‍​ power generation industry sales to be about flat to slightly up
October 24, 2017 / 5:25 PM / a month ago

BRIEF-Caterpillar sees FY‍​ power generation industry sales to be about flat to slightly up

Oct 24 (Reuters) - Caterpillar Inc:

* Caterpillar sees power generation industry sales to be about flat to slightly up for the full year - conf call‍​

* Caterpillar - expect material costs to put pressure moving forward - conf call‍​

* Caterpillar - “mining cycle has started to turn” - conf call‍​

* Caterpillar - demand for aftermarket parts remains at a healthy level - conf call‍​

* Caterpillar says sees FY sales about $44 billion - conf call‍​

* Caterpillar says expect higher material costs to negatively impact Q4 operating leverage - conf call‍​

* Caterpillar says resource industries FY sales expectations increased due to higher aftermarket parts sales expectation - conf call‍​

* Caterpillar - power generation industry remains challenged, we anticipate sales to be about flat to slightly up for the full year - conf call‍​

* Caterpillar says has been a good year for aftermarket parts for mining and North American oil and gas applications - conf call‍​

* Caterpillar says pricing will be competitive as we move into 2018 - conf call‍​

* Caterpillar says for resource industries, see FY segment margins close to September YTD - conf call‍​ Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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