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Caterpillar profit falls 71% in 1Q as energy demand, competitive pressure in construction knock sales

Caterpillar profit falls 71% in 1Q as energy demand,...

Posted by Wayne Grayson on Apr 22, 2016

Though things aren't looking any brighter for Caterpillar on the financial front, chairman and CEO Doug Oberhelman says he is ...

Caterpillar profit fell 43% in 2015; 4Q loss comes as construction, mining sales weaker than expected

Caterpillar profit fell 43% in 2015; 4Q loss comes as...

Posted by Wayne Grayson on Jan 28, 2016

Despite slashing its sales outlook in tandem with an October announcement of a sweeping cost reduction plan, Caterpillar's full-year sales still fell below ...

Finning, world’s largest Cat dealer, to cut 1,100 jobs due to weak equipment sales

Finning, world’s largest Cat dealer, to cut 1,100...

Posted by Wayne Grayson on Nov 17, 2015

In the face of slumping demand, Canadian Caterpillar dealer Finning International Inc. has announced it will make significant workforce reductions ...

Caterpillar lays off hundreds more, announces plant closing in North Carolina

Caterpillar lays off hundreds more, announces plant...

Posted by Wayne Grayson on Nov 16, 2015

With thousands of the company's employees already accepting early retirement packages and hundreds more having received notice of being laid off, ...

Caterpillar CEO voices confidence in strength of key industries despite 64% profit decline in 3Q

Caterpillar CEO voices confidence in strength of key...

Posted by Wayne Grayson on Oct 23, 2015

After preparing everyone last month for the likelihood of continued bad news on the financial front with the launch of ...

Caterpillar beats estimates, boosts profit 20% in 1Q despite dip in sales

Caterpillar beats estimates, boosts profit 20% in 1Q...

Posted by Wayne Grayson on Apr 24, 2015

Caterpillar delivered very good news for shareholders in its first quarter earnings report, with a big profit increase and an improved ...

Plunging yen has boosted Komatsu sales; Caterpillar dealers report “aggressive” pricing

Plunging yen has boosted Komatsu sales; Caterpillar...

Posted by Wayne Grayson on Mar 12, 2015

With profit and sales declines in full effect for competitors Caterpillar, John Deere and CNH Industrial, Komatsu earnings reports been ...

Caterpillar global dealer sales down 13 percent

Caterpillar global dealer sales down 13 percent

Posted by Wayne Grayson on Mar 22, 2013

According to recent SEC filing, Caterpillar reported that its global dealer sales dropped 13 percent in the three month period ...

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