Caterpillar Stock Price, News & Analysis

Cat Financial announced its 2020 financial results, reporting revenues of $2.55 billion, a 14% decrease from 2019. Profit fell to $293 million, down 29%. Factors behind the revenue decline included $190 million from lower financing rates and $151 million from diminished earning assets. The provision for credit losses rose by $104 million, impacting profit before tax, which decreased 31% to $434 million. Fourth-quarter revenues were $616 million, a 15% decrease compared to Q4 2019. Total assets declined 5% to $31.99 billion.

Caterpillar reported its fourth-quarter 2020 earnings, showing a profit per share of $1.42, down from $1.97 in 2019. Adjusted profit per share was $2.12, reflecting strong operational performance despite a 15% revenue decline to $11.2 billion from $13.1 billion year-over-year. For the full year, Caterpillar's revenues fell 22% to $41.7 billion, with an operating profit margin of 10.9%. The company returned $3.4 billion to shareholders through dividends and stock buybacks. Despite the challenges posed by COVID-19, management expressed confidence in the company's long-term growth potential.

Caterpillar Inc. (NYSE: CAT) will announce its fourth-quarter and full-year 2020 financial results on January 29, 2021, at 5:30 a.m. CST. The results will be available on investors.caterpillar.com and via PR Newswire. A teleconference for analysts and investors will follow at 7:30 a.m. CST. The call is accessible via phone and will provide insights into Caterpillar’s financial performance. In 2019, the company reported $53.8 billion in sales and operates in segments including Construction, Resource, and Energy & Transportation.

Caterpillar Inc. (NYSE: CAT) has announced it will maintain its quarterly cash dividend at $1.03 per share, payable on February 19, 2021, to shareholders of record as of January 20, 2021. This decision reflects the company's strong commitment to returning value to its shareholders. Since 2009, Caterpillar's quarterly dividend has more than doubled, highlighting its consistent performance in providing shareholder returns. The company has paid dividends every year since its inception and has a long history of stable dividends since 1933.

Cat Financial reported third-quarter 2020 revenues of $598 million, a 20% decrease from Q3 2019. Profit for the quarter dropped to $48 million, reflecting a 63% decrease. Key factors included a $76 million adverse impact from lower financing rates and a $40 million drop in earning assets. Retail new business volume was $2.60 billion, down 11%. The company also faced increased past dues at 3.81%. However, total assets were $31.765 billion, showing a 6% decline from the previous year.

Caterpillar Inc. reported a 23% decline in third-quarter 2020 sales and revenues, totaling $9.9 billion, down from $12.8 billion in 2019. Profit per share dropped 54% to $1.22, impacted by $77 million in pension remeasurement losses. The operating profit margin fell to 10%, down from 15.8% a year prior. Sales decreased across all regions and main segments, driven by lower end-user demand and dealer inventory reductions. Despite challenges, the company's strong liquidity includes $9.3 billion in cash and over $14 billion in available resources.

Caterpillar Inc. (NYSE: CAT) has announced executive changes, including the retirements of Group Presidents William Ainsworth and Ramin Younessi, effective December 31, 2020. Joseph Creed and Anthony Fassino will step into these roles on January 1, 2021. Ainsworth, who led the Energy & Transportation segment, is praised for his leadership and service growth contributions. Younessi, recognized for his impact on Caterpillar's competitive structure, will be succeeded by Fassino, expected to accelerate service growth in Construction Industries.

Caterpillar Inc. (NYSE: CAT) announced on October 14, 2020, that it will maintain its quarterly cash dividend at $1.03 per share, payable on November 20, 2020, to shareholders of record as of October 26, 2020. Chairman and CEO Jim Umpleby emphasized the company's strong balance sheet, allowing for consistent dividend payment through economic cycles. Caterpillar has paid a cash dividend every year since its inception and has increased it annually for 27 consecutive years, positioning itself as a member of the S&P 500 Dividend Aristocrat Index.