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 to build engine factory in China

Caterpillar announced that it will build a state-of-the-art $300 million manufacturing facility in Tianjin, China, to increase its worldwide capacity for large-engine production. Once operational in 2013, the facility will be Caterpillar’s third global source for its 3500 series engines. The facility in Tianjin will focus on producing engines for customers in China and the…more

Caterpillar reports 3Q results

Caterpillar today reported a third-quarter profit of $792 million, 96 percent higher than the company’s $404 million profit in the third quarter last year. The profit per share was $1.22, an increase from 64 cents a share in the third quarter of 2009. Sales and revenues of $11.1 billion were up 53 percent from $7.3…more

Caterpillar to continue dividend at current rate

The Caterpillar board of directors voted to maintain the quarterly cash dividend of 44 cents per share of common stock, payable Nov. 20 to stockholders of record at the close of business on Oct. 25. “We remain focused on improving our cash flow, strengthening our balance sheet and providing solid returns that reward stockholders,” company…more

Caterpillar will raise prices in January

Caterpillar will increase prices on its products by as much as 2 percent worldwide, effective in January, the company said in a report to the Securities and Exchange Commission. “Consistent with our prior announcement, our first emissions-related price increases of 2 to 6 percent will also apply in January for applicable products and regions,” the…more

Caterpillar reports drop in marine-engine sales

Caterpillar reported a decline in marine engine sales in July, saying they dropped 34 percent from the same month last year. Sales were up in all other segments for which the company supplies engines, according to a report recently filed with the Securities and Exchange Commission. Caterpillar also had reported a drop in sales in…more

Caterpillar engine sales drop in June

Caterpillar’s marine engine sales were down 29 percent in June, compared to the same month last year, according to a report filed with the Securities and Exchange Commission. This is the third consecutive month marine engine sales have seen a decline. Sales were down 27 percent in May and 35 percent in April, compared to…more

Caterpillar reports 2Q earnings

Caterpillar today reported a second-quarter profit of $1.09 per share, an increase of 49 cents per share from a profit of 60 cents per share in the second quarter of 2009. Profit of $707 million was 91 percent higher than the second-quarter 2009 profit of $371 million. Sales and revenues of $10.41 billion were up…more

Caterpillar marine engine sales down in April

Caterpillar this week reported a continued decline in the sale of marine engines. Sales for April, when compared to the same month of last year, were down 35 percent. The engine manufacturer also reported double-digit declines in February and March. Sales were down in April for all segments, except for industrial, which saw a 5…more

Caterpillar makes changes to corporate ranks

Caterpillar announced a number of executive changes to streamline its corporate structure. Once he becomes CEO, effective July 1, vice chairman Doug Oberhelman will not be replaced as a group president, reducing number of group presidents from six to five. “We are sharpening our focus and creating a leaner, more responsive Caterpillar by giving each…more

Caterpillar reports 1Q results

Caterpillar Inc. today reported a first-quarter profit of 36 cents per share, up 55 cents per share from a loss of 19 cents per share in the first quarter of 2009. “Economic conditions are definitely improving, particularly in the world’s developing economies. Industry activity and orders are significantly higher than last year and are at…more

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