Note – this is sample data only, used for representative purposes.
Public Company Signals - Manufacturers
Caterpillar
Caterpillar
Quarterly Results Call // 2021 Q3
CAT
Ticker Symbol
nyse
Stock Market
Last Updated: 4/1/22
Backlog
$1,903M
Current Backlog
8%
Change, QOQ
View Presentation Slides
Critical Signals
Supply Chain
Signal / Call Importance
Notable Comments
“We experienced supply chain challenges like many other industrial companies. We believe our sales in the third quarter would have been higher if not for these issues.”
“We continue to expect price to offset higher manufacturing costs for machines in 2021, although further disruptions in the supply chain could make that more difficult.”
Inventory
Signal / Call Importance
Notable Comments
“…in terms of dealer inventory, it does remain near the low end of the range”
“Dealers, each of whom are independent businesses, decreased inventory by $300 million in the third quarter, versus a decrease of $600 million in last year’s third quarter.”
BAcklog
Signal / Call Importance
Notable Comments
“…your backlog here as the highest it’s been in, well, 10 years.”
“But obviously, a lot of those orders you’re talking about in backlog are dealer orders and therefore will be priced at the appropriate price level, rather than with the customer protected orders.”
Lead Time
Signal / Call Importance
Notable Comments
“…your backlog here as the highest it’s been in, well, 10 years.”
“But obviously, a lot of those orders you’re talking about in backlog are dealer orders and therefore will be priced at the appropriate price level, rather than with the customer protected orders.”
Price Increase
Signal / Call Importance
Notable Comments
“If the customers are ordering before a price increase, they will pay based on the price the day the order is made.”
Cost
Signal / Call Importance
Notable Comments
“…we expect for machines price to offset manufacturing cost increases”
“…reason was a stronger gross margin, due to better price and slightly lower material costs than we had expected.”
Acquisition
Signal / Call Importance
Notable Comments
“we’re continually on the hunt for other potential acquisition opportunities that can help us in our journey”
Dealer
Signal / Call Importance
Notable Comments
“Overall, dealers reduced their construction equipment inventories less in the third quarter of 2021 than they did in the third quarter of 2020”
