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Caterpillar Inc (CAT.N)

CAT.N on New York Stock Exchange

132.84USD
10:24am EST
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$-3.76 (-2.75%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Caterpillar Reports Q3 Adjusted Earnings Per Share $2.86
Tuesday, 23 Oct 2018 07:30am EDT 

Oct 23 (Reuters) - Caterpillar Inc ::CATERPILLAR REPORTS THIRD-QUARTER 2018 RESULTS.Q3 SALES $13.5 BILLION VERSUS I/B/E/S VIEW $13.29 BILLION.Q3 ADJUSTED EARNINGS PER SHARE $2.86.Q3 EARNINGS PER SHARE $2.88.Q3 EARNINGS PER SHARE VIEW $2.85 -- THOMSON REUTERS I/B/E/S.2018 PROFIT PER SHARE OUTLOOK IS A RANGE OF $10.65 TO $11.65.SEES 2018 PROFIT PER SHARE OUTLOOK $10.65 TO $11.65; MAINTAINED ADJUSTED PROFIT PER SHARE OUTLOOK AT $11.00 TO $12.00.AT END OF Q3 OF 2018, PAST DUES AT CAT FINANCIAL WERE 3.47 PERCENT, COMPARED WITH 2.73 PERCENT AT END OF Q3 OF 2017.2018 OUTLOOK FOR ADJUSTED PROFIT PER SHARE EXCLUDES RESTRUCTURING COSTS OF ABOUT $400 MILLION AND NET TAX BENEFIT.DEALER MACHINE AND ENGINE INVENTORIES INCREASED ABOUT $800 MILLION DURING Q3, VERSUS INCREASE OF ABOUT $200 MILLION.AS OF SEPTEMBER 30, 2018 CAT FINANCIAL'S ALLOWANCE FOR CREDIT LOSSES TOTALED $416 MILLION VERSUS $416 MILLION AT JUNE 30, 2018.AT END OF Q3 OF 2018, ORDER BACKLOG WAS $17.3 BILLION, ABOUT $400 MILLION LOWER THAN Q2 OF 2018.IMPACT OF RECENTLY IMPOSED TARIFFS WAS ABOUT $40 MILLION IN Q3 OF 2018.FOR 2018, EXPECT IMPACT OF RECENTLY IMPOSED TARIFFS WILL BE AT LOW END OF PREVIOUSLY PROVIDED RANGE OF $100 MILLION TO $200 MILLION.CATERPILLAR - SEES PRICE REALIZATION, OPERATIONAL EXCELLENCE, COST DISCIPLINE IN Q4 TO MORE THAN OFFSET HIGHER MATERIAL, FREIGHT COSTS, INCLUDING TARIFFS.  Full Article

Finning To Work With Weiler To Expand Relationship As Distributor Of Cat Purpose-Built Forestry Products
Wednesday, 29 Aug 2018 11:49am EDT 

Aug 29 (Reuters) - Finning International Inc ::FINNING TO WORK WITH WEILER TO EXPAND RELATIONSHIP AS DISTRIBUTOR OF CAT® PURPOSE-BUILT FORESTRY PRODUCTS.FINNING INTERNATIONAL - INTENDS TO EXPAND DEALER RELATIONSHIP WITH WEILER AFTER CATERPILLAR TO SELL ITS CAT PURPOSE-BUILT FORESTRY BUSINESS TO WEILER.  Full Article

Caterpillar Says Group President Rob Charter Has Elected To Retire
Monday, 9 Apr 2018 06:30pm EDT 

April 9 (Reuters) - Caterpillar Inc ::CATERPILLAR ANNOUNCES EXECUTIVE OFFICER RETIREMENT.SAYS PRESIDENT ROB CHARTER TO RETIRE.CHARTER'S RETIREMENT WILL BE EFFECTIVE JUNE 1, 2018.GROUP PRESIDENT ROB CHARTER HAS ELECTED TO RETIRE.  Full Article

Codan ‍Enters Licensing, Technology Development & Marketing Agreement With Caterpillar Inc​
Wednesday, 21 Feb 2018 04:51pm EST 

Feb 22 (Reuters) - Codan Ltd ::‍ENTERED INTO GLOBAL LICENSING, TECHNOLOGY DEVELOPMENT AND MARKETING AGREEMENT WITH CATERPILLAR INC.​.  Full Article

Caterpillar Says Date Of CFO Bradley Halverson's Retirement Has Been Changed To May 4 From March 2
Wednesday, 21 Feb 2018 09:08am EST 

Feb 21 (Reuters) - Caterpillar Inc ::CATERPILLAR SAYS EFFECTIVE DATE OF GROUP PRESIDENT & CFO BRADLEY HALVERSON'S RETIREMENT HAS BEEN CHANGED TO MAY 4 FROM MARCH 2 - SEC FILING.  Full Article

Caterpillar Announces Officer Appointment
Monday, 19 Feb 2018 08:30am EST 

Feb 19 (Reuters) - Caterpillar Inc ::CATERPILLAR ANNOUNCES OFFICER APPOINTMENT.ITS BOARD OF DIRECTORS HAS APPOINTED TONY FASSINO A COMPANY VICE PRESIDENT.  Full Article

Caterpillar Says "Vigorously Contesting" Proposed IRS Penalties
Thursday, 15 Feb 2018 01:41pm EST 

Feb 15 (Reuters) - Caterpillar Inc ::CATERPILLAR SAYS ON JAN. 31, GOT REVENUE AGENT'S REPORT FROM IRS INDICATING END OF FIELD EXAM OF U.S. INCOME TAX RETURNS FOR 2010-2012 - SEC FILING.CATERPILLAR - IN 2007-2012 AUDITS INCLUDING IMPACT OF LOSS CARRYBACK TO 2005, IRS PROPOSED TO TAX IN U.S. PROFITS EARNED FROM CERTAIN PARTS TRANSACTIONS BY CSARL.CATERPILLAR - "VIGOROUSLY CONTESTING" PROPOSED INCREASES TO TAX AND PENALTIES FOR AUDIT PERIOD OF ABOUT $2.3 BILLION.CATERPILLAR SAYS DO NOT ANTICIPATE A SIGNIFICANT INCREASE OR DECREASE TO CO'S UNRECOGNIZED TAX BENEFITS FOR THE IRS AUDIT WITHIN THE NEXT 12 MONTHS.CATERPILLAR SAYS CURRENTLY BELIEVE ULTIMATE DISPOSITION OF THE IRS AUDIT WILL NOT HAVE MATERIAL ADVERSE EFFECT ON CO'S CONSOLIDATED FINANCIAL POSITION.  Full Article

Caterpillar Says World Machines Retail Sales Up 34 Pct For 3-Month Ended Jan. 2018
Tuesday, 13 Feb 2018 09:14am EST 

Feb 13 (Reuters) - Caterpillar Inc ::CATERPILLAR - WORLD MACHINES RETAIL SALES FOR 3-MONTH ROLLING PERIOD ENDED JAN 2018 UP 34 PERCENT.CATERPILLAR - LATIN AMERICA MACHINES RETAIL SALES FOR 3-MONTH ROLLING PERIOD ENDED JAN. 2018 UP 49 PERCENT.CATERPILLAR - ASIA/PACIFIC MACHINES RETAIL SALES FOR 3-MONTH ROLLING PERIOD ENDED JAN. 2018 UP 51 PERCENT.CATERPILLAR - NORTH AMERICA MACHINES RETAIL SALES FOR 3-MONTH ROLLING PERIOD ENDED JAN. 2018 UP 23 PERCENT.  Full Article

Caterpillar Announces Officer Retirement Consolidation Of Functions
Friday, 26 Jan 2018 04:15pm EST 

Jan 26 (Reuters) - Caterpillar Inc ::CATERPILLAR ANNOUNCES OFFICER RETIREMENT; CONSOLIDATION OF FUNCTIONS.‍FRANK CRESPO, CATERPILLAR VICE PRESIDENT OF GLOBAL SUPPLY NETWORK DIVISION (GSND), HAS ELECTED TO RETIRE​.‍CRESPO'S RETIREMENT IS EFFECTIVE FEBRUARY 1, 2018​.PRIOR TO JOINING CATERPILLAR, CRESPO WAS VICE PRESIDENT AND CHIEF PROCUREMENT OFFICER WITH HONEYWELL INTERNATIONAL INC.IN CONNECTION WITH FRANK CRESPO RETIREMENT, GSND ORGANIZATION WILL BE CONSOLIDATED INTO EXISTING DIVISIONS WITHIN COMPANY.  Full Article

Caterpillar's North America Machines Retail Sales For 3-Month Rolling Period Up 12 Pct
Wednesday, 13 Dec 2017 09:34am EST 

Dec 13 (Reuters) - Caterpillar Inc ::CATERPILLAR - LATIN AMERICA MACHINES RETAIL SALES FOR 3-MONTH ROLLING PERIOD ENDED NOV. UP 48 PERCENT.CATERPILLAR - NORTH AMERICA MACHINES RETAIL SALES FOR 3-MONTH ROLLING PERIOD ENDED NOV. UP 12 PERCENT.CATERPILLAR - WORLD MACHINES RETAIL SALES FOR 3-MONTH ROLLING PERIOD ENDED NOV. UP 26 PERCENT.CATERPILLAR SAYS ASIA/PACIFIC MACHINES RETAIL SALES FOR 3-MONTH ROLLING PERIOD ENDED NOVEMBER UP 43 PERCENT.  Full Article

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Weak China trade weighs on stocks; risk-off trade in play

NEW YORK World stock indexes fell on Monday after a surprise contraction in Chinese trade reignited fears of a sharper slowdown in global growth and caused investors to sell riskier assets. | Video