CAT · Earnings call · 2026Q3T · Full report

Geographic Market Commentary

CATERPILLAR INC · 2026-10-29 · Importance 20 · Surprise 24

In EAME, third-quarter Construction Industries sales to users were above expectations, with growth in Europe and Africa partly offset by weakness in the Middle East. Management expects Europe to remain stable, supported by nonresidential construction, and Africa’s construction activity to remain strong, while the Middle East continues to face challenges. In Asia Pacific, sales to users outside China declined slightly due to timing; management expects stable conditions outside China and moderate conditions in China, including growth in the above-10-ton excavator industry from low activity levels. Latin America continued to grow in the quarter but below expectations, while management expects full-year growth.

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