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Caterpillar Inc (CAT)

CAT on New York Consolidated

124.43USD
22 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Caterpillar says CEO's 2016 compensation was $15.5 mln
Wednesday, 26 Apr 2017 04:28pm EDT 

April 26 (Reuters) - Caterpillar Inc ::Caterpillar Inc - CEO Douglas Oberhelman's total compensation for 2016 was $15.5 million versus $17.9 million in 2015 - sec filing.  Full Article

Cat Financial Q1 revenue of $662 mln, increase of 3 pct, compared with Q1 of 2016
Tuesday, 25 Apr 2017 07:31am EDT 

April 25 (Reuters) - Cat Financial: :Cat Financial - reported first-quarter 2017 revenues of $662 million, an increase of $19 million, or 3 percent, compared with Q1 of 2016.Cat financial - profit before income taxes was $167 million for Q1 of 2017, compared with $145 million for q1 of 2016.Cat Financial says as of march 31, 2017, allowance for credit losses totaled $346 million, compared with $340 million.  Full Article

Caterpillar reports Q1 earnings of $0.32 per share
Tuesday, 25 Apr 2017 07:30am EDT 

April 25 (Reuters) - Caterpillar Inc ::Caterpillar reports first-quarter 2017 results.Q1 earnings per share $0.32.Q1 sales $9.822 billion versus I/B/E/S view $9.11 billion.Q1 earnings per share $1.28 excluding items.Q1 earnings per share view $0.59 -- Thomson Reuters I/B/E/S.Says current sales and revenues outlook for FY 2017 is now a range of $38 billion to $41 billion with a midpoint of $39.5 billion.Sees FY 2017 earnings per share about $2.10.Says for full year of 2017, Caterpillar expects profit per share of about $2.10 at midpoint of sales and revenues outlook range.Says restructuring costs expected in 2017 significantly higher than prior outlook primarily due to ongoing manufacturing facility consolidations.Says during Q1 of 2017, co incurred $752 million of restructuring costs.Says dealer machine and engine inventories increased about $200 million in Q1 of 2017, compared to an increase of about $300 million in Q1 of 2016.Says as of March 31, 2017, Cat Financial's allowance for credit losses totaled $346 million compared with $340 million at March 31, 2016.Says at end of Q1 of 2017, past dues at Cat Financial were 2.64 percent, compared with 2.78 percent at end of Q1 of 2016.Says restructuring costs expected in 2017 are significantly higher than prior outlook primarily due to ongoing manufacturing facility consolidations.Says Caterpillar worldwide, full-time employment was about 95,300 at end of Q1 of 2017, compared with about 101,400 at end of Q1 of 2016.  Full Article

Caterpillar posts Q1 adj. earnings per share $1.28
Tuesday, 25 Apr 2017 07:30am EDT 

April 25 (Reuters) - Caterpillar Inc :Caterpillar reports first-quarter 2017 results.Q1 earnings per share $0.32.Q1 sales $9.822 billion versus I/B/E/S view $9.11 billion.Q1 earnings per share view $0.59 -- Thomson Reuters I/B/E/S.Sees FY 2017 earnings per share about $2.10.Q1 earnings per share $1.28 excluding items.Caterpillar Inc - at end of Q1 of 2017, past dues at CAT financial were 2.64 percent, compared with 2.78 percent at end of q1 of 2016.Caterpillar Inc - for full year of 2017, Caterpillar expects profit per share of about $2.10 at midpoint of sales and revenues outlook range.Caterpillar - restructuring costs expected in 2017 significantly higher than prior outlook primarily due to ongoing manufacturing facility consolidations.Caterpillar Inc - during Q1 of 2017, we incurred $752 million of restructuring costs.Caterpillar Inc - dealer machine and engine inventories increased about $200 million in Q1 of 2017, compared to an increase of about $300 million in Q1 of 2016.Caterpillar Inc - as of March 31, 2017, CAT financial's allowance for credit losses totaled $346 million compared with $340 million at march 31, 2016.Caterpillar says as a result of a stronger than expected start to year, company's expectations for full-year 2017 sales and revenues have increased.Says current sales and revenues outlook is now a range of $38 billion to $41 billion with a midpoint of $39.5 billion.  Full Article

Caterpillar selects Deerfield, Illinois for new global headquarters
Wednesday, 19 Apr 2017 05:00pm EDT 

April 19 (Reuters) - Caterpillar Inc ::Caterpillar names Deerfield, Illinois, as new global headquarters.Company expects about 100 employees to relocate this year, with about 300 people in new headquarters when fully operational in mid-2018.  Full Article

Sigma Labs wins contract with Solar Turbines Incorporated
Tuesday, 18 Apr 2017 08:00am EDT 

April 18 (Reuters) - Sigma Labs Inc :Sigma labs wins contract with solar turbines incorporated.Sigma labs inc - announced that it has received a contract from solar turbines incorporated, a subsidiary of caterpillar inc..Sigma labs inc - sigma labs will initially install its printrite3d software on a 3d systems' prox300 machine.Sigma labs - solar turbines to implement sigma labs' in-process quality assurance™ (ipqa®) technology for production of gas turbine components.  Full Article

Caterpillar to move machine production out of Aurora facility into other U.S. manufacturing facilities
Friday, 31 Mar 2017 07:26pm EDT 

Caterpillar Inc : Finalized decision to move machine production out of its Aurora, Illinois, facility into other U.S. manufacturing facilities . Large wheel loaders and compactor production will be moved to the company's Decatur, Illinois, plant . Medium wheel loader production line will be moved to the North Little Rock, Arkansas, plant Further company coverage: [CAT.N] ((Bangalore.newsroom@thomsonreuters.com ;)).  Full Article

Caterpillar says the IRS has challenged co's taxes for years 2007 – 2012
Friday, 10 Mar 2017 01:41pm EST 

Caterpillar Inc : Caterpillar says the IRS has challenged Caterpillar’S taxes for years 2007 – 2012 . "We disagree with the IRS’ position, have cooperated for requests for information" . "Believe that we are compliant with tax laws and stand by our financial reporting" . "Company was not contacted by the government nor the author prior to the report being obtained by the media" Further company coverage: [CAT.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Caterpillar and Trimble partners to bring on-highway telematics to construction operations
Wednesday, 8 Mar 2017 06:32am EST 

Caterpillar Inc - :Trimble , co are partnering to bring on-highway telematics to construction operations.  Full Article

Caterpillar continues to cooperate with law enforcement
Thursday, 2 Mar 2017 04:22pm EST 

Caterpillar Inc : Caterpillar continues to cooperate with law enforcement . Says law enforcement authorities entered 3 peoria-area caterpillar facilities to execute a search and seizure warrant . Caterpillar inc says the warrant is focused on collection of documents and electronic information .Caterpillar - believe execution of search warrant regarding export filings related to csarl matter first disclosed in form 10-k filed on feb 17, 2015.  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