Last price update: 17 Dec 24 23:00 GMT
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact track and multi-terrain loaders, excavators, motorgraders, pipelayers, road reclaimers, site prep tractors, skid steer loaders, telehandlers, and utility vehicles; mini, small, medium, and large excavators; compact, small, and medium wheel loaders; track-type tractors and loaders; and wheel excavators. The Resource Industries segment provides electric rope shovels, draglines, hydraulic shovels, rotary drills, hard rock vehicles, track-type tractors, mining trucks, longwall miners, wheel loaders, off-highway trucks, articulated trucks, wheel tractor scrapers, wheel dozers, fleet management, landfill compactors, soil compactors, machinery components, autonomous ready vehicles and solutions, select work tools, and safety services and mining performance solutions. The Energy & Transportation segment offers reciprocating engines, generator sets, integrated systems and solutions, turbines and turbine-related services, remanufactured reciprocating engines and components, centrifugal gas compressors, diesel-electric locomotives and components, and other rail-related products and services for marine, oil and gas, industrial, and electric power generation sectors. The company’s Financial Products segment provides operating and finance leases, installment sale contracts, working capital loans, and wholesale financing plans; and insurance and risk management products for vehicles, power generation facilities, and marine vessels. The All Other operating segment manufactures filters and fluids, undercarriage, ground engaging tools, etc. The company was formerly known as Caterpillar Tractor Co. and changed its name to Caterpillar Inc. in 1986. The company was founded in 1925 and is headquartered in Deerfield, Illinois.
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CAT's revenue should benefit from strong end markets, healthy backlog levels, and improvement in supply chain constraints. The margins should benefit from the higher price realization and moderation in higher input costs.
Caterpillar is a true dividend aristocrat, as the company has increased its dividend per share for many years. Despite headwinds such as supply chain constraints and inflationary pressures, Caterpillar's results were impressive, total revenue for fiscal year 2022 increased by 16.5% and adjusted EPS increased by 28%.
Irving, texas , feb. 3, 2023 prnewswire caterpillar inc. ( nyse cat) has released the purpose of engagement, the company' s first lobbying report. the inaugural report details how and why caterpillar participates in the public policy process, advocating for a range of issues that advance the company' s strategy and purpose while providing value to customers, shareholders, employees and other stakeholders.
Fourth quarter 2022 sales and revenues up 20%; full year sales and revenues up 17% fourth quarter 2022 profit per share of 2.79; adjusted profit per share of 3.86 fourth quarter 2022 included an unfavorable me& t foreign currency impact of 0.41 per share in other income ( expense), which negatively impacted profit per share and adjusted profit per share full year profit per share of 12.64; adjusted profit per share of 13.84 strong operating cash flow of 7.8 billion; ended the year with 7.0 billion of enterprise cash returned 6.7 billion to shareholders through share repurchases and dividends in 2022 irving, texas , jan. 31, 2023 prnewswire fourth quarter full year ( in billions except profit per share) 2022 2021 2022 2021 sales and revenues 16.6 13.8 59.4 51.0 profit per share 2.79 3.91 12.64 11.83 adjusted profit per share 3.86 2.69 13.84 10.81 caterpillar inc. ( nyse cat) today announced fourth quarter and full year results for 2022. sales and revenues for the fourth quarter of 2022 were 16.6 billion, a 20% increase compared with 13.8 billion in the fourth quarter of 2021.
Deal will help to accelerate the development of caterpillar' s electrified product portfolio irving, texas , jan. 6, 2023 prnewswire caterpillar inc. ( nyse cat) announced the company is investing in lithos energy, inc., a u. s. based battery technology company that produces lithium ion battery packs. " caterpillar' s collaboration with lithos supports our commitment to delivering robust electrified products and solutions for our customers," said joe creed, group president of caterpillar' s energy & transportation segment.
Irving, texas , dec. 20, 2022 prnewswire caterpillar inc. ( nyse cat) announced today that dr. lou balmer millar will assume responsibility for the chief sustainability officer role in addition to her current responsibility as senior vice president of the large power systems division within the energy and transportation segment. balmer millar succeeds julie lagacy, who was caterpillar' s first chief sustainability & strategy officer and is retiring february 1, 2023, after nearly 35 years of dedicated service.
Irving, texas , dec. 15, 2022 prnewswire caterpillar inc. ( nyse cat) announced today a collaboration with luck stone, the NAT ion' s largest family owned and operated producer of crushed stone, sand and gravel, to deploy caterpillar' s autonomous solution to luck stone' s bull run plant in chantilly, virginia. this will be caterpillar' s first autonomous deployment in the aggregates industry and will expand the company' s autonomous truck fleet to include the 100 ton class (90 tonne class) cat 777.
Irving, texas , dec. 14, 2022 prnewswire the board of directors of caterpillar inc. ( nyse cat) voted today to maintain the quarterly dividend of one dollar and twenty cents ( 1.20) per share of common stock, payable february 17, 2023, to shareholders of record at the close of business on january 20, 2023. caterpillar has paid a cash dividend every year since the company was formed and has paid a quarterly dividend since 1933.
Irving, texas , nov. 22, 2022 prnewswire caterpillar inc. ( nyse cat) announced today a successful demonstration of its first battery electric 793 large mining truck and a significant investment to transform its arizona based proving ground into a sustainable testing and validation hub of the future. caterpillar completed development of its first battery electric 793 prototype with support from key mining customers participating in caterpillar' s early learner program.
Funds will help improve the lives of individuals in communities across the united states, mexico, canada and panama irving, texas , nov. 3, 2022 prnewswire caterpillar inc. ( nyse cat) employees and retirees together with the caterpillar foundation, the philanthropic organization of caterpillar, have pledged more than 13.8 million to the united way CHAP ters across the united states, mexico, canada and panama as part of its 2022 2023 campaign. this record amount is a 1 million increase from 2021.
Third quarter 2022 sales and revenues increased 21% to 15.0 billion third quarter 2022 profit per share of 3.87; adjusted profit per share of 3.95 returned 2.0 billion to shareholders through share repurchases and dividends in the quarter irving, texas , oct. 27, 2022 prnewswire third quarter ( in billions except profit per share) 2022 2021 sales and revenues 15.0 12.4 profit per share 3.87 2.60 adjusted profit per share 3.95 2.66 caterpillar inc. ( nyse cat) announced third quarter 2022 sales and revenues of 15.0 billion, a 21% increase compared with 12.4 billion in the third quarter of 2021. the increase was primarily due to favorable price realization and higher sales volume.
Irving, texas , oct. 13, 2022 prnewswire caterpillar inc. ( nyse cat) today announced that its board of directors has waived the policy requiring caterpillar' s chairman and ceo, jim umpleby, to retire at age 65. umpleby has agreed to remain in his position beyond february 2023, when he turns 65.
