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EPOKY - COVID-19 Brings Komatsu Back To More Reasonable Levels
Epiroc Aktiebolag ADR
There are ample concerns about both the construction and mining end-markets now, and that can be seen in Komatsu's (KMTUY) 20% year-to-date share price decline, a decline more or less on par with Caterpillar (CAT) but worse than Epiroc's (EPOKY) performance over the period. Although construction and mining activity has held up reasonably well, major customers are far more cautious on capital spending now, and that is likely to push Komatsu's revenue, margins, and cash flows down in fiscal 2021.