“Overall, we expect to end the year with dealer inventory on the CI side about flattish and comfortably within the typical range that we talk about in three to four months.”

How to check this claim

Look at: Construction Industries (CI) dealer inventory level, measured in months of supply and change versus prior year-end

It came true if: CI dealer inventory at year-end 2024 roughly flat versus year-end 2023 AND within the 3-4 month supply range

Where: management commentary on Q4 2024 earnings call / CAT investor presentation on dealer statistics

Verify independently

SEC filings for CAT ↗ · Claim quote is verbatim from the 2024Q2 earnings call.