$CAT (Caterpillar Inc.)

$CAT {{ '2016-04-22T15:19:41+0000' | timeago}} • Webcast

Heavy equipment maker $CAT said that its 1Q16 sales were down $3.2Bil, $1.6Bil of that was energy and transportation, $1Bil construction, and $0.5Bil resources industries. The main driver of the $1.57 decline in profit per share was due to sales volume. Price realization also contributed another $234MM.

$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.

$CAT {{ '2017-04-25T13:03:47+0000' | timeago}} • Announcement

$CAT reported 1Q17 sales and revenues of $9.8Bil, up 4%, primarily due to higher sales volume, especially in Resource Industries. However, net income was $192MM, or $0.32 per share, compared to $271MM, or $0.46 per share in 1Q16, hurt by restructuring costs of $752MM. Excluding this cost, $CAT profit doubled to $1.28 per share.

$CAT {{ '2017-04-12T16:41:53+0000' | timeago}} • Announcement

$CAT announced that Ray Wilkins has been elected to its board of directors effective immediately. Mr. Wilkins also serves on the boards of Morgan Stanley and Valero Energy Corporation.

$CAT {{ '2017-03-03T11:50:16+0000' | timeago}} • Announcement

On March 2, 2017, law enforcement authorities entered three Peoria-area facilities of $CAT to execute a search and seizure warrant. The company believes the search was part of the investigation related to profits earned by CSARL, a Switzerland-based subsidiary. The company said it is cooperating with law enforcement.

$CAT {{ '2017-02-09T16:28:38+0000' | timeago}} • Announcement

$CAT said Law and Public Policy EVP Jim Buda is retiring. His retirement is effective May 1, 2017. Buda joined $CAT in 1987 after 13 years serving clients in both private and corporate practice.

$CAT {{ '2017-01-31T20:30:19+0000' | timeago}} • Announcement

$CAT has announced to create its global headquarters in Chicago, dismissing its previous plan of building a complex in Peoria, Illinois. The company will locate a limited group of senior executives and support staff in the Chicago area later this year, while also maintaining a bulk of employee presence in Peoria and Central Illinois.

$CAT {{ '2017-01-26T16:36:24+0000' | timeago}} • Webcast

$CAT has consolidated or closed more than 30 facilities and reduced its manufacturing floor space by 14% as part of its restructuring efforts since the end of 3Q15. The total workforce has declined by over 16,000 during this period. Restructuring costs in 2015 and 2016 totaled $1.9Bil and $CAT expects an additional $500MM in 2017.

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