Caterpillar (CAT) is withdrawing its financial outlook for 2020
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Caterpillar Announces Updates and Response to COVID-19 and Global Business Conditions
March 26, 2020 8:30 AM EDTDEERFIELD, Ill., March 26, 2020 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) is providing a business update regarding the COVID-19 pandemic.
The continued spread of the COVID-19 pandemic is starting to impact Caterpillar's supply chain, a possibility the company disclosed in its risk factors included in the company's Form 10-K filed on February 19, 2020. The company is monitoring the situation closely and supply chain teams have been executing business continuity plans, which include, but are not limited to, being alert to potential short supply situations, and, if necessary, utilizing alternative sources and/or air freight,... More
