Key Developments: Caterpillar Inc (CAT)

CAT on New York Consolidated

101.41USD
31 Oct 2014
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Latest Key Developments (Source: Significant Developments)

Caterpillar Inc completes $7.5 bln repurchase authorization with $1.7 bln accelerated stock repurchase transaction
Thursday, 30 Jan 2014 09:00am EST 

Caterpillar Inc:Says it has entered into a definitive agreement with Citibank, N.A. to purchase about $1.7 bln of its common stock under an accelerated stock repurchase transaction.Says the repurchase is in addition to the $2 bln of stock repurchased in 2013.Says pursuant to the agreement, Caterpillar expects immediate delivery of about 18 mln shares based on current market prices.  Full Article

Caterpillar Inc expects $1.7 bln of stock repurchase and announces authorization for new $10 bln stock repurchase program
Monday, 27 Jan 2014 07:30am EST 

Caterpillar Inc:Says its intention to repurchase about $1.7 bln of Caterpillar common stock during the Q1 2014.Says this repurchase is expected to complete existing $7.5 bln repurchase authorization that was set to expire on Dec. 31, 2015, which was originally approved by the Board of Directors in 2007.Says this repurchase is in addition to $2 bln that was repurchased in 2013.Says with the expected completion of the current $7.5 bln stock repurchase program, the Board of Directors has approved a new $10 bln stock repurchase program, which will expire on Dec. 31, 2018.  Full Article

Caterpillar Inc gives FY 2014 revenue and charge outlook; EPS outlook above analysts' estimates
Monday, 27 Jan 2014 07:30am EST 

Caterpillar Inc:Sees FY 2014 sales and revenues to be similar to FY 2013 about $56 bln in a range of plus or minus 5 pct.Sees FY 2014 profit outlook excluding restructuring costs is $5.85 per share, and including restructuring costs of $0.55 per share, profit outlook for FY 2014 is $5.30 per share.Sees FY 2014 restructuring charges of about $400 to $500 mln.FY 2014 revenue of $55 bln, EPS of $5.49 - Thomson Reuters I/B/E/S.  Full Article

Caterpillar Inc maintains dividend rate
Wednesday, 11 Dec 2013 10:44am EST 

Caterpillar Inc:Says its Board of Directors voted to maintain the quarterly cash dividend of $0.60 per share of common stock, payable Feb. 20, 2014, to stockholders of record at the close of business on Jan. 21, 2014.  Full Article

Caterpillar Inc delists International Depositary Receipts from Euronext Brussels-NYSE Euronext
Wednesday, 4 Dec 2013 07:00pm EST 

Caterpillar Inc:On request of Caterpillar Inc, Euronext Bussels decided to delist the International Depositary Receipts (IDRs) representing the ordinary shares Caterpillar Inc, issued by Soges-Fiducem, as from Dec. 27-NYSE Euronext.Soges-Fiducem has decided to withdraw the IDRs Caterpillar Inc. from circulation as from Dec. 5 and to stop the issuing of new IDRs Caterpillar Inc.  Full Article

Caterpillar Inc To Close Another Mining Equipment Plant And Lay Off 240 Additional Workers-Reuters
Friday, 15 Nov 2013 05:56pm EST 

Reuters reported that Caterpillar Inc said that it will close another plant and lay off 240 additional workers as it continues to respond to a sharp drop in demand for its earth-moving products from customers in the mining industry. The planned shutdown of the Pulaski, Va. facility, which makes coal haulers and other equipment, is expected to be completed by mid-2014. It is the latest in a series of such closures announced by the Peoria, Ill-based heavy equipment maker.  Full Article

Caterpillar Inc Updates FY 2013 Revenue Guidance To A Range In Line With Analysts' Estimates; Lowers FY 2013 EPS Guidance
Wednesday, 23 Oct 2013 07:30am EDT 

Caterpillar Inc revised its fiscal 2013 outlook and now expects sales and revenues to be about $55 billion, with profit per share of about $5.50. The previous outlook for fiscal 2013 sales and revenues was a range of $56 to $58 billion with profit per share of about $6.50 at the middle of that range. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $56 billion and EPS of $6.2 for fiscal 2013.  Full Article

Caterpillar Inc Maintains Dividend
Wednesday, 9 Oct 2013 11:53am EDT 

Caterpillar Inc announced that the Board of Directors of Caterpillar Inc. voted to maintain the quarterly cash dividend of $0.60 per share of common stock, payable November 20, 2013 to stockholders of record at the close of business October 21, 2013.  Full Article

Caterpillar Inc Announces $1 Billion Accelerated Stock Repurchase Program
Monday, 29 Jul 2013 09:00am EDT 

Caterpillar Inc announced that it has entered into a definitive agreement with Societe Generale to purchase $1 billion of its common stock under an accelerated stock repurchase transaction. In April of 2013, the company announced a similar $1 billion transaction, which was completed in June of 2013. Pursuant to the accelerated stock repurchase agreement, Caterpillar has agreed to repurchase $1 billion of its common stock from Societe Generale, with an immediate delivery of approximately 11 million shares based on current market prices. The final number of shares to be repurchased and the aggregate cost to Caterpillar will be based on Caterpillar's volume-weighted average stock price during the term of the transaction, which is expected to be completed in September of 2013. In February 2007, the Board of Directors authorized the repurchase of $7.5 billion of Caterpillar stock, and in December 2011, the authorization was extended through December 2015. Through the end of the second quarter of 2013, $4.8 billion of the $7.5 billion authorization was spent.  Full Article

Caterpillar Inc Lowers FY 2013 Guidance
Wednesday, 24 Jul 2013 07:30am EDT 

Caterpillar Inc revised its outlook for fiscal 2013 to reflect sales and revenues in a range of $56 to $58 billion, with profit per share (EPS) of about $6.50 at the middle of the sales and revenues outlook range. The previous outlook for fiscal 2013 sales and revenues was a range of $57 to $61 billion, with profit per share (EPS) of about $7.00 at the middle of the sales and revenues outlook range. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $59 billion and EPS of $6.8 for fiscal 2013.  Full Article

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Caterpillar gets SEC subpoena over Bucyrus accounting

- Construction equipment company Caterpillar Inc on Friday said the U.S. Securities and Exchange Commission is investigating how it accounted for its July 2011 purchase of Bucyrus International Inc.

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