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Tag: Cat earnings
Construction Equipment
Cat 1Q sales, revenues take 21% dive
Caterpillar 1Q sales and revenues took a 21 percent dive, with the firm reporting $10.6 billion versus $13.5 billion for 1Q 2019. “The decline was due to lower sales volume driven by lower end-user demand and the impact from changes in dealer inventories,” says Cat, reporting that dealers increased machine and engine inventories by about […]
April 29, 2020
Dealers
Cat sales drop 6% in 3Q as global demand fails to meet expectations
It was a tough third quarter for Caterpillar as the company is reporting a 6-percent decrease in sales and revenues compared to the same quarter of 2018. In response, the company has lowered its outlook for the rest of 2019. Sales and revenues fell to $12.8 billion for the third quarter while profit per share […]
October 25, 2019
Dealers
Cat 2Q North American sales & revenues grow 28%; total numbers show 3% growth
Caterpillar says it saw a 3-percent increase in sales and revenues in the second quarter compared to the same period last year, for an increase of $400 million. In North America, the company’s Construction Industries segment grew 28 percent in sales and revenue in 2Q compared with the same period last year. Resource Industries in […]
July 24, 2019
Construction Equipment
Cat sales jump 20% in 2018: Record profit per share, but stock dives
Despite the good news, Caterpillar also saw a 9% plummet in its stock on Monday, January 28, 2019. Get the latest news from Caterpillar on Equipment World.
February 3, 2019
Construction Equipment
Caterpillar sales jump 18% in 2017 with 4Q surge
Caterpillar announced its fourth quarter and full-year 2017 sales Thursday, reporting a 35-percent increase in sales for the quarter and an 18-percent increase in sales for the year. Cat’s 4Q sales climbed from $9.6 billion a year ago to $12.9 billion in 2017. Despite the strong sales, the company still posted a loss per share […]
January 25, 2018
Dealers
Caterpillar Q2 sales up 9.5%, profit jumps 45%
Caterpillar’s second quarter 2017 sales and revenues increased by 9.5 percent compared to 2016, reaching $11.3 billion. In response the company released an improved outlook for the remainder of the year. “Our team delivered an impressive quarter. As demand increased, we continued to control costs and generated higher profit margins,” says CEO Jim Umpleby regarding […]
July 25, 2017
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
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