$CAT (Caterpillar Inc.)

$CAT {{ '2016-02-24T16:52:26+0000' | timeago}} • Announcement

Maker of machinery and engines $CAT said that Steve Niehaus, VP of Electric Power Division (EPD) is retiring. Following this retirement, the company will consolidate the Electric Power and Marine & Petroleum Power Divisions (MPPD) into the new Electric Power, Marine and O&G Division (EPMOG), led by MPPD VP Tom Frake, effective June 1, 2016.

$CAT {{ '2017-07-25T21:44:47+0000' | timeago}} • Webcast

$CAT expects Construction Industries sales for FY17 to be up 10-15% compared to previous outlook of flat to up 5%. This is mainly driven by increased demand in China and North America. Sales for Resource Industries is expected to be up 20-25% and Energy and Transportation sales is expected to be up 5-10%.

$CAT {{ '2017-07-25T21:40:00+0000' | timeago}} • Webcast

$CAT incurred $169MM restructuring costs during 2Q17, $30MM higher than 2Q16. The company also had a pre-tax gain of $85MM during the quarter, linked to the sale of investment in IronPlanet.

$CAT {{ '2017-07-25T21:36:13+0000' | timeago}} • Webcast

During 2Q17, $CAT reported increased sales in its three primary product segments. Construction Industry sales were up 11% to $4.9Bil, helped by higher sales volume in Asia Pacific and Latin America. Resource Industries reported 21% growth in sales followed by Energy and Transportation that reported 5% growth in sales during the quarter.

$CAT {{ '2017-07-25T14:10:48+0000' | timeago}} • Infographic

$CAT Caterpillar Earnings AlphaGraphics: Q2 2017 Highlights

$CAT {{ '2017-07-25T13:32:23+0000' | timeago}} • Announcement

$CAT, that is still under investigation by IRS, raised its FY17 sales and revenues guidance to about $42-44Bil from $38-41Bil, with a midpoint of  $43Bil. The company expects its FY17 profit per share to be about $3.50 and adjusted profit per share to be about $5.00.

$CAT {{ '2017-07-25T13:24:52+0000' | timeago}} • Announcement

Construction and mining equipment maker $CAT reported 10% rise in its 2Q17 sales and revenues to $11.33Bil. This increase was mainly due to higher sales volume, especially in Construction Industries. Net income rose 46% to $802MM, or $1.35 per share, compared to $550MM, or $0.93 per share during 2Q16. Excluding items, $CAT earned $1.49 per share.

$RPM {{ '2017-07-19T13:03:55+0000' | timeago}} • Announcement

$RPM appointed Julie Lagacy to its BoD, effective immediately, and has nominated Robert Livingston as a director candidate for election to the board at its annual stockholders' meeting on Oct. 5, 2017. Lagacy is VP of global information services and CIO at $CAT, and Livingston is president and CEO of $DOV.

$CAT {{ '2017-07-18T12:38:52+0000' | timeago}} • Announcement

$CAT's BoD appointed  Cheryl H. Johnson as the Chief Human Resources Officer (CHRO) effective July 24, 2017. In this new role, Johnson will report directly to the CEO Jim Umpleby, and will be a member of company's executive office. Prior to this she was the EVP of human resources at $TXT.

$TXT {{ '2017-07-17T20:16:24+0000' | timeago}} • Announcement

$TXT named Julie Duffy as EVP, Human Resources, effective immediately. Duffy succeeds Cheryl Johnson, who has been named Chief Human Resources Officer at $CAT. Duffy will report directly to $TXT Chairman and CEO Scott Donnelly.

$CAT {{ '2017-06-28T15:57:04+0000' | timeago}} • Announcement

$CAT has named Karl Weiss, VP of the Earthmoving division, as VP of the Material Handling & Underground division, to replace Doug Hoerr who retired. Frederic Istas has been named VP of the Earthmoving Division. Jean Savage, CTO and VP of the Innovation & Technology Development division, has been named VP of the Surface Mining & Technology division.

$CAT {{ '2017-06-28T15:43:09+0000' | timeago}} • Announcement

Excavator maker $CAT said Doug Hoerr, VP of the Material Handling & Underground division, has decided to retire after serving the company for 24 years. Meanwhile, Tom Bluth, currently VP of the Surface Mining & Technology division, has been named Caterpillar’s CTO and VP of the Innovation & Technology Development division.

$CAMP {{ '2017-06-27T21:23:13+0000' | timeago}} • Webcast

As $CAMP reported 1Q18 results, it said that $CAT accounted for nearly $10MM in CalAmp's revenues. This was around 12% higher than the comparable quarter last year. CalAmp expects current year revenues with Catterpillar to grow in the range of 10-20% over last year.

$CAT {{ '2017-06-14T18:06:42+0000' | timeago}} • Announcement

$CAT BoD voted to increase the quarterly cash dividend by one cent to $0.78 per share, payable August 19, 2017, to shareholders of record at the close of business on July 20, 2017.

$CAT {{ '2017-04-25T17:10:35+0000' | timeago}} • Webcast

$CAT said the increase in aftermarket part sales for Resource Industries was broad across all four regions. The company is seeing good activity in iron ore and coal in Australia and good activity for copper in Latin America. There is a lot of work going on in coal in North America and the CIS region is doing well for gold mining.

$CAT {{ '2017-04-25T17:00:00+0000' | timeago}} • Webcast

$CAT expects Solar Turbines to be flat in 2017 versus 2016. The backlog for Solar was up slightly in 1Q17 as the company continues to take orders moving out into 2018. Solar is continuing as expected on about flat sales for 2017 versus 2016.

$CAT {{ '2017-04-25T16:45:35+0000' | timeago}} • Webcast

$CAT said its Resource Industries segment delivered $158MM in operating profit for 1Q17 and the company is pleased with the segment’s margin performance. $CAT expects Resource Industries to either break-even or perform slightly better through the rest of the quarters of 2017.

$CAT {{ '2017-04-25T16:35:31+0000' | timeago}} • Webcast

$CAT had favorable mix in 1Q17 which is not expected to continue for the remainder of 2017. The company expects pressure on price and material costs in 2H17. $CAT is committed to incremental profit flow-through for full-year 2017 and its outlook reflects almost 50% operating profit pull-through.

$CAT {{ '2017-04-25T14:52:57+0000' | timeago}} • Announcement

$CAT Caterpillar Earnings AlphaGraphics: Q1 2017 Highlights

$CAT {{ '2017-04-25T13:15:20+0000' | timeago}} • Announcement

$CAT had 6% less full-time employees at the end of 1Q17, compared to the same period last year.  Flexible workforce decreased by about 300 for a total decrease in the global workforce of about 6,400. The decrease was primarily the result of restructuring programs.

$CAT {{ '2017-04-25T13:09:32+0000' | timeago}} • Announcement

$CAT upgraded its FY17 outlook for sales and revenue to a range of $38-41Bil with a midpoint of $39.5Bil. It now expects EPS of about $2.10 at the midpoint of the revenues outlook range, or about $3.75 excluding restructuring costs. $CAT expects to incur about $1.25Bil of restructuring costs in 2017, an increase of $750MM from the prior outlook.

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