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Caterpillar Inc. - CAT STOCK NEWS

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

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.

Rhea-AI Summary
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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Rhea-AI Summary
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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Rhea-AI Summary
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. (CAT) will release its Q4 and full-year 2023 financial results on Feb. 5, 2024. The release will be available on investors.caterpillar.com and PR Newswire. The company will conduct a teleconference and webcast for securities analysts and institutional investors at 7:30 a.m. CST on the same day. The conference call can be accessed via telephone and webcast, with a conference ID provided. A transcript from the call will be available on the company's website after the webcast. The replay will also be available on the website for those unable to participate in the live broadcast.
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Caterpillar Inc. collaborates with Microsoft and Ballard Power Systems to demonstrate the viability of using large-format hydrogen fuel cells to supply reliable and sustainable backup power for data centers. The successful demonstration provided valuable insights into the capabilities of fuel cell systems to power multi-megawatt data centers, ensuring uninterrupted power supply to meet 99.999% uptime requirements. The project simulated a 48-hour backup power event at Microsoft's data center in Cheyenne, Wyoming, where a hydrogen fuel cell was integrated into a data center electrical plant to support its critical load. The project is supported and partially funded by the U.S. Department of Energy Hydrogen and Fuel Cell Technologies Office (DOE) under the H2@Scale initiative, which brings stakeholders together to advance affordable hydrogen production, transport, storage, and utilization in multiple energy sectors.
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Caterpillar Inc. (NYSE: CAT) is set to showcase its electric machines and energy solutions at CES 2024, highlighting its commitment to innovation and sustainability. The exhibit will feature breakthrough innovations, including a zero-exhaust-emission underground loader for mining and a mini excavator, as well as a broad portfolio of integrated solutions for on-site power generation, energy storage, and digital monitoring. CES 2024, taking place in Las Vegas, is expected to draw 130,000 attendees.
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Caterpillar Inc. (CAT) signs electrification strategic agreement with CRH (CRH) to deploy zero-exhaust emissions solutions. CRH, the leading aggregates producer in North America, partners with Caterpillar to accelerate the deployment of 70 to 100-ton-class battery electric off-highway trucks and charging solutions. The collaboration aims to support CRH's climate-related objective of reducing greenhouse gas emissions by 30% by 2030 and achieving net-zero emissions by 2050.
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Caterpillar Inc. (NYSE: CAT) successfully demonstrated its first battery electric prototype underground mining truck, expanding its battery electric and semi-autonomous technology for underground mining applications. The demonstration for Newmont and other industry leaders took place in Tasmania, Australia, with input and support from Newmont Corporation. The milestone showcases the impact of strong collaboration in the mining industry and reflects the partnership between Newmont and Caterpillar, aiming to achieve a fully connected, automated, zero carbon emitting, end-to-end mining system. The battery electric truck will complete Caterpillar's first fully electric underground load and haul solution when paired with the commercially available R1700 XE battery electric loader. Caterpillar also demonstrated its growing autonomy and automation capabilities, addressing key safety challenges faced by underground customers and aiming to improve productivity and safety for underground mining customers. This demonstration is part of Caterpillar's progress in developing more sustainable offerings for the mining industry, both on the surface and underground.
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Caterpillar Inc.

NYSE:CAT

CAT Rankings

CAT Stock Data

182.59B
497.80M
0.2%
72.5%
2.61%
Construction Machinery Manufacturing
Manufacturing
Link
US
Deerfield

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.