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Caterpillar Inc (CAT)

CAT on New York Consolidated

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16 Oct 2017
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Latest Key Developments (Source: Significant Developments)

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

Caterpillar says Doug Hoerr, vice president of MH&U, to retire
Wednesday, 28 Jun 2017 08:30am EDT 

June 28 (Reuters) - Caterpillar Inc ::Caterpillar announces vice president retirement, appointment of a new vice president and new responsibilities for other vice presidents.Caterpillar - ‍board has appointed a new vice president, and company is also announcing new responsibilities for 3 current vice presidents​.Says ‍announcing changes in responsibilities for current caterpillar vice presidents Tom Bluth, Jean Savage and Karl Weiss​.Caterpillar Inc - Doug Hoerr, Caterpillar vice president of MH&U, has elected to retire from caterpillar.Says ‍Bluth will become Caterpillar's CTO and vice president of innovation & technology development division​.Says Savage will become vice president of SM&T​.Caterpillar Inc - Weiss will become vice president of MH&U, replacing Hoerr.Caterpillar Inc - board of directors has appointed Frederic Istas to position of vice president of earthmoving division.  Full Article

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

BRIEF-Caterpillar maintains dividend rate

* Says ‍Board voted to maintain quarterly cash dividend of seventy-eight cents per share of common stock​ Source text for Eikon: Further company coverage: