Tag: Caterpillar 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 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

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