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 unveils service programs

Caterpillar Marine Power Systems announced the availability of two product support initiatives – the Marine Advantage program and additional Extended Service Coverage plans – specifically for recreational marine engines. The new Marine Advantage program enables customers to receive complete coverage on Caterpillar engines for as long as 10 years. Building on the initial success of…more

Caterpillar reports drop in marine engine sales

Caterpillar continued to report a decline in marine engine sales, according to documents filed with the Securities and Exchange Commission. Sales in the segment were down 15 percent in December, compared with December 2009. Sales were down 4 percent in November and 14 percent in October 2010, compared with those months in 2009, the company…more

Caterpillar reports 4Q, year-end results

Caterpillar announced sales and revenue of $42.6 billion for 2010, an increase of 31 percent from $32.4 billion in 2009. Profit in 2010 was $2.7 billion, an increase of 202 percent from a 2009 profit of $895 million. Profit per share of $4.15 was up from $1.43 in 2009, the company said. Fourth-quarter sales and…more

Caterpillar marine engine sales drop in November

Caterpillar reported a slight decline in marine engine sales for November, compared with November 2009, the company said in a report to the Securities and Exchange Commission. Marine engine sales in November 2010 were down 4 percent compared with the year-earlier month. That is less of a decline than the company had posted in the…more

Caterpillar marine-engine sales fall in October

Caterpillar reported a decline in marine-engine sales for October compared with October 2009. However, the rate of decline was less than the previous two months. Sales in October were down 14 percent compared with 2009. Sales were down 38 percent in September and 40 percent in August, compared with the same months in 2009. October…more

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

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