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.
Chevron U.S.A. Inc. and Caterpillar Inc. have announced a collaboration to explore hydrogen applications in transportation and stationary power. The partnership aims to demonstrate hydrogen as a viable alternative fuel for line-haul rail and marine vessels and to develop hydrogen-fueled locomotives and related infrastructure. Work will commence immediately at various locations across the U.S. Chevron's initiative focuses on advancing hydrogen technology for heavy-duty transportation, while Caterpillar emphasizes its commitment to sustainability through diverse fuel options.
Caterpillar Group President of Resource Industries, Denise Johnson, will participate in a fireside chat at MINExpo on September 15, 2021. The event's theme is 'Together, we're mining better,' highlighting Caterpillar's commitment to assisting customers in mining efficiently and sustainably. The 45-minute session starts at 9:30 a.m. PT and will be hosted by Nicole DeBlase from Deutsche Bank. The event will be webcasted live and available for public viewing. A replay and transcript will be provided on Caterpillar's investor relations website.
Cat Financial reported second-quarter 2021 revenues of $646 million, an increase of 1% from 2020, with profits at $142 million, up 141%. The revenue growth stemmed from a $17 million impact from repossessed equipment and $7 million from higher earning assets, despite an $18 million decline due to lower financing rates. Profit before taxes rose 112% to $189 million, aided by a $75 million drop in credit loss provision. Retail new business volume reached $3.52 billion, up 29%, while past dues decreased to 2.58%.
Caterpillar Inc. reported a strong second quarter for 2021, with sales and revenues rising to $12.9 billion, a 29% increase year-over-year. Profit per share reached $2.56, significantly up from $0.84 in 2020. The rise in sales was attributed to higher demand for equipment and favorable changes in dealer inventories. Operating profit margin improved to 13.9%, while the company returned $0.8 billion to shareholders via dividends and share buybacks. End-user demand showed growth across all regions, supporting a strong financial outlook.
Caterpillar Inc. (NYSE: CAT) is set to announce its second-quarter 2021 financial results on July 30, 2021, at 5:30 a.m. CDT. The results will be accessible on their official website. Following the release, a teleconference and webcast for analysts will begin at 7:30 a.m. CDT. Participants can access the call via phone or online, with details provided in the release. Caterpillar, a leader in construction and mining equipment, reported $41.7 billion in sales for 2020.
The board of directors of Caterpillar has announced an 8% increase in its quarterly cash dividend, raising it by eight cents to $1.11 per share. This dividend will be payable on August 20, 2021, to shareholders on record by the close of business on July 20, 2021. Caterpillar has successfully maintained a history of paying dividends annually since its formation and has increased its dividends for 27 consecutive years, underscoring its strong financial position and commitment to returning value to shareholders.
Caterpillar Inc. CEO Jim Umpleby will engage in a fireside chat at Bernstein's Virtual 37th Annual Strategic Decisions Conference on June 2, 2021.
The session, lasting approximately 45 minutes, will commence at 8 a.m. ET and will be available for live streaming to the public. Listeners are encouraged to register 30 minutes prior and install any necessary audio software.
The webcast will be accessible for replay for 90 days, with a transcript posted on Caterpillar's investor relations website.
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Caterpillar Inc. and the Caterpillar Foundation announced targeted relief efforts to address COVID-19 crises in India and Brazil. The Foundation is donating $1 million to support India's healthcare system, including oxygen supplies. Additionally, Caterpillar India is contributing $1.4 million for medical support and vaccination drives. In Brazil, a $250,000 donation will aid local hospitals. The Foundation also supports the COVAX initiative with a $500,000 donation for global vaccine access and invests $250,000 in a U.S. vaccine education initiative.
Caterpillar Inc. (NYSE: CAT) will host its virtual annual shareholder meeting on June 9, 2021, at 8 a.m. CDT. Shareholders holding common stock as of April 12, 2021, or their legal proxies, can participate, submit questions, and vote on relevant items. Comprehensive details, including registration and business items, are available in the 2021 proxy statement. In 2020, Caterpillar achieved sales and revenues of $41.7 billion, solidifying its position as a leader in construction and mining equipment.