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Tag: Cat profit
Business
Caterpillar sales down again in 3Q as profit plummets 48%
Citing economic weakness and idle mining trucks around the globe coupled with an “abundance” of used construction equipment and idle locomotives in North America, Caterpillar reported another down period for earnings today. With total sales falling 16 percent to $9.16 billion in the third quarter and profit plummeting 48 percent to $481 million, the world’s no. 1 […]
October 25, 2016
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 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
Business
Caterpillar profit up 8% in 3Q, beats Wall Street expectations with slight uptick in sales
Caterpillar today announced an increase in both profit and sales during the third quarter, beating analyst expectations despite more declines in demand for mining equipment. The company announced profit of $1.017 billion, or $1.63 per share, an increase of 8 percent over third quarter 2013. Excluding $81 million in restructuring costs, profit would have been […]
October 23, 2014
Business
Caterpillar profit rises 5% in 1Q due to surge in construction equipment sales
After a rough 2013 that saw profits drop 33 percent, the momentum Caterpillar gained during a strong fourth quarter appears to have remained in tact in 2014 and the company has raised its profit forecast for the year. The company today announced profits of $922 million, or $1.44 per share, for the first quarter ending […]
April 24, 2014
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