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Caterpillar Inc (CAT.N)

CAT.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Caterpillar Inc Says Expect Dealers In China To Increase Inventories In View Of Earlier Chinese New Year - Conf Call
Wednesday, 23 Oct 2019 

Oct 23 (Reuters) - Caterpillar Inc ::CATERPILLAR INC SAYS "EXPECT DEALERS IN CHINA TO INCREASE INVENTORIES IN VIEW OF EARLIER CHINESE NEW YEAR" - CONF CALL.CATERPILLAR INC SAYS "CUSTOMERS ARE DELAYING CAPITAL SPENDING IN LIGHT OF GLOBAL ECONOMIC UNCERTAINITY".CATERPILLAR INC SAYS "WILL HAVE LESS OF AN OVERHANG IN TERMS OF DEALER INVENTORY GOING INTO 2020".CATERPILLAR INC SAYS "SEE FLAT END USER DEMAND IN Q4 2019 VERSUS EXPECTATION OF A RISE EARLIER".CATERPILLAR INC SAYS EXPECTS $900 MILLION INVENTORY REDUCTION IN Q4 2019.CATERPILLAR INC SAYS EXPECT PRICING TO BE MODERATE IN 2020.CATERPILLAR INC SAYS MINING WILL REMAIN POSTIVE IN THE YEAR.CATERPILLAR INC SAYS COMMITTED TO HIGH SINGLE DIGIT DIVIDEND INCREASE OVER THE YEARS.  Full Article

Cat Financial Reports Q3 Revenue OF $748 Mln
Wednesday, 23 Oct 2019 

Oct 23 (Reuters) - Caterpillar Inc ::CAT FINANCIAL ANNOUNCES THIRD-QUARTER 2019 RESULTS.CAT FINANCIAL - Q3 PROFIT WAS $129 MILLION, A $4 MILLION, OR 3%, INCREASE.CAT FINANCIAL - REPORTED THIRD-QUARTER 2019 REVENUE OF $748 MILLION, AN INCREASE OF $13 MILLION.CAT FINANCIAL - INCREASE IN QTRLY REVENUE WAS PRIMARILY DUE TO A $29 MILLION FAVORABLE IMPACT FROM HIGHER AVERAGE FINANCING RATES.CAT FINANCIAL - DURING Q3 OF 2019, RETAIL NEW BUSINESS VOLUME WAS $2.93 BILLION, AN INCREASE OF $51 MILLION.CAT FINANCIAL - AT END OF Q3 OF 2019, PAST DUES WERE 3.19%, COMPARED WITH 3.47% AT END OF Q3 OF 2018.  Full Article

Caterpillar Full-Year Profit Per Share Outlook Range Lowered To $10.90 To $11.40
Wednesday, 23 Oct 2019 

Oct 23 (Reuters) - Caterpillar Inc ::CATERPILLAR REPORTS THIRD-QUARTER 2019 RESULTS.Q3 EARNINGS PER SHARE $2.66.Q3 SALES $12.8 BILLION VERSUS REFINITIV IBES ESTIMATE OF $13.57 BILLION.Q3 EARNINGS PER SHARE ESTIMATE $2.88 -- REFINITIV IBES DATA.FULL-YEAR PROFIT PER SHARE OUTLOOK RANGE LOWERED TO $10.90 TO $11.40.PRIMARY DRIVER OF THE DECLINE IN QTRLY SALES AND REVENUES WAS A $1.2 BILLION MOVEMENT IN DEALERS' INVENTORIES..IN QUARTER, VOLUMES DECLINED AS DEALERS REDUCED THEIR INVENTORIES, AND END-USER DEMAND, WHILE POSITIVE, WAS LOWER THAN OUR EXPECTATIONS.AT END OF Q3 OF 2019, PAST DUES AT CAT FINANCIAL WERE 3.19%, COMPARED WITH 3.47%.REVISED GUIDANCE FOR FY PROFIT NOW ASSUMES MODESTLY LOWER SALES IN 2019.IN Q4, NOW EXPECT END-USER DEMAND TO BE FLAT AND DEALERS TO MAKE FURTHER INVENTORY REDUCTIONS DUE TO GLOBAL ECONOMIC UNCERTAINTY.CATERPILLAR - AS OF SEPT 30, CAT FINANCIAL'S ALLOWANCE FOR CREDIT LOSSES TOTALED $434 MILLION VERSUS $523 MILLION AT JUNE 30, 2019.AT END OF Q3 OF 2019, ORDER BACKLOG WAS $14.6 BILLION, ABOUT $400 MILLION LOWER THAN Q2 OF 2019.DEALERS DECREASED MACHINE AND ENGINE INVENTORIES ABOUT $400 MILLION DURING THE THIRD QUARTER OF 2019.QTRLY CONSTRUCTION INDUSTRIES SALES IN ASIA/PACIFIC WERE LOWER ACROSS MOST OF THE REGION PRIMARILY DUE TO LOWER DEMAND IN CHINA.FY2019 EARNINGS PER SHARE VIEW $11.70 -- REFINITIV IBES DATA.  Full Article

Caterpillar Financial Services Files For Variable Denomination Floating Rate Demand Notes Of Up To $1.25 Bln
Saturday, 5 Oct 2019 

Oct 4 (Reuters) - Caterpillar Inc ::CATERPILLAR FINANCIAL SERVICES CORP FILES FOR VARIABLE DENOMINATION FLOATING RATE DEMAND NOTES OF UP TO $1.25 BILLION - SEC FILING.  Full Article

Caterpillar Says Freight Cost Has Stabilised, Expects Input Costs To Be Lower
Wednesday, 24 Jul 2019 

July 24 (Reuters) - Caterpillar Inc ::SAYS FREIGHT COST HAS STABILISED, EXPECTS INPUT COSTS TO BE LOWER GOING FORWARD- CONF. CALL.SAYS YEAR-TO-DATE RESTRUCTURING CHARGES ARE $158 MILLION- CONF. CALL.SAYS DON'T EXPECT RESTRUCTURING COSTS TO RECUR AT THESE LEVELS IN SECOND HALF- CONF. CALL.EXPECTS 2019 DEALER INVENTORIES TO INCREASE BY ABOUT $900 MILLION DRIVEN BY CONSTRUCTION INDUSTRIES AND RESOURCE INDUSTRIES- CONF. CALL.SAYS STILL EXPECT TARIFFS TO COST $250 MILLION TO $350 MILLION IN 2019- CONF. CALL.EXPECTS SHORT-TERM INCENTIVE COMPENSATION TO BE A TAILWIND OF ABOUT $600 MILLION IN 2019, PROJECTS CAPEX OF ABOUT $1.3 BILLION IN 2019.  Full Article

Cat Financial Says Q2 2019 Revenues Of $757 Mln, An Increase Of $34 Million, Or 5%, Compared With Q2 Of 2018
Wednesday, 24 Jul 2019 

July 24 (Reuters) - Caterpillar Inc ::CAT FINANCIAL ANNOUNCES SECOND-QUARTER 2019 RESULTS.CAT FINANCIAL - SECOND-QUARTER 2019 REVENUES OF $757 MILLION, AN INCREASE OF $34 MILLION, OR 5%, COMPARED WITH Q2 OF 2018..CAT FINANCIAL - SECOND-QUARTER 2019 PROFIT WAS $79 MILLION, AN $8 MILLION, OR 11%, INCREASE FROM Q2 OF 2018..  Full Article

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

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 

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 

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 

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

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Caterpillar lays off 120 workers as trade war hits sales

CHICAGO Caterpillar Inc has laid off 120 temporary workers at a plant in Texas following its decision to cut production in the wake of a fall in sales due to U.S. President Donald Trump's trade war with China.