MAAT INDEX

CLAIM #13803 · CAT (CAT) · 2026Q1 earnings call · Apr 30, 2026 · due Dec 31, 2026

Overall, the outlook for North America remains positive as sales to users are anticipated to grow versus last year.

Joe Creed · CEO

PENDING
graded after results covering Dec 31, 2026 are reported

How to check this claim

Look at: North America sales to users growth (Construction Industries), full year 2026 vs 2025

It came true if: North America sales to users growth > 0% versus 2025

Where: management commentary on quarterly earnings calls (Construction Industries segment discussion)

In context

t related to cloud computing and generative AI. We continue to see demand for prime power trend higher as data center customers look for alternative power solutions to keep pace with their growth. Oil and gas expect moderate growth for the year. Reciprocating engine sales are expected to increase, driven by strong demand in gas compression applications. Solar turbines oil and gas backlog remains healthy with continued solid order and inquiry activity. As a result, we anticipate another year of strong turbine sales. Services revenues in oil and gas are also expected to increase in the year. Demand for products in industrial applications is projected to grow modestly in 2026. For Construction Industries, we continue to expect full year sales to users growth, supported by strong order rates. Overall, the outlook for North America remains positive as sales to users are anticipated to grow versus last year. Construction spending remains at healthy levels supported by the IIJA with the remaining funds to be spent over the next few years. Also, investment in critical infrastructure programs and data centers is contributing to overall construction spending levels. Dealer rental fleet loading and rental revenue are both projected to increase compared to 2025. In EAME, Europe is expected to remain stable, supported by nonresidential construction and construction activity in Africa is projected to remain strong. While softening in the Middle East is anticipated, as of now, we expect the impact on EAME sales to users to be limited. In Asia/Pacific, outside of China, softer conditions are expected. In China, we anticipate moderate conditions with full year growth in the above 10 ton excavator indust

Verify independently

SEC filings for CAT · Claim quote is verbatim from the 2026Q1 earnings call.