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Caterpillar Inc (CAT)

CAT on New York Consolidated

113.60USD
18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Caterpillar posts 12 pct rise in world machines retail sales for 3-mnth rolling period ended July
9:21am 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

Caterpillar ‍now expects to incur about $1.2 billion of restructuring costs in 2017​
Tuesday, 25 Jul 2017 07:30am EDT 

July 25 (Reuters) - Caterpillar Inc ::Caterpillar reports second-quarter 2017 results.Q2 earnings per share $1.35.Q2 sales $11.33 billion versus I/B/E/S view $10.93 billion.Q2 earnings per share view $1.26 -- Thomson Reuters I/B/E/S.Sees FY 2017 adjusted earnings per share about $5.00.Q2 adjusted earnings per share $1.49 excluding items.Sees FY 2017 earnings per share about $3.50.Caterpillar Inc - ‍now expects to incur about $1.2 billion of restructuring costs in 2017​.Caterpillar Inc - at end of Q2 of 2017, past dues at cat financial were 2.71 percent, compared with 2.93 percent at end of Q2 of 2016.FY2017 earnings per share view $4.32 -- Thomson Reuters I/B/E/S.Caterpillar Inc - ‍restructuring costs of $169 million in q2 of 2017 were primarily related to programs in resource industries and energy & transportation​.Caterpillar - ‍worldwide, full-time employment was about 94,800 at end of Q2 , a decrease of about 5,200 full-time employees from end of Q2 of 2016​.Caterpillar Inc- "‍as a result of increased demand across many end markets and disciplined cost control, Caterpillar is raising its 2017 Outlook"​.Caterpillar - ‍second-quarter restructuring costs included lifo inventory decrement benefit of $33 million related to closure of Gosselies, Belgium, facility​.Caterpillar Inc - as of June 30, 2017, cat financial's allowance for credit losses totaled $338 million compared with $346 million last year.  Full Article

Caterpillar names Cheryl Johnson chief human resources officer
Monday, 17 Jul 2017 04:00pm EDT 

July 17 (Reuters) - Caterpillar Inc :Caterpillar names Chief Human Resources Officer; position will report directly to CEO and be a member of executive office.Caterpillar - ‍appointed Cheryl H. Johnson as company's chief human resources officer effective july 24, 2017​.Caterpillar - ‍most recently, Johnson was executive vice president of human resources for Textron Inc​.Board of directors has appointed Cheryl H. Johnson as company's chief human resources officer effective July 24, 2017.  Full Article

BRIEF-Caterpillar names Suzette Long as general counsel and corporate secretary

* Caterpillar Inc - Board of directors has appointed Suzette M. Long as company's general counsel and corporate secretary Source text for Eikon: Further company coverage: