Caterpillar’s Q1 earnings slide as sales drop 10% on dealer inventory shift

CAT Caterpillar earth mover is loaded onto a blue trailer

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Caterpillar (NYSE:CAT) reported a double-digit drop in first-quarter revenue and a sharp pullback in earnings on Wednesday, as lower dealer inventory buildup and softer pricing weighed on performance. Despite the downturn, the company deployed $4.3 billion in dividends and share buybacks during

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