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 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

Caterpillar reports 2Q results

Caterpillar Inc. today reported declines in revenue and profit for the second quarter of 2009, but chairman and CEO Jim Owens said he is seeing signs of stability in the economy. “Credit markets have improved significantly. Fiscal policy and monetary stimulus have been introduced around the world, and we are seeing signs, particularly in China,…more

Caterpillar marine sales up in May

Caterpillar reports its marine engine sales were up 20 percent in May, compared with the same month of 2008, according to a report filed with the Securities and Exchange Commission. For May, marine was the only engine segment to report an increase. In total, sales of engines in all segments were down 21 percent for…more

Caterpillar CEO sees return of higher sales

At its 2009 annual meeting, Caterpillar chairman and CEO James W. Owens told stockholders he expects the company’s sales to return to previous levels in the next five years, according to documents filed with the Securities and Exchange Commission. “I would put odds around 80 percent that in the next five years or so we…more

Caterpillar reports increase in marine sales

Sales of Caterpillar’s marine engines were up 48 percent last month compared to April 2008, the company said in a report filed this week with the Securities and Exchange Commission. Also, the company reported sales were up 12 percent in March and 19 percent in February, compared to those months in 2008. No specific unit…more

Caterpillar cuts employees’ hours

Nearly 1,000 employees at Caterpillar’s Lafayette, Ind., plant will have their hours cut by at least 50 percent beginning in August, according to a notice filed with Indiana’s Department of Workforce Development. The Lafayette plant makes diesel engines for marine, petroleum, electric power, locomotive and industrial uses. “No employees are being placed on layoff as…more

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