BRIEF-Caterpillar Says Freight Cost Has Stabilised, Expects Input Costs To Be Lower
Caterpillar Inc: * SAYS FREIGHT COST HAS STABILISED, EXPECTS INPUT COSTS TO BE LOWER GOING FORWARD- CONF. CALL
* SAYS YEAR-TO-DATE RESTRUCTURING CHARGES ARE $158 MILLION- CONF. CALL * SAYS DON'T EXPECT RESTRUCTURING COSTS TO RECUR AT THESE LEVELS IN SECOND HALF- CONF. CALL
* EXPECTS 2019 DEALER INVENTORIES TO INCREASE BY ABOUT $900 MILLION DRIVEN BY CONSTRUCTION INDUSTRIES AND RESOURCE INDUSTRIES- CONF. CALL * SAYS STILL EXPECT TARIFFS TO COST $250 MILLION TO $350 MILLION IN 2019- CONF. CALL
* EXPECTS SHORT-TERM INCENTIVE COMPENSATION TO BE A TAILWIND OF ABOUT $600 MILLION IN 2019, PROJECTS CAPEX OF ABOUT $1.3 BILLION IN 2019 Source text for Eikon: [https://bit.ly/2Yq1U3c] Further company coverage:
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