Caterpillar Stock Price, News & Analysis

Caterpillar Inc. (NYSE: CAT) has appointed Christy Pambianchi as Chief Human Resources Officer (CHRO), effective May 1. Pambianchi will join Caterpillar's Executive Office, succeeding Cheryl H. Johnson, whose retirement was announced in January.

Pambianchi brings 18 years of CHRO experience across multiple industries, most recently serving as Chief People Officer at Intel, where she managed Human Resources, Corporate Real Estate, Corporate Social Responsibility, and the Transformation Management Office. At Intel, she oversaw operations for a company with over $53 billion in annual revenue.

Prior to Intel, Pambianchi held CHRO positions at Verizon and Corning, with responsibilities including information technology and comprehensive human resources management. She also worked at PepsiCo in roles of increasing responsibility. Pambianchi holds a bachelor's degree from Cornell University's School of Industrial and Labor Relations and is a fellow of the National Academy of Human Resources.

Cat Financial reported strong performance in 2024 with revenues of $3.49 billion, up 7% from 2023's $3.25 billion. The increase was driven by higher average financing rates ($153 million) and higher average earning assets ($127 million). Annual profit rose 6% to $598 million, despite a 30% decrease in profit before income taxes due to a $210 million loss on divestiture of a non-U.S. entity.

The company saw impressive retail new business volume of $13.24 billion, a 9% increase from 2023, primarily in North America. Past dues improved to 1.56% from 1.79%, reaching the lowest level since 2005. The fourth quarter showed revenue growth of 5% to $883 million, with profit increasing 115% to $357 million compared to Q4 2023.

Caterpillar Inc. (NYSE: CAT) reported its Q4 and full-year 2024 results. Fourth-quarter sales decreased 5% to $16.2 billion, while full-year sales declined 3% to $64.8 billion. The company achieved a Q4 profit per share of $5.78 and adjusted profit per share of $5.14, compared to $5.28 and $5.23 respectively in Q4 2023.

Full-year 2024 profit per share was $22.05, up from $20.12 in 2023, with adjusted profit per share of $21.90. Operating profit margin for Q4 2024 was 18.0%, slightly down from 18.4% in Q4 2023. The company generated strong enterprise operating cash flow of $12.0 billion and ended the year with $6.9 billion in enterprise cash.

During 2024, Caterpillar deployed $10.3 billion for shareholder returns, including $7.7 billion in share repurchases and $2.6 billion in dividends. The decrease in sales volume was primarily driven by lower sales of equipment to end users and changes in dealer inventories.

Caterpillar (NYSE: CAT) has scheduled the release of its fourth-quarter and full-year 2024 financial results for January 30, 2025, at 5:30 a.m. CST. The company will host a live teleconference and webcast with securities analysts and institutional investors at 7:30 a.m. CST on the same day.

The earnings release will be available on Caterpillar's investor relations website and PR Newswire, and will be filed with the SEC via Form 8-K. Supporting materials will be accessible before the webcast. The conference call can be accessed through both toll-free (800-715-9871) and toll (+1-646-307-1963) numbers using conference ID 8413516.

A replay of the webcast and transcript will be available on the company's website following the event, though no telephone replay will be provided.

Caterpillar Inc. (NYSE: CAT) announced that Chief Human Resources Officer Cheryl H. Johnson will retire on April 30, 2025, after seven years with the company. Chairman and CEO Jim Umpleby acknowledged Johnson's contributions in transforming CAT's HR function, focusing on talent development, and fostering continuous improvement.

Johnson joined Caterpillar in 2017 after a 20-year career at Textron, where she led worldwide human resources, corporate communications, real estate, community affairs, and aviation operations. She currently serves on the board of Flowserve and the HR Policy Association, and is a member of the Executive Leadership Council. The company has initiated a search for a new CHRO.

Caterpillar Inc. (NYSE: CAT) is celebrating its 100th anniversary, marking a century since the merger of Holt Manufacturing Company and C.L. Best Tractor Co. in 1925. The company kicked off celebrations across the U.S., including events in Sanford, North Carolina, Peoria, Illinois, and its global headquarters in Irving, Texas.

The company launched a Centennial World Tour to showcase an interactive experience at Caterpillar facilities globally. To commemorate the milestone, Caterpillar is offering -edition 'Centennial Grey' painted machines for purchase in 2025.

From its first track-type tractor for combine harvesters to today's autonomous construction and mining equipment, Caterpillar has evolved into a global leader in infrastructure development and sustainable solutions. CEO Jim Umpleby expressed confidence in the company's continued growth and innovation for the next century.

Caterpillar Inc. (NYSE: CAT) launched its centennial celebration at CES 2025, showcasing innovative technologies that will shape industry's future. The company is highlighting its investments in autonomy, connectivity, digital solutions, alternative fuels, and electrification to address energy transition and future jobsite development.

The exhibition features the Cat® 972 Wheel Loader, a 55,000-pound machine with Extended Range Electrified Machine (EREM) hybrid retrofit technology, developed in just 12 weeks. This battery-electric demonstrator maintains diesel-equivalent performance without requiring DC charging infrastructure.

Additional showcase elements include a 24-hour electrified jobsite simulation, a Centennial Hub displaying 100 years of technological advancement, and Cat® Command technologies demonstrating remote-control capabilities. The event runs from January 7-10, 2025, at LVCC West Hall, booth #6416 in Las Vegas.

Caterpillar (NYSE: CAT) announced the maintenance of its quarterly dividend at $1.41 per share of common stock. The dividend will be payable on February 20, 2025, to shareholders of record as of January 21, 2025. The company has maintained a consistent track record of paying cash dividends since its formation and quarterly dividends since 1933. Notably, Caterpillar has increased its annual dividends for 31 consecutive years and holds a position in the S&P 500 Dividend Aristocrats Index.

Caterpillar Inc. (NYSE: CAT) has launched its third Global Operator Challenge, a worldwide competition for heavy equipment operators. The challenge invites operators from over 40 countries to demonstrate their skills on various construction equipment and technology.

The previous 2022-2023 challenge saw participation from more than 10,000 operators across 32 countries, with over 140 Cat dealer competitions. The 2025-2026 challenge aims to expand its reach further.

The competition will run from January to September 2025 for local rounds, followed by regional semifinals in fall 2025. Nine finalists will compete in March 2026 at CONEXPO-CON/AGG in Las Vegas. The winner will receive either a $10,000 cash prize or an equivalent value trip.