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Caterpillar Inc. - $CAT STOCK NEWS

Welcome to our dedicated page for Caterpillar news (Ticker: $CAT), a resource for investors and traders seeking the latest updates and insights on Caterpillar stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Caterpillar's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Caterpillar's position in the market.

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Caterpillar Inc. (NYSE: CAT) released its 2023 company reports highlighting sustainability efforts, financial accomplishments, and contributions to a more sustainable world. CEO Jim Umpleby praised the global team's progress, emphasizing strong financial results and sustainability initiatives.

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Caterpillar Inc. (NYSE: CAT) will hold a virtual annual shareholder meeting on June 12, 2024. Shareholders owning CAT stock as of April 15, 2024, can participate, submit questions, and vote on various agenda items. Details can be found in Caterpillar's 2024 proxy statement.

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Caterpillar Inc. announced the voluntary delisting of its shares from Euronext Paris and the SIX Swiss Exchange due to low trading volume and administrative costs. Following delisting, its common stock will continue to trade on the NYSE. Shareholders have the option to keep their shares or participate in a voluntary sales facility on the NYSE. Société Générale will act as the centralizing agent for the sales facility. The delisting process is expected to be completed by May 28, 2024.

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Cat Financial reported strong first-quarter 2024 results with revenues of $853 million, a 11% increase from last year, driven by higher financing rates and earning assets. Profit and profit before taxes also saw significant growth. Retail new business volume rose by 11% to $2.74 billion, with past dues decreasing and write-offs increasing. The company's allowance for credit losses improved.
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Caterpillar Inc. (NYSE: CAT) reported strong first-quarter 2024 results with sales and revenues of $15.8 billion. The company achieved a profit per share of $5.75 and adjusted profit per share of $5.60. Caterpillar deployed $5.1 billion for share repurchases and dividends, showcasing robust financial performance.
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Caterpillar Inc. (NYSE: CAT) will release its first-quarter 2024 financial results on April 25, 2024. The release will be available on investors.caterpillar.com and PR Newswire. A teleconference and webcast will follow at 7:30 a.m. CDT on the same day.
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Caterpillar Inc. (CAT) maintains its quarterly dividend of $1.30 per share, payable on May 20, 2024, continuing its streak of annual dividends for over 30 years. The company is part of the S&P 500 Dividend Aristocrats Index.
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In 2023, Cat Financial reported revenues of $3.25 billion, a 19% increase from 2022. Profit was $563 million, up 5% from the previous year. The provision for income taxes reflected a 25% annual tax rate for 2023, compared with 26% for 2022. Retail new business volume was $12.11 billion, an increase of 7% from 2022. Past dues were 1.79%, compared with 1.89% in 2022. Write-offs, net of recoveries, were $65 million for 2023, compared with $46 million for 2022. Fourth-quarter 2023 revenues were $841 million, an increase of 16% from the fourth quarter of 2022. Fourth-quarter 2023 profit was $166 million, up 41% from the previous year.
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Caterpillar Inc. (NYSE: CAT) reported a 3% increase in sales and revenues for the fourth quarter of 2023, and a 13% increase for the full year. The company achieved a profit per share of $5.28 in Q4 2023, compared to $2.79 in Q4 2022, and $20.12 for the full year. Adjusted profit per share was $5.23 in Q4 2023, compared to $3.86 in Q4 2022, and $21.21 for the full year. Operating cash flow was $12.9 billion for 2023, and the company returned $7.5 billion to shareholders through share repurchases and dividends. The company's Chairman and CEO, Jim Umpleby, expressed pride in the company's strong performance, achieving record sales, profit per share, and free cash flow in 2023.
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Freeport-McMoRan Incorporated (NYSE:FCX) expects to sell 4.1 billion pounds of copper, 2 million ounces of gold, and 85 million pounds of molybdenum in 2024. Growing demand for copper and higher prices for gold are boosting the company's fortunes, driven by closures and disruptions at various copper mines worldwide, which have driven prices higher for the metal. Industrial Info is tracking nearly $13 billion worth of active and planned projects from Freeport-McMoRan worldwide.
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Caterpillar Inc.

NYSE:CAT

CAT Rankings

CAT Stock Data

168.72B
497.80M
0.2%
72.5%
2.61%
Construction Machinery Manufacturing
Manufacturing
Link
United States of America
IRVING

About CAT

Caterpillar Inc. is an American construction equipment manufacturer. The company is the worlds largest manufacturer of construction equipment. In 2018, Caterpillar was ranked number 73 on the Fortune 500 list and number 265 on the Global Fortune 500 list.