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Caterpillar Inc (CAT)

CAT on New York Consolidated

124.74USD
19 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Caterpillar says co entered credit agreement which provides for unsecured revolving credit facility
Tuesday, 12 Sep 2017 05:20pm EDT 

Sept 13 (Reuters) - Caterpillar Inc :Caterpillar says on Sept 7, co entered credit agreement, which provides for unsecured revolving credit facility of up to $3.15 billion - SEC filing.Caterpillar says three year facility amendment extends expiration date of 2015 three-year facility to September 8, 2020.Caterpillar says the five-year facility amendment extends the expiration date of the 2015 five-year facility to September 8, 2022.Caterpillar Inc - ‍364-day facility replaces Caterpillar's prior 364-day facility, which was entered into on September 8, 2016​.Caterpillar - On Sept 8, co entered omnibus amendment no. 2 to amended credit agreement, amendment no. 2 to Japan local currency addendum, each dated Sept 8.  Full Article

Caterpillar expects ME&T capex of about $1 bln to $1.5 bln per year going forward
Tuesday, 12 Sep 2017 11:24am EDT 

Sept 12 (Reuters) - Caterpillar Inc ::Says going forward, expect ME&T capex to be about $1.0 billion - $1.5 billion per year - Investor Presentation‍​.Sees 2017 adjusted operating margin of 10.9 percent versus 8.0 percent reported in 2016.Says offshore spending is expected to continue its decline in 2017.  Full Article

Caterpillar posts 12 pct rise in world machines retail sales for 3-mnth rolling period ended July
Friday, 18 Aug 2017 09:21am EDT 

Aug 18 (Reuters) - Caterpillar Inc :Caterpillar Inc says world machines retail sales for 3-month rolling period ended July, up 12 pct‍​.Caterpillar Inc says Asia/Pacific machines retail sales for 3-month rolling period ended July, ‍​up 45 percent.Caterpillar Inc says North America machines retail sales for 3-month rolling period ended July up 4 pct‍​.Latin America machines retail sales for 3-month rolling period ended July up 10 pct‍​.  Full Article

Former U.S. Senator Kelly Ayotte to join Caterpillar Board of Directors
Thursday, 10 Aug 2017 09:00am EDT 

Aug 10 (Reuters) - Caterpillar Inc :Former U.S. Senator Kelly Ayotte to join Caterpillar Board of directors.Caterpillar Inc - Board of directors has elected Kelly Ayotte as a member effective immediately​.Caterpillar Inc - ‍Ayotte joins 13 other members on Caterpillar's board and will be a member of Public Policy & Governance Committee of Board​.  Full Article

Gorman-Rupp introduces Riggs Rental as its newest rental customer
Thursday, 3 Aug 2017 08:45am EDT 

Aug 3 (Reuters) - Gorman-rupp Co :Introducing Riggs Rental as co's newest rental customer.Riggs has also agreed to become Gorman-Rupp construction and agricultural equipment distributor for entire state of Arkansas.Riggs Rental is a division of Riggs CAT, which became a CAT dealer in 1927.  Full Article

Caterpillar says director William Osborn reports sale of 5,000 shares of co's common stock at average price of $113.67per share on July 28 - SEC FILING
Tuesday, 1 Aug 2017 04:37pm EDT 

Aug 1 (Reuters) - Caterpillar Inc :Caterpillar says director William Osborn reports sale of 5,000 shares of co's common stock at average price of $113.67per share on july 28 - SEC filing.  Full Article

Caterpillar CFO will receive cash payment of $2.6 mln after retirement
Tuesday, 1 Aug 2017 12:23pm EDT 

Aug 1 (Reuters) - Caterpillar Inc ::CFO Bradley Halverson will receive cash payment of $2.6 million payable as soon as practicable after his retirement - SEC filing.  Full Article

Caterpillar CFO Brad Halverson to retire in 2018
Tuesday, 1 Aug 2017 07:00am EDT 

Aug 1 (Reuters) - Caterpillar Inc :Says company to launch external search for new CFO.Caterpillar group president and chief financial officer Brad Halverson to retire in 2018; company to launch external search for new cfo.Says Halverson's decision to continue working into early 2018 will help ensure a smooth transition for CFO position.  Full Article

Caterpillar expects some headwinds to profitability in 2H - Conf Call
Tuesday, 25 Jul 2017 12:00pm EDT 

July 25 (Reuters) - Caterpillar Inc :Caterpillar expects higher steel costs to pressure material cost in 2H - Conference Call.Caterpillar expects construction industries sales for 2017 to be up 10-15 percent, up from flat to 5 percent up - Conference Call.Caterpillar expects resources industries sales for 2017 to be up 20-25 percent, up from previous forecast of 10-15 percent increase - Conference Call.Caterpillar expects energy & transportation sales for 2017 to be up 5-10 percent, up from previous forecast of about flat - Conference Call.Caterpillar says order rates were strong in the quarter, with all regions seeing an improvement from a year ago - Conference Call.Caterpillar says while resource industries has started to recover, sales volumes remain at historically low level - Conference Call.Caterpillar expects some price pressure in the back half of the year, especially North America.Caterpillar says U.S. in need of infrastructure investment, passage of federal infrastructure bill would be positive for our country and our business.Caterpillar expects some headwinds to profitability in 2H.Caterpillar expects shipments to North American gas compression customers to be higher in the second half.Caterpillar says seeing healthy demand for mining equipment but off a very low level.  Full Article

CAT financial reports second-quarter 2017 revenues of $676 million
Tuesday, 25 Jul 2017 07:31am EDT 

July 25 (Reuters) - Caterpillar Inc ::CAT Financial says reported second-quarter 2017 revenues of $676 million, an increase of $17 million, or 3 percent, compared with q2 of 2016.CAT Financial says second-quarter 2017 profit was $114 million, a $12 million, or 12 percent, increase from Q2 of 2016.CAT Financial says during Q2, retail new business volume was $2.69 billion, a decrease of $367 million from Q2 of 2016.CAT Financial says as of June 30, 2017, allowance for credit losses totaled $338 million, compared with $346 million at June 30, 2016.  Full Article

BRIEF-Caterpillar says co entered credit agreement which provides for unsecured revolving credit facility

* Caterpillar says on Sept 7, co entered credit agreement, which provides for unsecured revolving credit facility of up to $3.15 billion - SEC filing