Welcome to our dedicated page for Caterpillar news (Ticker: CAT), a resource for investors and traders seeking the latest updates and insights on Caterpillar stock.
Caterpillar Inc. (NYSE: CAT) is an American multinational corporation and the world's largest manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Ranked number 73 on the Fortune 500 list in 2018, Caterpillar has consistently demonstrated its industry leadership and resilience.
The company's operations are divided into four main segments: Construction Industries, Resource Industries, Energy & Transportation, and Cat Financial. Caterpillar's products are distributed worldwide through a robust dealer network of approximately 160 dealers operating about 2,700 branches globally. This network ensures the availability and serviceability of Caterpillar products, enhancing customer satisfaction and fostering long-term relationships.
Caterpillar's Construction Industries segment focuses on manufacturing and selling construction equipment such as backhoe loaders, compactors, and excavators. The Resource Industries segment is dedicated to heavy machinery used in mining and quarrying. The Energy & Transportation segment encompasses power generation, industrial and marine engines, and locomotives, while Cat Financial provides retail and wholesale financing solutions to customers and dealers, reinforcing the sales of Caterpillar products.
With 2023 sales and revenues amounting to $67.1 billion, Caterpillar reported significant financial performance, including record full-year sales, revenues, adjusted profit per share, and ME&T free cash flow. In the fourth quarter of 2023, the company achieved a 3% increase in sales and revenues to $17.1 billion, compared to $16.6 billion in the same period in 2022. The operating profit margin for this quarter was 18.4%, reflecting the company's strategic initiatives and efficiency improvements.
Caterpillar is committed to sustainability and innovation. The company is on a mission to build a better, more sustainable world, contributing to a reduced-carbon future. This commitment is reflected in their ongoing investment in research and development, aiming to produce energy-efficient and environmentally friendly machinery.
The company's latest financial results and performance updates can be accessed through their investor relations website and recent announcements. Caterpillar will continue to execute its strategy for long-term profitable growth, ensuring robust financial health and operational excellence.
For more information, visit the official Caterpillar website at caterpillar.com or follow their social media channels for the latest news and updates.
Cat Financial reported strong performance in 2024 with revenues of $3.49 billion, up 7% from 2023's $3.25 billion. The increase was driven by higher average financing rates ($153 million) and higher average earning assets ($127 million). Annual profit rose 6% to $598 million, despite a 30% decrease in profit before income taxes due to a $210 million loss on divestiture of a non-U.S. entity.
The company saw impressive retail new business volume of $13.24 billion, a 9% increase from 2023, primarily in North America. Past dues improved to 1.56% from 1.79%, reaching the lowest level since 2005. The fourth quarter showed revenue growth of 5% to $883 million, with profit increasing 115% to $357 million compared to Q4 2023.
Caterpillar Inc. (NYSE: CAT) reported its Q4 and full-year 2024 results. Fourth-quarter sales decreased 5% to $16.2 billion, while full-year sales declined 3% to $64.8 billion. The company achieved a Q4 profit per share of $5.78 and adjusted profit per share of $5.14, compared to $5.28 and $5.23 respectively in Q4 2023.
Full-year 2024 profit per share was $22.05, up from $20.12 in 2023, with adjusted profit per share of $21.90. Operating profit margin for Q4 2024 was 18.0%, slightly down from 18.4% in Q4 2023. The company generated strong enterprise operating cash flow of $12.0 billion and ended the year with $6.9 billion in enterprise cash.
During 2024, Caterpillar deployed $10.3 billion for shareholder returns, including $7.7 billion in share repurchases and $2.6 billion in dividends. The decrease in sales volume was primarily driven by lower sales of equipment to end users and changes in dealer inventories.
Caterpillar (NYSE: CAT) has scheduled the release of its fourth-quarter and full-year 2024 financial results for January 30, 2025, at 5:30 a.m. CST. The company will host a live teleconference and webcast with securities analysts and institutional investors at 7:30 a.m. CST on the same day.
The earnings release will be available on Caterpillar's investor relations website and PR Newswire, and will be filed with the SEC via Form 8-K. Supporting materials will be accessible before the webcast. The conference call can be accessed through both toll-free (800-715-9871) and toll (+1-646-307-1963) numbers using conference ID 8413516.
A replay of the webcast and transcript will be available on the company's website following the event, though no telephone replay will be provided.
Caterpillar Inc. (NYSE: CAT) announced that Chief Human Resources Officer Cheryl H. Johnson will retire on April 30, 2025, after seven years with the company. Chairman and CEO Jim Umpleby acknowledged Johnson's contributions in transforming CAT's HR function, focusing on talent development, and fostering continuous improvement.
Johnson joined Caterpillar in 2017 after a 20-year career at Textron, where she led worldwide human resources, corporate communications, real estate, community affairs, and aviation operations. She currently serves on the board of Flowserve and the HR Policy Association, and is a member of the Executive Leadership Council. The company has initiated a search for a new CHRO.
Caterpillar Inc. (NYSE: CAT) is celebrating its 100th anniversary, marking a century since the merger of Holt Manufacturing Company and C.L. Best Tractor Co. in 1925. The company kicked off celebrations across the U.S., including events in Sanford, North Carolina, Peoria, Illinois, and its global headquarters in Irving, Texas.
The company launched a Centennial World Tour to showcase an interactive experience at Caterpillar facilities globally. To commemorate the milestone, Caterpillar is offering -edition 'Centennial Grey' painted machines for purchase in 2025.
From its first track-type tractor for combine harvesters to today's autonomous construction and mining equipment, Caterpillar has evolved into a global leader in infrastructure development and sustainable solutions. CEO Jim Umpleby expressed confidence in the company's continued growth and innovation for the next century.
Caterpillar Inc. (NYSE: CAT) launched its centennial celebration at CES 2025, showcasing innovative technologies that will shape industry's future. The company is highlighting its investments in autonomy, connectivity, digital solutions, alternative fuels, and electrification to address energy transition and future jobsite development.
The exhibition features the Cat® 972 Wheel Loader, a 55,000-pound machine with Extended Range Electrified Machine (EREM) hybrid retrofit technology, developed in just 12 weeks. This battery-electric demonstrator maintains diesel-equivalent performance without requiring DC charging infrastructure.
Additional showcase elements include a 24-hour electrified jobsite simulation, a Centennial Hub displaying 100 years of technological advancement, and Cat® Command technologies demonstrating remote-control capabilities. The event runs from January 7-10, 2025, at LVCC West Hall, booth #6416 in Las Vegas.
Caterpillar (NYSE: CAT) announced the maintenance of its quarterly dividend at $1.41 per share of common stock. The dividend will be payable on February 20, 2025, to shareholders of record as of January 21, 2025. The company has maintained a consistent track record of paying cash dividends since its formation and quarterly dividends since 1933. Notably, Caterpillar has increased its annual dividends for 31 consecutive years and holds a position in the S&P 500 Dividend Aristocrats Index.
Caterpillar Inc. (NYSE: CAT) has launched its third Global Operator Challenge, a worldwide competition for heavy equipment operators. The challenge invites operators from over 40 countries to demonstrate their skills on various construction equipment and technology.
The previous 2022-2023 challenge saw participation from more than 10,000 operators across 32 countries, with over 140 Cat dealer competitions. The 2025-2026 challenge aims to expand its reach further.
The competition will run from January to September 2025 for local rounds, followed by regional semifinals in fall 2025. Nine finalists will compete in March 2026 at CONEXPO-CON/AGG in Las Vegas. The winner will receive either a $10,000 cash prize or an equivalent value trip.
Caterpillar Inc. (NYSE: CAT) and its employees, retirees, and the Caterpillar Foundation have pledged $15.2 million to United Way chapters across the US, Mexico, Canada, and Panama for 2024-2025. This marks a record-breaking amount for the third consecutive year, increasing from $14.8 million in 2023. During August and September, employees contributed over 14,500 volunteer hours through the Foundation's Volunteer Service Match Program. The Caterpillar Foundation matches employee and retiree donations dollar for dollar, with over $236 million raised since 2000. The campaign supports 528 United Way chapters globally.
Caterpillar Inc. (NYSE: CAT) has successfully demonstrated the fully autonomous operation of its Cat® 777 off-highway truck at Luck Stone's Bull Run plant in Chantilly, Va. This marks Caterpillar's first autonomous technology deployment in the aggregates industry, expanding its 100-ton-class autonomous truck fleet. The project stems from a December 2022 partnership with Luck Stone, the largest family-owned crushed stone producer in the US. Caterpillar's autonomous trucks have already moved over 8.62 billion tonnes across three continents, covering more than 325 million kilometers. The Bull Run deployment serves as a testing ground for scaling the technology across the quarry and aggregates industry.
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