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Caterpillar Inc (CAT)

CAT on New York Consolidated

93.33USD
18 Jan 2017
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Latest Key Developments (Source: Significant Developments)

Caterpillar Inc maintains dividend rate
Wednesday, 14 Oct 2015 02:15pm EDT 

Caterpillar Inc:Says Board of Directors voted to maintain the quarterly cash dividend of $0.77 per share of common stock.Payable Nov. 20, to stockholders of record at the close of business on Oct. 26.  Full Article

Caterpillar Inc announces new organizational structure for mining and customer and dealer-facing divisions
Thursday, 24 Sep 2015 09:15am EDT 

Caterpillar Inc:Announced a reorganization in its dealer and customer support divisions.Says the Surface Mining sales and support teams will join the Hauling & Extraction Division.Placing added executive office emphasis on three strategic initiatives - data analytics, digital and innovation capabilities.Says moves will be effective Nov. 1.Underground mining sales,support teams to join material handling and underground division.Says the Global Construction & Infrastructure Division, led by Vice President Paolo Fellin, has added responsibilities.Surface Mining & Technology division will be led by Caterpillar Vice President Tom Bluth.  Full Article

Caterpillar Inc lowers FY 2015 revenue guidance; gives FY 2016 revenue guidance; sees total possible workforce reduction of more than 10,000 people
Thursday, 24 Sep 2015 09:00am EDT 

Caterpillar Inc:Once fully implemented, plans expected to reduce annual costs by about $1.5 billion.For 2015, the company's sales and revenues outlook has weakened.Says for 2016, sales and revenues are expected to be about 5 percent below 2015.Sees 2015 sales and revenues now expected to be about $48 billion.For 2015, sales and revenues outlook has weakened, with 2015 sales and revenues now expected to be about $48 billion.Decline in the sales outlook and higher restructuring costs as a result of thursday's announcement will be negative for profit.Expected permanent reduction in salaried, management workforce, including agency, of 4,000 - 5,000 people between now and the end of 2016.Says pre-tax costs associated with actions are expected to be about $2 billion.Contemplating restructuring actions that could impact more than 20 facilities around the world.Sees a total possible workforce reduction of more than 10,000 people.Sees contemplated consolidation and closures of manufacturing facilities occurring through 2018.Says the $1 billion decline is expected to impact both the third and fourth quarters of 2015.Will offer a voluntary retirement enhancement program for qualifying employees, which will be completed by the end of 2015.Expect that about half of the cost reduction expected from the restructuring actions will be effective in 2016.FY 2015 revenue of $48.82 billion -- Thomson Reuters I/B/E/S.  Full Article

Seeing Machines and Caterpillar sign global agreement for product development, licensing and distribution
Monday, 14 Sep 2015 08:30am EDT 

Caterpillar Inc:Announces that it has signed a global product development, licensing and distribution agreement with Caterpillar Inc., as the final phase of the alliance between the two companies announced in May 2013.Says under this new agreement, Caterpillar will take over responsibility for manufacturing, marketing and sales of Seeing Machines' existing DSS rugged off-road product. In addition, Seeing Machines and Caterpillar will work together to develop new innovative products.  Full Article

Caterpillar Inc planning to cut 300 Peoria jobs - Chicago Tribune Company
Wednesday, 26 Aug 2015 04:45pm EDT 

Caterpillar Inc:It will lay off about 475 people, including about 300 in the Peoria area - Chicago Tribune Company.It is consolidating several units within its customer services support division - Chicago Tribune Company.  Full Article

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

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