Tag: Caterpillar earnings

Dealers

Cat Financial posts 9% revenue increase in 3Q

This quarter's revenue increase was due to impacts from financing rates, average earning assets and from returned or repossessed equipment. Learn more here.

October 29, 2018

Dealers

Caterpillar crushes estimates as Q3 sales jump 25%

With third-quarter sales and revenues soaring by 25 percent year-to-year and customer demand growing, Caterpillar on Tuesday boosted its robust 2017 profit outlook even higher. The company posted sales and revenues of $11.4 billion for third-quarter 2017, up nearly $2.3 billion from $9.2 billion for the same period last year. Operating profit increased by 228 […]

October 24, 2017

Construction Equipment

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

Though things aren’t looking any brighter for Caterpillar on the financial front, chairman and CEO Doug Oberhelman says he is pleased with the effects of an ongoing cost reduction plan. The company today reported first quarter sales and revenues of $9.5 billion, down 26 percent from the first quarter of 2015. Operating profit plummeted 71 percent […]

April 22, 2016

Business

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

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 that most recent forecast after sales fell $3 billion year over year in the fourth quarter. The company reported 4Q sales and revenues of $11 billion, down 23 percent from the same quarter in 2014. Cat […]

January 28, 2016

Business

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

After preparing everyone last month for the likelihood of continued bad news on the financial front with the launch of an extensive cost-cutting plan, Caterpillar has announced another down quarter with double digit decreases to both sales and profit. Cat sales and revenues fell to $11 billion during the third quarter, a decrease of 19 […]

October 23, 2015

Construction Equipment

Caterpillar to shutter global mining HQ, move jobs to South Milwaukee

Just weeks after Caterpillar announced a massive cost reduction plan and the departure of its top mining executive, the equipment manufacturer has decided to close down its global mining equipment headquarters in Oak Creek, Wisconsin. The good news for the employees at the $8.6 million Oak Creek facility is that all 250 jobs at the location will transitioned to a […]

October 9, 2015

Business

Caterpillar mining VP retires amid leadership shakeup

Chris Curfman, the chief mining executive at Caterpillar, will retire at the end of the year, ending a more than 20-year career at the company. Caterpillar announced the move this week amid big changes for the company, including a massive $1.5 billion cost reduction plan and a restructuring of leadership within the Mining Sales and Support Division, […]

September 25, 2015

Business

Caterpillar plans up to 10,000 job cuts as part of extensive $1.5 billion cost reduction plan

In the midst of a third straight year of down sales and revenues, Caterpillar has announced further cost cutting and restructuring in order to lessen the impact of what will likely be off a fourth-straight down year in 2016—a first in the company’s nearly century-long history. Planning large workforce cuts and the consolidation and closures of its […]

September 24, 2015

Business

Not even Caterpillar can escape Donald Trump’s disses

In perhaps a prime example of just how far Donald Trump will reach to underscore his “Make America Great Again” slogan, the Republican presidential candidate has called out Caterpillar’s recent financial performance as evidence of how far the country has apparently fallen. “People are buying Komatsu tractors instead of Caterpillar tractors. I’m telling you, we’re in […]

August 19, 2015

Business

Caterpillar profits fall 29% in 2Q as company cuts full-year forecast

A continued and severe lack of demand for mining equipment worldwide, coupled with lower construction equipment sales in China and Brazil brought Caterpillar sales and profits down during the second quarter. In earnings released Thursday the company reported a decrease in sales and revenues of 13 percent to $12.3 billion and a 29-percent profit loss […]

July 23, 2015

Business

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

Caterpillar delivered very good news for shareholders in its first quarter earnings report, with a big profit increase and an improved outlook for the rest of the year. The company reported a 20-percent boost in profit over Q1 2014 to $1.1 billion, or $1.81 per share. This was despite a 4-percent sales and revenues drop to $12.7 […]

April 24, 2015

Home

Caterpillar full-year earnings dip with bad 4Q; falling oil prices expected to drag 2015 down even further

For a second consecutive year, Caterpillar sales and profit have fallen. And in addition to the slump in demand for mining equipment that has plagued the company for the last two years, Cat is now contending with falling oil prices, causing the company to forecast another drop in sales for 2015. After ending a disappointing 2013 with […]

January 27, 2015