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. reports news on its global equipment, power and financing businesses. The company manufactures construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives, with operating activity organized around Power & Energy, Construction Industries and Resource Industries.
Recurring updates include quarterly results, segment sales, machine and power-system retail demand, dividend and share-repurchase actions, Cat Financial performance, shareholder meeting materials, executive and board changes, dealer-supported customer activity and strategic power-generation or workforce initiatives tied to advanced manufacturing and technician skills.
Caterpillar Inc. (NYSE: CAT) hosted its Investor Day on May 17, 2022, highlighting growth opportunities in services, technology, and sustainability. The company aims for long-term sales growth driven by the energy transition, maintaining adjusted operating margin targets while investing in technology. Caterpillar reported achieving $26 billion in free cash flow since 2017 and committed to returning substantial cash flow to shareholders, with a new $15 billion stock repurchase authorization effective August 1, 2022.
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Caterpillar has acquired Tangent Energy Solutions, a U.S.-based energy-as-a-service company, enhancing its capabilities in providing energy solutions. The acquisition, announced on May 5, 2022, allows Caterpillar to offer improved energy efficiency and cost-reduction services to customers. Tangent's proprietary software will optimize energy use without disrupting operations, providing additional revenue streams. This strategic move complements Caterpillar's existing electric power product offerings, positioning it for greater market share in the growing energy sector.
Caterpillar Inc. (NYSE: CAT) will host a video webcast for its Investor Day on May 17, 2022, at 10:25 a.m. CDT. The event will feature insights from Chairman and CEO Jim Umpleby and the Executive Office, focusing on the company's enterprise strategy aimed at profitable growth through services, technology, and sustainability. Presentations will be accessible online, and a transcript will be available post-event. Caterpillar reported $51.0 billion in sales and revenues for 2021, emphasizing its role as a leader in construction and mining equipment manufacturing.
Caterpillar Inc. (NYSE: CAT) will hold a virtual annual shareholder meeting on June 8, 2022, at 8 a.m. CDT. Shareholders as of April 13, 2022, can participate, ask questions, and vote on various items during the meeting. Details regarding attendance and business items will be available in Caterpillar's 2022 proxy statement.
In 2021, Caterpillar reported sales and revenues of $51.0 billion, cementing its position as a leader in manufacturing construction and mining equipment, as well as industrial engines.
Cat Financial reported first-quarter 2022 revenues of $652 million, marking a 2% increase from 2021. Profit for the same period was $143 million, also up 2%. Revenue growth was driven by $36 million from returned equipment, offset by $29 million from lower financing rates. Profit before taxes decreased by 2% to $193 million, influenced by a $37 million increase in credit loss provisions. Retail new business volume fell by 1% to $2.78 billion, due to lower activity in Asia/Pacific and Mining.
Caterpillar (CAT) reported a strong first quarter of 2022, achieving sales and revenues of $13.6 billion, a 14% increase year-over-year. Profit per share rose to $2.86, up from $2.77 in 2021. Adjusted profit per share was $2.88, slightly higher than last year's $2.87. The growth is attributed to increased sales volume driven by higher end-user demand and inventory changes. However, operating profit margin declined to 13.7% from 15.3%. The company returned $1.4 billion to shareholders through repurchases and dividends, showcasing a strong balance sheet amid ongoing supply chain challenges.
Caterpillar Inc. (NYSE: CAT) is set to release its first-quarter 2022 financial results on April 28, 2022, at 5:30 a.m. CDT. The financial results will be accessible via their investor relations page and will also be filed with the U.S. SEC through a Current Report on Form 8-K. A teleconference for analysts and investors is scheduled for the same day at 7:30 a.m. CDT, with a conference ID of 9063945. The results will summarize Caterpillar's performance across its key segments which include construction, resource, and energy industries.
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.