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Caterpillar Inc (CAT)

CAT on New York Consolidated

104.63USD
26 Jun 2017
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Latest Key Developments (Source: Significant Developments)

Caterpillar world machines retail sales for 3-month rolling period ended May up 8 percent
Tuesday, 20 Jun 2017 09:15am EDT 

June 20 (Reuters) - Caterpillar Inc :Caterpillar inc says world machines retail sales for 3-month rolling period ended may up 8 percent.Caterpillar inc says north america machines retail sales for 3-month rolling period ended may up 2 percent.Caterpillar inc says asia/pacific machines retail sales for 3-month rolling period ended may up 49 percent.Caterpillar inc says latin america machines retail sales for 3-month rolling period ended may down 15 percent.  Full Article

Caterpillar issues statement on Trump administration's Cuba announcement
Friday, 16 Jun 2017 02:01pm EDT 

June 16 (Reuters) - Caterpillar Inc ::Caterpillar statement on administration's Cuba announcement."Believes that engagement with Cuba continues to represent a strong opportunity - not just for American businesses".  Full Article

Caterpillar announces organizational changes
Thursday, 15 Jun 2017 10:00pm EDT 

June 15 (Reuters) - Caterpillar Inc :Caterpillar announces vice president retirements, appointments and organizational changes.Says three vice presidents, Paolo Fellin, Greg Folley and George Taylor, have elected to retire..Says is also announcing organizational changes, appointing two new vice presidents and launching a search for a third.Chris Snodgrass appointed vice president of product support & logistics division.Damien Giraud appointed vice president of global construction & infrastructure division.  Full Article

Ritchie Bros and Caterpillar launch strategic alliance
Friday, 2 Jun 2017 05:05pm EDT 

June 2 (Reuters) - Ritchie Bros. Auctioneers Inc ::Ritchie Bros. and Caterpillar strategic alliance launches.Ritchie Bros. - ‍under alliance, co will become Caterpillar's preferred global partner for live onsite and online auctions for used cat equipment​.Ritchie Bros. Auctioneers Inc - ‍strategic alliance between Ritchie Bros. and Caterpillar will have an initial five-year term​.Ritchie Bros. Auctioneers Inc - co and caterpillar launched a strategic alliance, originally announced in 2016, following co's acquisition of ironplanet​.  Full Article

Caterpillar world machines retail sales for 3-month rolling period ended April, up 1 pct
Thursday, 18 May 2017 09:09am EDT 

May 18 (Reuters) - Caterpillar Inc :Caterpillar inc says world machines retail sales for 3-month rolling period ended april, up 1 percent.Caterpillar inc says latin america machines retail sales for 3-month rolling period ended april down 30 percent.Caterpillar inc says north america machines retail sales for 3-month rolling period ended april down 7 percent.Caterpillar inc says asia/pacific machines retail sales for 3-month rolling period ended april up 47 percent.  Full Article

Caterpillar-CtW Investment Group urges Caterpillar shareholders to vote against re-election of audit committee members Dickinson, Muilenburg, And Osborn
Wednesday, 17 May 2017 03:42pm EDT 

May 17 (Reuters) - Caterpillar Inc :Caterpillar-CtW Investment Group urges Caterpillar shareholders to vote against re-election of audit committee members Dickinson, Muilenburg, And Osborn.Caterpillar-CtW Investment Group also urges Caterpillar shareholders to vote against shareholder proposal amending company’s clawback policy.  Full Article

Caterpillar Inc updates on investigations
Wednesday, 3 May 2017 12:15pm EDT 

May 3 (Reuters) - Caterpillar Inc :Caterpillar Inc - On Feb 17, co was notified by U.S. SEC that it concluded its investigation relating to co's acquisition of Bucyrus International, related matters.Caterpillar Inc - SEC notified co that it did not intend to recommend an enforcement action against Caterpillar in these matters.Caterpillar - Search and seizure warrants at co's three facilities in March concern both tax and export activities, and related to ongoing grand jury investigation.Caterpillar - Currently believe that the matter will not have material adverse effect on co’s consolidated results of operations, financial position or liquidity.  Full Article

Caterpillar says CEO's 2016 compensation was $15.5 mln
Wednesday, 26 Apr 2017 04:28pm EDT 

April 26 (Reuters) - Caterpillar Inc ::Caterpillar Inc - CEO Douglas Oberhelman's total compensation for 2016 was $15.5 million versus $17.9 million in 2015 - sec filing.  Full Article

Cat Financial Q1 revenue of $662 mln, increase of 3 pct, compared with Q1 of 2016
Tuesday, 25 Apr 2017 07:31am EDT 

April 25 (Reuters) - Cat Financial: :Cat Financial - reported first-quarter 2017 revenues of $662 million, an increase of $19 million, or 3 percent, compared with Q1 of 2016.Cat financial - profit before income taxes was $167 million for Q1 of 2017, compared with $145 million for q1 of 2016.Cat Financial says as of march 31, 2017, allowance for credit losses totaled $346 million, compared with $340 million.  Full Article

Caterpillar reports Q1 earnings of $0.32 per share
Tuesday, 25 Apr 2017 07:30am EDT 

April 25 (Reuters) - Caterpillar Inc ::Caterpillar reports first-quarter 2017 results.Q1 earnings per share $0.32.Q1 sales $9.822 billion versus I/B/E/S view $9.11 billion.Q1 earnings per share $1.28 excluding items.Q1 earnings per share view $0.59 -- Thomson Reuters I/B/E/S.Says current sales and revenues outlook for FY 2017 is now a range of $38 billion to $41 billion with a midpoint of $39.5 billion.Sees FY 2017 earnings per share about $2.10.Says for full year of 2017, Caterpillar expects profit per share of about $2.10 at midpoint of sales and revenues outlook range.Says restructuring costs expected in 2017 significantly higher than prior outlook primarily due to ongoing manufacturing facility consolidations.Says during Q1 of 2017, co incurred $752 million of restructuring costs.Says dealer machine and engine inventories increased about $200 million in Q1 of 2017, compared to an increase of about $300 million in Q1 of 2016.Says as of March 31, 2017, Cat Financial's allowance for credit losses totaled $346 million compared with $340 million at March 31, 2016.Says at end of Q1 of 2017, past dues at Cat Financial were 2.64 percent, compared with 2.78 percent at end of Q1 of 2016.Says restructuring costs expected in 2017 are significantly higher than prior outlook primarily due to ongoing manufacturing facility consolidations.Says Caterpillar worldwide, full-time employment was about 95,300 at end of Q1 of 2017, compared with about 101,400 at end of Q1 of 2016.  Full Article

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