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 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

Caterpillar to cut 2,500 jobs

Caterpillar announced plans to lay off approximately 2,500 U.S. employees in order to align production levels with demand and resource requirements. A breakdown of impacted employees by location will not be provided, Caterpillar said. The company also announced it has started bringing back some laid-off employees and expects to return others to jobs as demand…more

Caterpillar reports 3Q results

Caterpillar this week announced a third-quarter profit of 64 cents per share, down 75 cents per share from the third quarter of 2008. Sales and revenues of $7.3 billion were down 44 percent from $12.98 billion in the third quarter of 2008. Third-quarter profit of $404 million was down $464 million from $868 million in…more

Caterpillar marine engine sales drop in September

Caterpillar reports its marine engine sales were down last month, though up in the summer, according to documents filed with the Securities and Exchange Commission. Caterpillar reported marine engine sales were down 8 percent in September, after being up 13 percent in August and up 1 percent in July. Marine was the only segment that…more

Caterpillar announces price increases

Caterpillar is implementing a price increase of up to 2 percent on most machines worldwide, the company said in filings with the Securities and Exchange Commission. The price change will be effective in January and includes adjustments to list prices and merchandising support. The price change is a result of current industry factors and current…more

Caterpillar sees boost in marine-engine sales

Caterpillar’s marine engine sales were up for the three-month rolling period of May to July, compared to the same period last year, according to a dealer statistics report filed with the Securities and Exchange Commission. Sales were up 20 percent in May, 15 percent in June and 1 percent in July for the marine sector,…more

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