Edition:
United States

Caterpillar Inc (CAT)

CAT on New York Consolidated

127.23USD
14 Jun 2019
Change (% chg)

$0.06 (+0.05%)
Prev Close
$127.17
Open
$126.61
Day's High
$127.65
Day's Low
$125.50
Volume
2,530,176
Avg. Vol
4,143,140
52-wk High
$159.37
52-wk Low
$112.06

Latest Key Developments (Source: Significant Developments)

Caterpillar Raises Quarterly Cash Dividend By 20 Percent To $1.03 Per Share Of Common Stock
Thursday, 2 May 2019 07:30am EDT 

May 2 (Reuters) - Caterpillar Inc ::INCREASES QUARTERLY CASH DIVIDEND BY 20 PERCENT TO $1.03PER SHARE.CATERPILLAR RAISES QUARTERLY CASH DIVIDEND BY 20% TO $1.03 PER SHARE OF COMMON STOCK.CATERPILLAR RAISES DIVIDEND, SETS NEW FINANCIAL TARGETS AND PROVIDES UPDATE ON ENTERPRISE STRATEGY AT 2019 INVESTOR DAY.CATERPILLAR EXPECTS TO DOUBLE ME&T SERVICES SALES TO $28 BILLION BY 2026.CATERPILLAR - EXPECTS TO DELIVER HIGHER ADJUSTED OPERATING MARGINS THROUGH CYCLES OF THREE TO SIX PERCENTAGE POINTS ABOVE HISTORICAL PERFORMANCE BY 2026.CATERPILLAR EXPECTS TO INCREASE DIVIDEND IN EACH OF FOLLOWING FOUR YEARS BY AT LEAST A HIGH SINGLE-DIGIT PERCENTAGE.WITH REMAINING FREE CASH FLOW, COMPANY INTENDS TO REPURCHASE SHARES ON A MORE CONSISTENT BASIS.CATERPILLAR SAYS "PLAN TO RETURN SUBSTANTIALLY ALL ME&T FREE CASH FLOW TO SHAREHOLDERS THROUGH DIVIDEND INCREASES & MORE CONSISTENT SHARE REPURCHASES".  Full Article

Caterpillar Says Large Customers Cautiously Optimistic About Working Through Trade Issues - Conf Call
Wednesday, 24 Apr 2019 11:54am EDT 

April 24 (Reuters) - Caterpillar Inc ::CATERPILLAR SAYS CONTINUES TO HAVE CONFIDENCE IN THE FUNDAMENTALS OF CO'S DIVERSE END MARKETS, AND EXPECTATIONS FOR 2019 PERFORMANCE ARE UNCHANGED- CONF CALL.CATERPILLAR SAYS, IN CONSTRUCTION INDUSTRIES, CONTINUES TO BELIEVE THAT HEALTHY U.S. ECONOMY, ALONG WITH STATE AND LOCAL FUNDING FOR INFRASTRUCTURE DEVELOPMENT, WILL BE A POSITIVE FOR CO, PARTLY OFFSET BY WEAKNESS IN RESIDENTIAL CONSTRUCTION.CATERPILLAR CONTINUES TO EXPECT DEMAND TO REMAIN LOW IN LATIN AMERICA THIS YEAR.CATERPILLAR SAYS, IN THE EUROPE, AFRICA AND MIDDLE EAST REGION, DEMAND REMAINS STEADY DESPITE THE POLITICAL AND ECONOMIC UNCERTAINTIES.CATERPILLAR SAYS, IN ASIA PACIFIC, INFRASTRUCTURE ACTIVITY REMAINS STRONG; WITHIN CHINA, CO CONTINUES TO EXPECT SALES TO BE FLAT WITH LAST YEAR.CATERPILLAR SAYS, SEEING MINING COMPANIES BECOMING INCREASINGLY WILLING TO INVEST IN CAPEX.CATERPILLAR SAYS, IN RESOURCE INDUSTRIES, EXPECTS DEMAND FOR HEAVY CONSTRUCTION AND QUARRYING AGGREGATE EQUIPMENT TO REMAIN STRONG.CATERPILLAR SAYS, IN ENERGY & TRANSPORTATION, OIL PRICES ARE RECOVERING, BUT VOLATILITY IN OIL PRICES AND TAKEAWAY CONSTRAINTS IN PERMIAN ARE IMPACTING DEMAND FOR WELL SERVICING EQUIPMENT IN THE FIRST HALF OF THE YEAR.CATERPILLAR EXPECTS PRICE REALIZATION TO OFFSET HIGHER MANUFACTURING COSTS IN 2019.  Full Article

Cat Financial Q1 Profit Was $98 Mln
Wednesday, 24 Apr 2019 07:31am EDT 

April 24 (Reuters) - Caterpillar Inc ::CAT FINANCIAL ANNOUNCES FIRST-QUARTER 2019 RESULTS.CAT FINANCIAL - FIRST-QUARTER 2019 REVENUES OF $736 MILLION, AN INCREASE OF $46 MILLION.CAT FINANCIAL - PROFIT BEFORE INCOME TAXES WAS $142 MILLION FOR Q1 OF 2019, COMPARED WITH $124 MILLION.CAT FINANCIAL - FIRST-QUARTER 2019 PROFIT WAS $98 MILLION, 8%, INCREASE.  Full Article

Caterpillar Reports First-Quarter 2019 Results
Wednesday, 24 Apr 2019 07:30am EDT 

April 24 (Reuters) - Caterpillar Inc ::CATERPILLAR REPORTS FIRST-QUARTER 2019 RESULTS.Q1 SALES $13.5 BILLION VERSUS REFINITIV IBES ESTIMATE OF $13.4 BILLION.Q1 EARNINGS PER SHARE $3.25.Q1 EARNINGS PER SHARE ESTIMATE $2.85 -- REFINITIV IBES DATA.REVISING ITS 2019 PROFIT PER SHARE OUTLOOK TO A RANGE OF $12.06 TO $13.06.CONTINUES TO HAVE CONFIDENCE IN FUNDAMENTALS OF ITS DIVERSE END MARKETS, AND EXPECTATIONS FOR 2019 PERFORMANCE ARE UNCHANGED.PROFIT PER SHARE IN Q1 INCLUDED A DISCRETE TAX BENEFIT RELATED TO U.S. TAX REFORM OF $178 MILLION, OR $0.31 PER SHARE.ENTERPRISE CASH BALANCE AT END OF Q1 OF 2019 WAS $7.1 BILLION.AT END OF Q1 OF 2019, PAST DUES AT CAT FINANCIAL WERE 3.61%, COMPARED WITH 3.17% AT END OF Q1 OF 2018.CATERPILLAR - FINAL REGULATIONS RECEIVED RELATED TO MANDATORY DEEMED REPATRIATION OF NON-U.S. EARNINGS DUE TO U.S. TAX REFORM, RECORDED DISCRETE TAX BENEFIT.CATERPILLAR RECORDED A DISCRETE TAX BENEFIT OF $178 MILLION IN Q1 OF 2019.AS OF MARCH 31, 2019, CAT FINANCIAL'S ALLOWANCE FOR CREDIT LOSSES TOTALED $534 MILLION COMPARED WITH $511 MILLION AT DEC 31, 2018.DEALER MACHINE AND ENGINE INVENTORIES INCREASED ABOUT $1.3 BILLION DURING Q1 OF 2019 VERSUS INCREASE OF ABOUT $1.2 BILLION DURING Q1 OF 2018.EXPECTATION REMAINS THAT DEALER INVENTORIES SHOULD BE ABOUT FLAT FOR FULL YEAR.AT END OF Q1 OF 2019, ORDER BACKLOG WAS $16.9 BILLION, ABOUT $300 MILLION HIGHER THAN Q4 OF 2018.  Full Article

Caterpillar Appoints Michael Marvel As Chief Accounting Officer
Friday, 15 Feb 2019 09:07am EST 

Feb 15 (Reuters) - Caterpillar Inc ::CATERPILLAR - ON FEB. 13, BOARD APPOINTED G. MICHAEL MARVEL, AS CHIEF ACCOUNTING OFFICER.CATERPILLAR SAYS G. MICHAEL MARVEL’S APPOINTMENT IS EFFECTIVE MARCH 1, 2019 - SEC FILING.  Full Article

Caterpillar Inc says Asia/Pacific Machines retail sales for 3-month rolling period ended Dec up 3 percent
Monday, 28 Jan 2019 07:30am EST 

Jan 28 (Reuters) - Caterpillar Inc ::CATERPILLAR INC SAYS ASIA/PACIFIC MACHINES RETAIL SALES FOR 3-MONTH ROLLING PERIOD ENDED DEC UP 3 PERCENT.CATERPILLAR INC SAYS LATIN AMERICA MACHINES RETAIL SALES FOR 3-MONTH ROLLING PERIOD ENDED DEC UP 17 PERCENT.CATERPILLAR INC SAYS WORLD MACHINES RETAIL SALES FOR 3-MONTH ROLLING PERIOD ENDED DEC UP 10 PERCENT.CATERPILLAR INC SAYS NORTH AMERICA MACHINES RETAIL SALES FOR 3-MONTH ROLLING PERIOD ENDED DEC UP 14 PERCENT.  Full Article

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

Photo

Caterpillar's machine sales in Asia-Pacific down 4% for three months

Global industry bellwether Caterpillar Inc said on Thursday its retail sales for machines used in construction and mining in the Asia-Pacific region fell 4% for the rolling three-month period ended May, pointing to weakness in China.