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Caterpillar Inc (CAT)

CAT on New York Consolidated

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24 Feb 2017
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Latest Key Developments (Source: Significant Developments)

Continental and Caterpillar Inc. sign agreement to equip CAT Off-Highway-Trucks
Wednesday, 22 Feb 2017 04:16am EST 

Continental AG :Continental and Caterpillar Inc. have signed an agreement to equip CAT Off-Highway-Trucks (model series 770 to 775) with Continental RDT-Master tires in sizes 18.00R33, 21.00R33 and 24.00R35.  Full Article

Caterpillar's law public policy executive VP retires
Thursday, 9 Feb 2017 09:00am EST 

Caterpillar Inc - : Caterpillar announces executive officer retirement .Law and public policy executive vice president Jim Buda is retiring.  Full Article

Caterpillar to establish global headquarters in Chicago area
Tuesday, 31 Jan 2017 09:39am EST 

Caterpillar Inc : Caterpillar to establish global headquarters in Chicago area . Says current headquarters building will continue to be used for Caterpillar offices . As result of continuing challenging market conditions, caterpillar will not build previously announced headquarters complex in Peoria . Says "a limited number of senior executives will move into leased office space beginning in 2017" .Once new location is fully operational, co expects about 300 employees to be based there, including some positions relocated from Peoria.  Full Article

Cat Financial posts Q4 profit of $85 mln, down 25 pct
Thursday, 26 Jan 2017 07:31am EST 

Caterpillar Financial: Reported fourth-quarter 2016 revenues of $642 million, a decrease of $6 million, or 1 percent . Fourth-quarter 2016 revenues of $642 million, a decrease of $6 million, or 1 percent, compared with Q4 of 2015 .Fourth-quarter 2016 profit was $85 million, a $29 million, or 25 percent, decrease from Q4 of 2015.  Full Article

Caterpillar reports Q4 loss per share $2.00
Thursday, 26 Jan 2017 07:30am EST 

Caterpillar Inc : Caterpillar reports 2016 fourth-quarter and full-year financial results; provides outlook for 2017 . Q4 loss per share $2.00 . Q4 adjusted earnings per share $0.83 . Q4 sales $9.6 billion versus I/B/E/S view $9.84 billion . Q4 earnings per share view $0.66 -- Thomson Reuters I/B/E/S . Sees FY 2017 adjusted earnings per share about $2.90 excluding items . Sees FY 2017 earnings per share about $2.30 . Says current outlook for sales and revenues in 2017 is a range of $36 billion to $39 billion with a midpoint of $37.5 billion . Says expect 2017 profit per share of about $2.30 at midpoint of sales and revenues outlook range . Says excluding restructuring costs of about $500 million, we expect 2017 adjusted profit of about $2.90 per share at midpoint . FY2017 earnings per share view $3.04 -- Thomson Reuters I/B/E/S . Outlook range reflects an expectation that dealers will not reduce inventories in 2017 as much as they did in 2016. . Caterpillar inventory declined about $900 million during Q4 of 2016 . At end of 2016, past dues at CAT Financial were 2.38 percent, compared with 2.14 percent at end of 2015 . As of December 31, 2016, CAT Financial's allowance for credit losses totaled $343 million, compared with $338 million at year-end 2015 . Dealer machine and engine inventories decreased about $800 million in Q4 of 2016, compared with a decrease of about $1.0 billion in Q4 of 2015.  Full Article

Caterpillar says world dealer rolling 3 month retail sales statistics of machines for period ended Nov 2016 down 17 percent
Tuesday, 20 Dec 2016 09:36am EST 

Caterpillar Inc : World dealer rolling 3 month retail sales statistics of machines for period ended Nov 2016 down 17 percent . North America dealer reported retail sales statistics of machines for 3-month rolling period ended November 2016 down 19 percent .Asia/Pacific dealer reported retail sales statistics of machines for 3-month rolling period ended November 2016 up 11 percent.  Full Article

Moody's downgrades Caterpillar ratings to A3/Prime-2
Tuesday, 13 Dec 2016 03:15pm EST 

Moody's Investors Service : Moody's downgrades Caterpillar ratings to A3/Prime-2; outlook is stable. .Do not anticipate any meaningful recovery in cat's markets until 2018.  Full Article

Fitch revises Caterpillar's rating outlook to negative affirms IDR at 'A'
Thursday, 8 Dec 2016 03:38pm EST 

Fitch Ratings: Fitch revises Caterpillar's rating outlook to negative; affirms IDR at 'A' . Revision to negative reflects impact of extended downturn in CAT's machinery markets .Expects credit metrics may not improve until after 2017, a year later than originally expected.  Full Article

Caterpillar calls market estimate for its 2017 profit "too optimistic"
Thursday, 1 Dec 2016 11:42am EST 

Caterpillar Inc : Caterpillar - "encouraged by potential of U.S. infrastructure bill, tax reform, smart regulation, commodity prices and the recent OPEC announcement" . On track for over $2 billion of period and variable cost reduction for the FY 2016 . FY 2017 Thomson First Call consensus estimates of EPS of $3.25 on $38 billion sales is "too optimistic considering expected headwinds" . Thomson First Call consensus estimate of $38 billion in FY 2017 sales and revenue is "reasonable midpoint expectation" . FY2017 earnings per share view $3.25, revenue view $38.13 billion -- Thomson Reuters I/B/E/S . Oil prices remain "volatile and not high enough to drive substantial investment" in 2017 . 2017 outlook for construction in China "generally positive" but dependent on continued government support for growth . Economic growth in Europe, and impact of Brexit on growth is a concern .Potential infrastructure bill in U.S. a positive, but little impact expected in 2017.  Full Article

Caterpillar and Trimble to expand mining technology collaboration
Friday, 4 Nov 2016 06:30am EDT 

Caterpillar Inc: Caterpillar and Trimble to expand mining technology collaboration . Caterpillar Inc - companies have signed an agreement that outlines areas for increased engagement to begin in early 2017 .Caterpillar - expanded collaboration in mining to include product integration, development, marketing, distribution, support of Trimble connected mine solutions.  Full Article

More From Around the Web

BRIEF-Caterpillar Group President de Lange buys 1,000 shares of common stock on Feb 21

* Caterpillar Inc Group President Bob de Lange reports purchase of 1,000 shares of co's common stock on Feb 21 at $99.32/ earnings per share - SEC Filing Source text (http://bit.ly/2lARnwr) Further company coverage: