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.
Summary not available.
The Caterpillar Foundation has announced a $2 million grant to establish the Caterpillar Curator of African American Innovation and Entrepreneurship at the Smithsonian National Museum of African American History and Culture. This role will focus on promoting diversity and inclusion in discussions around African American contributions to innovation and entrepreneurship in science and technology. The grant also includes an endowment for ongoing support of collections, exhibits, and programs that celebrate African American history and culture. This collaboration marks 10 years of partnership between Caterpillar and the Smithsonian.
Cat Financial reported a strong performance for Q3 2021, with revenues of $634 million, a 6% increase from Q3 2020. Profit surged to $101 million, reflecting a remarkable 110% growth year-over-year. Profit before income taxes rose to $131 million, up 36%, aided by a $27 million gain from returned equipment and a reduction in credit loss provisions. Retail new business volume reached $3.34 billion, a 29% increase, although past dues improved to 2.41% from 3.81% a year prior.
Caterpillar reported third-quarter 2021 sales of $12.4 billion, a significant 25% increase from $9.9 billion in 2020, driven by strong equipment demand and favorable pricing. Profit per share rose to $2.60, up from $1.22 in the previous year. Adjusted profit per share was $2.66, reflecting solid operational performance. Notably, the company returned $2.0 billion to shareholders through dividends and share buybacks during the quarter, showcasing a healthy balance sheet with $9.4 billion in cash.
Summary not available.
Caterpillar Inc. (NYSE: CAT) is set to release its third-quarter 2021 financial results on October 28 at 5:30 a.m. CDT. Stakeholders can access the release via the investors.caterpillar.com website and through PR Newswire. A teleconference and webcast will follow at 7:30 a.m. CDT for analysts and investors. Dial-in options are available for both domestic and international participants, with entry code 9864507. Caterpillar generated $41.7 billion in revenue for 2020, operating through multiple segments worldwide.
Caterpillar Inc. (NYSE: CAT) announced the board's decision to maintain a quarterly dividend of $1.11 per share, payable on November 19, 2021. Shareholders of record as of October 25, 2021 will receive this dividend. This marks the 28th consecutive year of increasing annual dividends, solidifying Caterpillar's status as a member of the S&P 500 Dividend Aristocrat Index. In 2020, Caterpillar reported $41.7 billion in sales and revenues, affirming its leadership in the manufacturing of construction and mining equipment.
Summary not available.
Caterpillar Inc. (NYSE: CAT) has acquired Enhanced Energy Group, Inc., operating as CarbonPoint Solutions, a carbon capture technology company based in Rhode Island. This strategic acquisition aims to integrate CarbonPoint's patented technologies with Caterpillar's existing oil and gas solutions, aligning with the company's commitment to reducing greenhouse gas emissions. Caterpillar's investment in new technologies underscores its dedication to sustainability and aiding customers in achieving climate-related goals.
Chevron Corporation (NYSE: CVX) and Caterpillar Inc. (NYSE: CAT) have announced a collaboration to develop hydrogen demonstration projects aimed at transforming transportation and stationary power applications. The initiative includes demonstrating a hydrogen-fueled locomotive and necessary fueling infrastructure across various U.S. locations. Chevron's commitment to hydrogen is part of its strategy to lower carbon emissions in heavy-duty sectors, while Caterpillar aims to provide customers with diverse fuel options for sustainability.