Caterpillar Inc.

Caterpillar Inc., based in Peoria, Ill., is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.

Caterpillar reports 1Q results

Caterpillar Inc. lowered its outlook for 2013 after reporting first-quarter profits today that dropped 45 percent to $880 million, or $1.31 a share, from $1.59 billion in 2012. Revenue also dropped 17 percent, lower than analysts’ expectations. First quarter revenue and sales were $13.2 billion, a decline from $15.98 billion in the first quarter of…more

Caterpillar expected to report 1Q profit drop

Caterpillar is expected to report its second consecutive drop in quarterly profits for the first time since 2009 when it reports first-quarter earnings. Caterpillar has been hurt by an “over-supplied commodity environment” and a slowdown in China’s industrial economy, SeekingAlpha.com reported Goldman Sachs’ Jerry Revich as saying. Earnings per share is forecast to slump to…more

Caterpillar reports 4Q, year-end results

Caterpillar Inc. reported a profit dip in fourth-quarter earnings this week, which reflected a $580 million write-down after the company uncovered that Chinese subsidiary Siwei was found to have engaged in “deliberate, multi-year coordinated accounting misconduct.” A reduction in dealer inventory and wholesale shipments also negatively impacted fourth-quarter sales and profits, CEO Doug Oberhelman said…more

Caterpillar reports 1Q results

Growth in mining, strong replacement demand for products in the United States and a continued focus on cost management helped Caterpillar Inc. deliver a record quarterly profit per share of $2.37 in the first quarter of 2012, the company announced. This represents an increase of 29 percent from the first-quarter 2011 profit per share of…more

Caterpillar reports 4Q, year-end results

Caterpillar Inc. today reported record-breaking 2011 sales and revenues of $60.14 billion, an increase of 41 percent from $42.59 billion in 2010. Profit in 2011 was $4.93 billion, an increase of 83 percent from $2.7 billion in 2010. Profit per share of $7.40 was up 78 percent from $4.15 in 2010. Fourth-quarter sales and revenues…more

Caterpillar reports 3Q results

Caterpillar today reported a third-quarter 2011 profit per share of $1.71, up 40 percent from $1.22 per share in the third quarter of 2010. Profit was $1.14 billion, an increase of 44 percent from $792 million in the third quarter of 2010. Sales and revenues of $15.7 billion, an all-time record for the company, were…more

Caterpillar rolls out joystick and pod system

Caterpillar Marine Power Systems announced the introduction of joystick and pod solutions for marine propulsion for pleasure craft. Caterpillar dealers now will offer integrated propulsion and maneuvering solutions for customers, in addition to Caterpillar marine engines. The Caterpillar joystick and pod systems will feature proprietary Twin Disc QuickShift transmission technology. “We spend a lot of…more

Altima unveils 68-foot cruiser

Altima Yachts announced a new cruising yacht, the first in its new Voyager series. The Altima 68 Voyager motoryacht was designed to be the ideal long-range cruising yacht for couples and families. Bill Prince Yacht Design was responsible for the naval architecture and engineering. The Voyager 68 can be operated with or without professional crew. …more

Marine engine sales fall slightly at Caterpillar in July

Caterpillar reported a slowing rate of decline in marine engine sales in July, according to a report filed with the Securities and Exchange Commission. Marine engine sales were down 1 percent last month, compared with July 2010. In May and June, engine sales declined 27 percent and 21 percent, respectively, compared with the same months…more

Caterpillar settles Clean Air Act case

The U.S. Environmental Protection Agency and the U.S. Justice Department announced a settlement with Caterpillar to resolve alleged Clean Air Act violations for shipping more than 590,000 highway and non-road diesel engines without the correct emissions controls. Caterpillar also allegedly failed to comply with emission control reporting and engine-labeling requirements, the EPA said. Caterpillar will…more

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