CAT · 8-K · 20260804PR000040

Dealer Distribution and Inventories

CATERPILLAR INC · 2026-08-04 · Importance 17 · Surprise 24

Caterpillar attributed part of North American Construction Industries volume growth to changes in dealer inventories. The company stated that higher equipment sales to end users were the primary volume driver in North America. Dealer inventory changes were not identified as a primary driver in Latin America, EAME or Asia/Pacific. The disclosure indicates that dealer inventory positioning contributed to the regional sales increase in North America.