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Caterpillar Inc (CAT)

CAT on New York Consolidated

133.71USD
25 Jun 2019
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Latest Key Developments (Source: Significant Developments)

Caterpillar CEO Jim Umpleby Says Co Comfortable Meeting Its Forecast Despite Tariffs - CNBC Interview
Thursday, 20 Jun 2019 06:38pm EDT 

June 20 (Reuters) - :CATERPILLAR CEO JIM UMPLEBY SAYS CO COMFORTABLE MEETING ITS FORECAST DESPITE TARIFFS - CNBC INTERVIEW.CATERPILLAR CEO JIM UMPLEBY SAYS CHINA IS STILL STRONG FOR CO; EUROPE IS FLAT AND LATIN AMERICA IS STARTING TO IMPROVE.  Full Article

Caterpillar Inc Says CEO D. James Umpleby III's Total Compensation For FY 2018 Was $21.4 Mln Vs $14 Mln In FY 2017
Friday, 26 Apr 2019 05:10pm EDT 

April 26 (Reuters) - Caterpillar Inc ::CATERPILLAR INC SAYS CEO D. JAMES UMPLEBY III'S TOTAL COMPENSATION FOR FY 2018 WAS $21.4 MILLION VERSUS $14 MILLION IN FY 2017- SEC FILING.CATERPILLAR INC SAYS CFO ANDREW BONFIELD'S TOTAL 2018 COMPENSATION WAS $7.2 MILLION.CATERPILLAR - RATIO OF UMPLEBY’S 2018 ANNUAL TOTAL COMPENSATION COMPARED TO MEDIAN OF THE ANNUAL TOTAL COMPENSATION OF ALL EMPLOYEES WAS 371 TO 1.CATERPILLAR - SHAREHOLDER PROPOSAL ASKS BOARD TO ASSESS & REPORT ON RISKS RELATED TO BUSINESS ACTIVITIES IN CONFLICT-AFFECTED AREAS.  Full Article

Caterpillar Announces Officer Changes
Friday, 12 Apr 2019 11:00am EDT 

Caterpillar Inc ::CATERPILLAR ANNOUNCES OFFICER CHANGES.CATERPILLAR ANNOUNCES OFFICER CHANGES.CATERPILLAR INC - TOM BLUTH TO BECOME VICE PRESIDENT OF NEW LEGAL AFTERMARKET SUPPORT.CATERPILLAR INC - KARL WEISS NAMED VICE PRESIDENT OF INNOVATION & TECHNOLOGY DEVELOPMENT DIVISION.CATERPILLAR INC - ALL CHANGES ARE EFFECTIVE MAY 1, 2019.  Full Article

Caterpillar Says It Maintains Dividend Of Eighty-Six Cents
Wednesday, 10 Apr 2019 12:05pm EDT 

April 10 (Reuters) - Caterpillar Inc ::CATERPILLAR INC. MAINTAINS DIVIDEND.CATERPILLAR INC - VOTED TODAY TO MAINTAIN QUARTERLY CASH DIVIDEND OF EIGHTY-SIX CENTS.  Full Article

Caterpillar Announces Officer Changes
Monday, 18 Feb 2019 02:00pm EST 

Caterpillar Inc ::CATERPILLAR ANNOUNCES OFFICER CHANGES.CATERPILLAR ANNOUNCES OFFICER CHANGES.CATERPILLAR INC - TOM PELLETTE TO BECOME SENIOR VICE PRESIDENT OF CATERPILLAR.CATERPILLAR INC - RAMIN YOUNESSI TO MOVE TO GROUP PRESIDENT OF CONSTRUCTION INDUSTRIES.CATERPILLAR INC - BILLY AINSWORTH NAMED GROUP PRESIDENT OF ENERGY & TRANSPORTATION.CATERPILLAR INC - IS SEPARATING CURRENT GLOBAL POWER SYSTEMS DIVISIONS INTO TWO; OIL, GAS AND MARINE DIVISION AND ELECTRIC POWER DIVISION.CATERPILLAR INC - JOE CREED WILL LEAD NEW OIL, GAS AND MARINE DIVISION.CATERPILLAR INC - PABLO KOZINER WILL LEAD NEW ELECTRIC POWER DIVISION.CATERPILLAR INC - MARTY HAYCRAFT NAMED VICE PRESIDENT OF CATERPILLAR RAIL DIVISION.CATERPILLAR INC - KYLE EPLEY NAMED VICE PRESIDENT OF FINANCE SERVICES DIVISION.  Full Article

Caterpillar Inc Says Have About 104,000 Employees At Dec 31, 2018, Up About 5.7 Percent From At Dec 31, 2017
Thursday, 14 Feb 2019 01:51pm EST 

Feb 14 (Reuters) - Caterpillar Inc ::CATERPILLAR INC SAYS HAVE ABOUT 104,000 EMPLOYEES AT DEC 31, 2018, UP ABOUT 5.7 PERCENT FROM AT DEC 31, 2017 - SEC FILING.  Full Article

Caterpillar Inc Says China Market To Be Roughly Flat In 2019 -Conf. Call
Monday, 28 Jan 2019 12:04pm EST 

Jan 28 (Reuters) - Caterpillar Inc ::CATERPILLAR INC SAYS OVERALL CHINA MARKET TO BE ROUGHLY FLAT IN 2019, FOLLOWING 2 YEARS OF SIGNIFICANT GROWTH-CONF. CALL.CATERPILLAR INC SAYS POSITIVE PRICE REALIZATION OFFSET BY HIGHER MANUFACTURING COSTS DUE TO HIGHER MATERIAL, FREIGHT COSTS -CONF. CALL.CATERPILLAR INC EXPECTS SLOWDOWN IN ORDERS IN RESOURCES BUSINESS TO BE TEMPORARY -CONF. CALL.CATERPILLAR INC SAYS EXPECTS HIGHER MINING CAPEX IN 2019 TO DRIVE HIGHER NEW EQUIPMENT SALES IN RESOURCES SEGMENT. -CONF. CALL.CATERPILLAR INC SAYS EXPECTS FAVORABLE PRICE REALIZATION IN 2019 TO BE MOSTLY OFFSET BY COST HEADWINDS -CONF. CALL.CATERPILLAR INC SAYS TARIFFS COST COMPANY OVER $100 MILLION IN 2018-CONF. CALL.CATERPILLAR INC SAYS EXPECT MARGINS IN CONSTRUCTION INDUSTRIES SEGMENT TO BE "STRONG" IN 2019-CONF. CALL.CATERPILLAR INC SAYS AT THIS STAGE, DON'T SEE A RATE CHANGE IN THE TARIFFS-CONF. CALL.CATERPILLAR INC SAYS EXPECT DEALER INVENTORY TO BE FLAT IN 2019-CONF. CALL.CATERPILLAR INC SAYS EXPECT MODEST SALES INCREASE IN 2019-CONF. CALL.CATERPILLAR INC SAYS EXPECT CONSTRUCTION INDUSTRIES SALES IN CHINA TO BE FLAT AFTER 40 PERCENT INCREASE IN INDUSTRY SALES IN 2018-CONF. CALL.CATERPILLAR INC SAYS MACHINE UTILIZATION BY CUSTOMERS IN MINING INDUSTRY CONTINUES TO INCREASE-CONF. CALL.CATERPILLAR INC SAYS IN A MUCH "BETTER" POSITION TO GENERATE CASH IF THERE IS A MARKET DOWNTURN-CONF. CALL.CATERPILLAR INC SAYS WILL BE VERY COST DISCIPLINE MOVING FORWARD-CONF. CALL.  Full Article

Cat Financial Says Q4 Revenues Rose 3 pct to $699 Million
Monday, 28 Jan 2019 07:31am EST 

Jan 28 (Reuters) - Cat Financial::CAT FINANCIAL ANNOUNCES 2018 YEAR-END RESULTS.CAT FINANCIAL - REPORTED FOURTH-QUARTER 2018 REVENUES OF $699 MILLION, AN INCREASE OF $21 MILLION, OR 3 PERCENT.CAT FINANCIAL - FOURTH-QUARTER 2018 PROFIT WAS $18 MILLION, A $253 MILLION, OR 93 PERCENT, DECREASE FROM Q4 OF 2017.CAT FINANCIAL- DECREASE IN QTRLY PROFIT DUE TO $86 MILLION INCREASE IN PROVISION FOR CREDIT LOSSES, DRIVEN BY HIGHER ALLOWANCE RATE, INCREASE IN WRITE-OFFS.  Full Article

Caterpillar reports fourth-quarter results, provides outlook for 2019
Monday, 28 Jan 2019 07:30am EST 

Jan 28 (Reuters) - Caterpillar Inc ::CATERPILLAR REPORTS FOURTH-QUARTER AND FULL-YEAR 2018 RESULTS; PROVIDES OUTLOOK FOR 2019.Q4 ADJUSTED EARNINGS PER SHARE $2.55.Q4 EARNINGS PER SHARE $1.78.Q4 SALES $14.34 BILLION VERSUS REFINITIV IBES ESTIMATE OF $14.33 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $2.99 -- REFINITIV IBES DATA.2019 PROFIT PER SHARE EXPECTED TO INCREASE.CATERPILLAR - SEES 2019 PROFIT PER SHARE IN RANGE OF $11.75 TO $12.75.DURING 2018, WE INCURRED $386 MILLION OF RESTRUCTURING COSTS.CONSTRUCTION INDUSTRIES' TOTAL SALES WERE $5.705 BILLION IN Q4 OF 2018, COMPARED WITH $5.295 BILLION IN Q4 OF 2017.2019 OUTLOOK ASSUMES MODEST SALES INCREASE BASED ON FUNDAMENTALS OF END MARKETS AS WELL AS MACROECONOMIC AND GEOPOLITICAL ENVIRONMENT.CATERPILLAR - BEGINNING 2019, CO DOES NOT PLAN TO EXCLUDE RESTRUCTURING COSTS FROM ADJUSTED PROFIT PER SHARE AS COSTS EXPECTED TO RETURN TO NORMALIZED LEVELS.FY2019 EARNINGS PER SHARE VIEW $12.73 -- REFINITIV IBES DATA.AT THE END OF Q4 THE ORDER BACKLOG WAS $16.5 BILLION, ABOUT $800 MILLION LOWER THAN Q3.CONSTRUCTION INDUSTRIES' TOTAL SALES INCREASE IN Q4 WAS MOSTLY DUE TO HIGHER SALES VOLUME FOR CONSTRUCTION EQUIPMENT.ENERGY & TRANSPORTATION'S TOTAL SALES WERE $6.287 BILLION IN Q4 OF 2018, COMPARED WITH $5.640 BILLION.RESOURCE INDUSTRIES' TOTAL SALES WERE $2.797 BILLION IN Q4 OF 2018, AN INCREASE OF $489 MILLION FROM Q4 OF 2017.DEALER MACHINE AND ENGINE INVENTORIES INCREASED ABOUT $200 MILLION DURING Q4 AND REMAINED ABOUT FLAT DURING Q4 2017.  Full Article

Caterpillar's SD&D Segment Is Restructuring Its Distribution Divisions
Friday, 14 Dec 2018 02:00pm EST 

Dec 14 (Reuters) - Caterpillar Inc ::CATERPILLAR ANNOUNCES NEW RESPONSIBILITIES FOR OFFICERS AND APPOINTMENT OF NEW VICE PRESIDENT.CATERPILLAR INC - ALL MOVES ARE EFFECTIVE JANUARY 1, 2019.CATERPILLAR INC - COMPANY'S BOARD OF DIRECTORS ALSO APPOINTED A NEW VICE PRESIDENT.CATERPILLAR INC - SERVICES, DISTRIBUTION AND DIGITAL SEGMENT IS RESTRUCTURING DISTRIBUTION DIVISIONS.CATERPILLAR INC - RAYMOND CHAN WILL NOW OVERSEE ASIA PACIFIC DISTRIBUTION SERVICES DIVISION.CATERPILLAR - PHIL KELLIHER WILL TRANSITION TO VICE PRESIDENT OF AMERICAS DISTRIBUTION SERVICES DIVISION.CATERPILLAR INC - NIGEL LEWIS, WILL NOW HAVE RESPONSIBILITY FOR EUROPE, AFRICA AND MIDDLE EAST DISTRIBUTION SERVICES DIVISION.CATERPILLAR INC - BOARD APPOINTED JASON CONKLIN, CURRENTLY INDUSTRY REGION MANAGER WITHIN GCI, TO POSITION OF VICE PRESIDENT OF GCI.CATERPILLAR INC - DAMIEN GIRAUD WILL NOW LEAD GLOBAL AFTERMARKET SOLUTIONS DIVISION WITHIN SD&D.  Full Article

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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.