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 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

Caterpillar sales slide in February

Caterpillar’s marine engine sales continued to decline in February, according to documents filed with the U.S. Securities and Exchange Commission. Sales were down 23 percent in February, compared to February 2009, the company reported. Sales were down 18 percent and 29 percent respectively in January and December when compared to the same months in the…more

Caterpillar sales dip in January

Caterpillar reported a decline in marine engine sales in January, down 18 percent compared with January 2009. However, the decline was less severe compared with declines of 35 percent and 29 percent in November and December respectively, according to documents filed with the Securities and Exchange Commission. Caterpillar reported sales declines in all segments, though…more

Caterpillar reports dip in marine engines sales

Caterpillar again reported a decline in marine engine sales for the three-month rolling period of October through December 2009 compared to the same months of 2008, according to documents filed with the Securities and Exchange Commission. December sales were down 29 percent, the company reported. November sales, as previously reported, were down 35 percent and…more

Caterpillar reports 4Q, year-end results

Caterpillar Inc. today announced sales and revenues of $32.4 billion for 2009, a decrease of 37 percent from $51.32 billion in 2008. Profit per share was $1.43, down 75 percent. Excluding redundancy costs of 75 cents, 2009 profit was $2.18 per share. Fourth-quarter sales and revenues were $7.9 billion, down 39 percent from the fourth…more

Caterpillar sales decline in November

Sales of Caterpillar marine engines were down 35 percent in November compared to the same month last year, according to documents filed with the Securities and Exchange Commission. For the three-month rolling period of September through November, marine sales were down in all three months. An 8 percent drop was reported for September and a…more

Caterpillar announces stock dividend

Caterpillar’s board of directors declared a quarterly cash dividend of 42 cents per share of common stock, payable Feb. 20 to those stockholders of record at the close of business Jan. 20. “The economic crisis of the last year has been unprecedented, but Caterpillar’s focus on preparing for a recession, dating back to the strategy…more

Caterpillar plant ships 5,000th engine

The Caterpillar Marine Center of Excellence in South Carolina recently shipped its 5,000th marine engine. The engine was an in-line, six-cylinder Cat C18 ACERT marine engine, rated at 1150 mhp (847 bkW). The milestone engine was completed in the first week of November and was shipped to the United Kingdom-based Cat dealer Finning for installation…more

Caterpillar sees marine-engine sales dip

Caterpillar’s marine engine sales were down in October, according to a report filed this week with the Securities and Exchange Commission. According to its three-month dealer statistics, which are compared with the same months of the prior year, marine engine sales were down 25 percent last month and 8 percent in September, but up 13…more

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