Caterpillar - CAT STOCK NEWS

Cat Financial reported mixed results for Q1 2025, with revenues slightly up but profits down significantly. Revenues increased 1% to $860 million, primarily due to higher average earning assets, while profit decreased 23% to $130 million.

The profit decline was mainly attributed to two factors: the absence of a $33 million insurance settlement from Q1 2024 and higher provision for credit losses of $22 million. However, retail new business volume showed strong growth, increasing 8% to $2.96 billion across all regions.

Portfolio health indicators were mixed, with past dues improving to 1.58% from 1.78% year-over-year. Write-offs decreased significantly to $20 million from $55 million in Q1 2024. The allowance for credit losses stood at $282 million, representing 0.95% of finance receivables.

Caterpillar reported mixed first-quarter 2025 results, with sales and revenues declining 10% to $14.2 billion compared to $15.8 billion in Q1 2024. The company's profit per share decreased to $4.20 from $5.75 year-over-year, while adjusted profit per share was $4.25.

The decline was primarily attributed to lower sales volume ($1.1 billion decrease) and unfavorable price realization ($250 million). Operating profit margin fell to 18.1% from 22.3% in the previous year. Despite challenges, the company maintained strong shareholder returns, deploying $4.3 billion through share repurchases ($3.7 billion) and dividends ($0.7 billion).

Sales decreased across all segments: Construction Industries (-19%), Resource Industries (-10%), and Energy & Transportation (-2%). The company ended Q1 with $3.6 billion in enterprise cash and generated $1.3 billion in operating cash flow.

Caterpillar (NYSE: CAT) has scheduled the release of its first-quarter 2025 financial results for April 30, 2025, at 5:30 a.m. CDT. The company will host a live teleconference and webcast with securities analysts and institutional investors at 7:30 a.m. CDT on the same day.

The earnings release will be available on Caterpillar's investor relations website and PR Newswire, and will be filed with the SEC via Form 8-K. Interested parties can access the one-hour conference call through a toll-free number (800-715-9871) or international number (+1-646-307-1963) using conference ID 8390933. Supporting materials will be available before the webcast, and a transcript will be posted afterward on the company's investor website.

Caterpillar (NYSE: CAT) announced a significant leadership transition as Chairman and CEO Jim Umpleby will become Executive Chairman effective May 1, 2025, with COO Joseph E. Creed succeeding him as CEO. Umpleby's eight-year tenure as CEO saw remarkable growth, with the company achieving record full-year adjusted profit per share in 2024, increasing more than sixfold during his leadership.

Creed, a 28-year Caterpillar veteran, brings extensive experience across multiple divisions, having served as CFO for Energy & Transportation, VP of Finance Services, interim CFO, and most recently as COO since November 2023. The transition comes as Caterpillar celebrates its 100th anniversary, with Debra L. Reed-Klages continuing as independent Presiding Director.

Caterpillar (NYSE: CAT) marks its centennial celebration with a groundbreaking $100 million pledge over the next five years to prepare the future workforce. The investment aims to equip workers with essential skills needed in an era of rapid digital transformation.

According to The Future of Jobs Report 2025, the next five years will see the creation of 170 million new jobs requiring technology-driven skills including AI, automation, data analytics, and robotics maintenance. The initiative builds upon Caterpillar's existing programs such as ThinkBIG, STEM outreach, and the Global Dealer Technician Challenge.

As part of its centennial world tour, the company is organizing local celebrations globally. The Caterpillar Foundation will make charitable donations to local nonprofit organizations at each tour stop, reinforcing the company's commitment to community development and sustainability initiatives.

Caterpillar (NYSE: CAT) has announced the maintenance of its quarterly dividend at $1.41 per share of common stock. The dividend will be payable on May 20, 2025, to shareholders of record as of April 21, 2025.

The company highlights its consistent dividend payment history, having distributed cash dividends every year since its formation and quarterly dividends since 1933. Notably, Caterpillar has increased its annual dividend payments for 31 consecutive years, earning its position as a member of the S&P 500 Dividend Aristocrats Index.

Caterpillar (NYSE: CAT) marks its 100th anniversary at bauma Munich 2025, focusing on 'The Next 100 Years' of innovation and sustainability. The world's leading construction equipment trade show, running April 7-13, 2025, features Caterpillar's comprehensive exhibit highlighting future-focused solutions.

The exhibition includes the Performance Center demonstrating integrated power, machinery, and autonomy solutions, with simulations showing how new machine technologies reduce fuel consumption and emissions. The company is showcasing 48 machines, including 17 new introductions or upgrades, alongside VisionLink® features and Cat Command capabilities for remote-control and autonomous operations.

Key highlights include Customer Value Agreements (CVAs), a comprehensive electrification ecosystem, and industrial engines compatible with renewable fuels like 100% HVO. The exhibit features new developments such as the C13D engine, a high-power C3.6 engine, a series hybrid power expansion powertrain, and hydrogen engine testing demonstrations.

Caterpillar Inc. (NYSE: CAT) has appointed Christy Pambianchi as Chief Human Resources Officer (CHRO), effective May 1. Pambianchi will join Caterpillar's Executive Office, succeeding Cheryl H. Johnson, whose retirement was announced in January.

Pambianchi brings 18 years of CHRO experience across multiple industries, most recently serving as Chief People Officer at Intel, where she managed Human Resources, Corporate Real Estate, Corporate Social Responsibility, and the Transformation Management Office. At Intel, she oversaw operations for a company with over $53 billion in annual revenue.

Prior to Intel, Pambianchi held CHRO positions at Verizon and Corning, with responsibilities including information technology and comprehensive human resources management. She also worked at PepsiCo in roles of increasing responsibility. Pambianchi holds a bachelor's degree from Cornell University's School of Industrial and Labor Relations and is a fellow of the National Academy of Human Resources.

Cat Financial reported strong performance in 2024 with revenues of $3.49 billion, up 7% from 2023's $3.25 billion. The increase was driven by higher average financing rates ($153 million) and higher average earning assets ($127 million). Annual profit rose 6% to $598 million, despite a 30% decrease in profit before income taxes due to a $210 million loss on divestiture of a non-U.S. entity.

The company saw impressive retail new business volume of $13.24 billion, a 9% increase from 2023, primarily in North America. Past dues improved to 1.56% from 1.79%, reaching the lowest level since 2005. The fourth quarter showed revenue growth of 5% to $883 million, with profit increasing 115% to $357 million compared to Q4 2023.