Key Developments: Caterpillar Inc (CAT)

CAT on New York Consolidated

12 Feb 2016
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Latest Key Developments (Source: Significant Developments)

Caterpillar Inc reaffirms FY 2015 EPS guidance; lowers FY 2015 revenue guidance
Thursday, 23 Jul 2015 07:30am EDT 

Caterpillar Inc:Says FY 2015 outlook for profit per share (EPS) is unchanged at $4.70, or $5.00 excluding restructuring costs.Says outlook for FY 2015 sales and revenues is about $49 billion, which is down $1 billion from the previous outlook.FY 2015 EPS of $4.97 and revenue of $49 billion -Thomson Reuters I/B/E/S.  Full Article

Caterpillar Inc will lay off workers due to mining sector slump - Reuters
Monday, 22 Jun 2015 03:51pm EDT 

Caterpillar Inc:Says lay off another 50 workers at its East Peoria, Illinois campus on June 22nd because of a downturn in demand for mining equipment - Reuters.  Full Article

Caterpillar and Modustri to collaborate on equipment monitoring technology
Thursday, 18 Jun 2015 08:58am EDT 

Caterpillar Inc:Says it has entered into a strategic alliance with Modustri.  Full Article

Caterpillar Inc says 10 percent increase in dividend rate
Wednesday, 10 Jun 2015 12:17pm EDT 

Caterpillar Inc:Increases quarterly cash dividend by 10 percent to $0.77 per share of common stock.Payable Aug. 20 to stockholders of record date as on July 20.  Full Article

Caterpillar Inc Signs Strategic Alliance with First Solar Inc
Thursday, 30 Apr 2015 04:30pm EDT 

Caterpillar Inc and First Solar Inc:Says strategic alliance to develop an integrated photovoltaic (PV) solar solution for microgrid applications.Under the agreement, First Solar will design and manufacture a pre-engineered turnkey package for use in remote microgrid applications, such as small communities and mine sites.Says package will feature Cat-branded solar panels manufactured by First Solar and will include a balance of system components.Says Caterpillar will exclusively sell and support the integrated solution featuring Cat-branded solar panels through its worldwide Cat dealer network, along with its current offerings of generator sets and energy storage.  Full Article

Caterpillar Inc reaffirms FY 2015 revenue guidance and raises FY 2015 EPS guidance; gives 2015 quarterly guidance
Thursday, 23 Apr 2015 07:30am EDT 

Caterpillar Inc:Reaffirms FY 2015 revenue guidance of about $50 bln.Expects FY 2015 profit per share to be $4.70, or $5.00 per share excluding restructuring costs.Previous outlook for profit per share was $4.60, or $4.75 excluding restructuring costs.Expects sales and profit in each of the remaining three quarters of 2015 to be lower than the first quarter.FY 2015 revenue of $49.537 bln and EPS of $4.67 -Thomson Reuters I/B/E/S.Q2 2015 revenue of $13 bln and EPS of $1.40 - Thomson Reuters I/B/E/S.Q3 2015 revenue of $11.898 bln and EPS of $1.10- Thomson Reuters I/B/E/S.Q4 2015 revenue of $12.039 bln and EPS of $0.84 - Thomson Reuters I/B/E/S.  Full Article

Caterpillar Inc announces new analytics & innovation division
Friday, 10 Apr 2015 11:00am EDT 

Caterpillar Inc:Saysformation of a new division, Analytics & Innovation, which will be led by Caterpillar Vice President Greg Folley.  Full Article

Caterpillar Inc maintains dividend rate
Wednesday, 8 Apr 2015 01:00pm EDT 

Caterpillar Inc:Voted to maintain the quarterly cash dividend of $0.70 per share of common stock, payable May 20, 2015.Paid to stockholders of record at the close of business on April 20, 2015.  Full Article

Caterpillar Inc says US is investigating its movement of cash - AP
Tuesday, 17 Feb 2015 07:00pm EST 

Caterpillar Inc:The U.S. government is investigating how Caterpillar has been moving cash between its business units in the U.S. and overseas - The Associated Press.It received a grand jury subpoena from the U.S. District Court for the Central District of Illinois on Jan. 8 that asked for financial information related to undistributed profits of non-U.S. subsidiaries and cash movements.The company disclosed the investigation in a filing with the U.S. Securities and Exchange Commission.Separately, the SEC told Caterpillar in September that it was conducting an 'informal investigation' of the company’s affiliate in Switzerland called Caterpillar SARL.There has previously been criticism of Caterpillar’s tax strategy related to Caterpillar SARL.Last year, a congressional report said that the Peoria, the company avoided paying $2.4 billion in U.S. taxes since 2000 by shifting profits overseas.It said Caterpillar was using the Swiss affiliate to transfer the rights to profits from its parts business in order to avoid taxes.  Full Article

Caterpillar Inc. gives FY 2015 sales and revenues guidance below analyst's estimates
Tuesday, 27 Jan 2015 07:30am EST 

Caterpillar Inc:Expects FY 2015 sales and revenues to be about $50 bln.Expects FY 2015 Profit of about $4.60 per share, or $4.75 per share excluding restructuring costs.FY 2015 revenue of $55 billion - Thomson Reuters I/B/E/S.  Full Article


Caterpillar fourth-quarter results take hit but outlook lifts stock

CHICAGO Caterpillar Inc on Thursday reported results that showed a continued slump across most of its businesses, but forecast earnings above estimates for 2016, sending shares up nearly 3 percent.

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