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.
Caterpillar Inc. (NYSE: CAT) generates a steady flow of news that reflects its role in construction machinery manufacturing, mining equipment, power systems and industrial technology. On this page, readers can follow company announcements that range from leadership changes and strategic plans to developments in Industrial AI, autonomy and digital solutions such as the Cat AI Assistant.
Recent Caterpillar news has highlighted leadership transitions at the board and segment levels, including updates on the Chairman of the Board role and changes in the Construction Industries segment. These items provide insight into how the company structures its governance and segment leadership to support its global operations.
Caterpillar also issues news about technology collaborations and product-related initiatives. Examples include an expanded collaboration with NVIDIA to equip construction, mining and power equipment with AI capabilities, and the launch of Cat AI Assistant as an AI-based solution that connects Caterpillar equipment and digital applications through a conversational interface. The company has showcased these developments at major events such as CES, where it has presented its vision for Industrial AI and autonomous machines.
In addition, Caterpillar news covers topics such as investor day presentations, dividend declarations and philanthropic activities through the Caterpillar Foundation, including United Way campaigns and workforce development grants. Together, these updates provide a view into Caterpillar's strategic direction, financial policies, community engagement and technology roadmap.
Investors, industry professionals and observers can use this news feed to monitor Caterpillar's announcements over time, track key themes such as AI, autonomy and power systems, and understand how the company communicates its priorities across its Construction Industries, Resource Industries, Power & Energy and Financial Products segments.
Caterpillar Inc. (NYSE: CAT) has announced that it will maintain its quarterly dividend at $1.11 per share, scheduled for payment on May 20, 2022, to shareholders recorded by April 25, 2022. The company has consistently paid dividends since its inception and has raised its annual dividend for 28 consecutive years, earning a place on the S&P 500 Dividend Aristocrat Index. With reported sales of $51.0 billion in 2021, Caterpillar continues to lead in construction and mining equipment manufacturing.
The Caterpillar Foundation is donating over $1 million to aid humanitarian efforts amid the ongoing crisis in Ukraine. This contribution will support organizations like the American Red Cross, Project Hope, and the Center for Disaster Philanthropy, providing essential resources such as food, medical supplies, and housing assistance. Additionally, the foundation is matching employee donations with a 2:1 ratio. Caterpillar's CEO, Jim Umpleby, expressed profound concern for the situation and highlighted the company's commitment to critical humanitarian efforts.
Caterpillar Inc. (NYSE: CAT) has announced the 2022-2023 Global Operator Challenge, inviting machine operators globally to showcase their skills across nearly 40 countries. This competition, larger than previous events, will feature local contests hosted by over 80 Cat dealers, culminating in a final round at CONEXPO-CON/AGG in Las Vegas in March 2023. Participants will compete on various Cat machinery, emphasizing efficiency and technology integration. The overall winner will receive an all-expense-paid trip to a Caterpillar facility.
Caterpillar Inc. (NYSE: CAT) announced that Union Pacific Railroad will purchase 10 battery-electric locomotives, marking the largest investment in this technology by a U.S. Class I railroad. These EMD Joule locomotives emit zero exhaust emissions and will undergo testing in California and Nebraska. The locomotives are slated for delivery in late 2023 through early 2024. Union Pacific aims to reach net zero emissions by 2050, supporting sustainability initiatives. Caterpillar's 2021 sales were $51.0 billion, highlighting its leadership in manufacturing construction and mining equipment.
Cat Financial reported $2.56 billion in revenues for 2021, a $12 million increase from 2020, with profits rising 72% to $505 million. Profit before taxes reached $695 million, a 60% increase. Retail new business volume also increased 22% to $13.10 billion. Past dues improved significantly to 1.95% from 3.49% in 2020, highlighting recovery across all segments. However, operating expenses rose $96 million, driven by higher compensation costs. The effective income tax rate decreased to 26% in 2021 from 29% in 2020.
Caterpillar reported a strong performance in Q4 2021, with sales and revenues rising 23% to $13.8 billion compared to Q4 2020. Full-year revenues grew by 22% to $51.0 billion. Fourth-quarter profit per share soared to $3.91, up from $1.42, while adjusted profit per share reached $2.69. Operating profit margins were slightly lower than the previous year at 11.7%. The company returned $5.0 billion to shareholders through dividends and stock repurchases. Despite ongoing supply chain constraints, Caterpillar maintained a strong cash position of $9.3 billion at year-end.
Caterpillar Inc. (NYSE: CAT) will announce its Q4 and full-year 2021 financial results on January 28 at 5:30 a.m. CST. The results will be accessible on their investor relations website and PR Newswire. Following the release, a teleconference and webcast for analysts will take place at 7:30 a.m. CST. Participants can access the call via toll-free and toll numbers provided in the announcement. A replay will be available shortly after the live event.
On December 14, 2021, Progress Rail, a Caterpillar company (NYSE: CAT), BNSF Railway, and Chevron (NYSE: CVX) announced a memorandum of understanding to demonstrate a hydrogen fuel cell-powered locomotive. This collaboration aims to assess hydrogen's viability as a sustainable alternative to diesel fuel in rail transportation. The project includes designing a prototype locomotive, developing fueling infrastructure, and conducting tests on BNSF's rail lines. If successful, this initiative could significantly lower carbon emissions and advance the hydrogen economy in heavy-duty transport.
Caterpillar Inc. (NYSE: CAT) announced its decision to maintain a quarterly dividend of $1.11 per share, payable on February 18, 2022, for shareholders of record by January 20, 2022. The company has consistently paid annual dividends since its founding and has increased them for 28 consecutive years, establishing itself as a member of the S&P 500 Dividend Aristocrat Index. With 2020 revenues of $41.7 billion, Caterpillar remains a leader in manufacturing construction and mining equipment.
Caterpillar announced a three-year collaboration with Microsoft and Ballard Power Systems to demonstrate hydrogen fuel cells for backup power at Microsoft data centers. Supported by the U.S. Department of Energy, this project aims to showcase a 1.5 MW power system using low-carbon-intensity hydrogen. Caterpillar will provide system integration and controls, while Ballard supplies the fuel cell module. This initiative marks a step toward sustainable, commercially viable energy solutions, aligning with Caterpillar's commitment to support customers' climate goals.