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{"source_url": "https://www.lincolncourier.com", "url": "https://www.lincolncourier.com/news/20200101/caterpillar-roundup-according-to-new-report-cost-cutting-could-pay-off?rssfeed=true", "title": "Caterpillar roundup: According to new report, cost cutting could pay off", "top_image": "https://www.lincolncourier.com/storyimage/LS/20200101/NEWS/200109992/AR/0/AR-200109992.jpg", "meta_img": "https://www.lincolncourier.com/storyimage/LS/20200101/NEWS/200109992/AR/0/AR-200109992.jpg", "images": ["https://www.lincolncourier.com/storyimage/LS/20200101/NEWS/200109992/AR/0/AR-200109992.jpg&MaxH=200&MaxW=200", "https://www.lincolncourier.com/storyimage/LS/20200101/NEWS/200109992/AR/0/AR-200109992.jpg", "https://www.lincolncourier.com/Global/images/head/nameplate/il-lincoln_logo.png", "http://b.scorecardresearch.com/p?c1=2&c2=9289482&cv=2.0&cj=1", "https://api.pymx5.com/v1/sites/track?event_type=PAGE_VIEW&noscript=1"], "movies": [], "text": "It appears that Caterpillar\u2019s cost cutting will have some benefits in the new year, at least according to one report.\n\nZack\u2019s Equity Research reports that although the company projects lower sales than last year, some of the more recent efforts to save will eventually pay off.\n\nCaterpillar has taken steps to reduce production to match dealer demand and will proactively increase production once order levels improve, according to the report.\n\nThis report comes after a rough stretch for the company. Retail sales for the three months ending in November remained stagnant, the worst three month stretch in 2019. According to the report, Caterpillar\u2019s 2019 sales growth was confined in the single-digit territory this year, numbers that haven\u2019t been seen since 2017.\n\nIn addition to the retail sales numbers, Caterpillar\u2019s order backlog came in at $14.6 billion, reflecting a sequential drop of $400 million, according to the report.\n\nFortunately for the company, according to the report, a 2015 focus on restructuring and cost cutting may begin to pay dividends soon. The initiative, which focuses on developing a more flexible and competitive cost structure and controlling discretionary spending, is expected to lower annual operating costs by about $1.5 billion, according to the report.", "keywords": [], "meta_keywords": [""], "tags": [], "authors": ["Montana Samuels", "Pekin Daily Times"], "publish_date": "Wed Jan 1 00:00:00 2020", "summary": "", "article_html": "", "meta_description": "It appears that Caterpillar\u2019s cost cutting will have some benefits in the new year, at least according to one report. Zack\u2019s Equity Research reports that although the company projects lower sales than last year, some of the more recent efforts to save will eventually pay off. Caterpillar has taken steps to reduce production to match dealer demand and will proactively increase production once order levels improve, according to the report. This report comes after a rough stretch for", "meta_lang": "en", "meta_favicon": "", "meta_data": {"viewport": "width=device-width, initial-scale=1.0", "og": {"site_name": "Lincoln Courier", "title": "Caterpillar roundup: According to new report, cost cutting could pay off", "description": "It appears that Caterpillar\u2019s cost cutting will have some benefits in the new year, at least according to one report. Zack\u2019s Equity Research", "image": {"identifier": "https://www.lincolncourier.com/storyimage/LS/20200101/NEWS/200109992/AR/0/AR-200109992.jpg", "width": 1160, "height": 772}, "type": "article"}, "msvalidate.01": "7E15F9269E2CE66F2A488ABB04B5015E", "description": "It appears that Caterpillar\u2019s cost cutting will have some benefits in the new year, at least according to one report. Zack\u2019s Equity Research reports that although the company projects lower sales than last year, some of the more recent efforts to save will eventually pay off. Caterpillar has taken steps to reduce production to match dealer demand and will proactively increase production once order levels improve, according to the report. This report comes after a rough stretch for", "bt": {"pubDate": "20200101T15:23:45Z", "modDate": "20200101T15:23:00Z", "author": "Montana Samuels, Pekin Daily Times"}, "twitter": {"title": "Caterpillar roundup: According to new report, cost cutting could pay off", "description": "It appears that Caterpillar\u2019s cost cutting will have some benefits in the new year, at least according to one report. Zack\u2019s Equity Research reports that although the company projects lower sales than last year, some of the more recent efforts to save will eventually pay off. Caterpillar has taken steps to reduce production to match dealer demand and will proactively increase production once order levels improve, according to the report. 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