Caterpillar Stock Price, News & Analysis

L&T Technology Services (LTTS) has been awarded the Caterpillar Supplier Excellence Award 2024 at an event in Grapevine, Texas. The award recognizes LTTS' outstanding performance as a key supplier of high-end engineering services for Caterpillar (CAT) in Mobility and Sustainability segments. LTTS has been instrumental in supporting Caterpillar's sustainability initiatives across multiple sectors globally.

During the ceremony, Pam Heminger, Senior VP for Strategic Procurement and Planning, emphasized the importance of a strong supply network in manufacturing. Alind Saxena, Executive Director at LTTS, highlighted their role in helping Caterpillar reduce carbon footprint and achieve sustainability goals.

Caterpillar Inc. (NYSE: CAT) will release its third-quarter 2024 financial results on Wednesday, Oct. 30, 2024 at 5:30 a.m. CDT. The full text of the release will be available on the company's investor website and PR Newswire. A real-time, listen-only teleconference and webcast for securities analysts and institutional investors will begin at 7:30 a.m. CDT on the same day.

The conference call can be accessed via webcast or by telephone using the provided toll-free and toll numbers with the conference ID: 8413516. Supporting materials will be available before the webcast on the company's investor website. The transcript from the conference call will be available on the website following the webcast. A replay of the webcast will also be available shortly after the live event, but a telephone replay will not be provided.

Caterpillar Inc. (NYSE: CAT) has appointed Nazzic S. Keene, former CEO of Science Applications International (SAIC), to its board of directors, effective Nov. 1. Keene, 64, will serve on Caterpillar's Nominating & Governance Committee and Compensation & Human Resources Committee.

Keene retired in 2023 after four years as CEO and director of SAIC, a global company specializing in integrating information technology systems for government bodies. She previously served as SAIC's Chief Operating Officer from 2017 to 2019 and as President of Global Markets & Missions from 2013 to 2017. Keene is currently a director of Automatic Data Processing Inc. and ITT Inc.

Caterpillar Inc. (NYSE: CAT) has announced the maintenance of its quarterly dividend at $1.41 per share of common stock. This dividend will be payable on November 20, 2024, to shareholders of record as of the close of business on October 21, 2024. The company has a long-standing history of dividend payments, having paid a cash dividend every year since its formation and a quarterly dividend since 1933. With this payment, Caterpillar will have increased its annual dividends for 31 consecutive years, solidifying its position as a member of the S&P 500 Dividend Aristocrats Index.

PPG (NYSE: PPG) has been awarded a Caterpillar Supplier Excellence Award 2024 from Caterpillar Inc. (NYSE: CAT). The award was presented at Caterpillar's Supplier Excellence Recognition event in Grapevine, Texas on Sept. 19, where only the top four percent of CAT suppliers globally were invited.

This prestigious award demonstrates PPG's excellence in meeting customer commitments across Caterpillar's global presence in multiple industries. PPG met or exceeded rigorous requirements and achieved world-class certification levels under Caterpillar's Supplier Excellence programming from May 2023 through June 2024.

Kevin Wozniak, PPG global accounts director for Industrial Coatings, highlighted that this is PPG's first time receiving a Supplier Excellence Award, showcasing their commitment to providing innovative, high-quality products that exceed Caterpillar's standards. PPG, a global leader in coatings, paints, and specialty materials, has been at the forefront of innovation for over 140 years, offering comprehensive solutions that prioritize technology, quality, and sustainability in the industrial market.

Caterpillar Inc. (NYSE: CAT) and Trimble (Nasdaq: TRMB) have announced the extension of their long-standing joint venture, Caterpillar Trimble Control Technologies (CTCT), which has led the industry in grade control solutions since 2002. The renewed agreement aims to accelerate innovation and customer adoption of grade control solutions in the construction sector through expanded distribution options.

Key points of the agreement include:

• Increased industry reach and broader availability of interoperable grade control solutions
• More access options for Caterpillar customers, including factory-fit grade options and expanded aftermarket offerings
• Broader availability for Trimble customers, including continued mixed-fleet support and an expanded distribution network
• Streamlined access to grade control through Trimble Construction One™ suite of digital solutions

This partnership reinforces both companies' commitment to connecting the office and field throughout the design-build-operate lifecycle of construction projects.

ITT Inc. has announced the election of Maggie Chu to its Board of Directors, effective immediately. Chu currently serves as Chief Human Resources Officer at Littelfuse, Inc., a global manufacturer with a market capitalization of over $6 billion. She leads Littelfuse's HR and corporate communications functions globally.

ITT's Chairman, Timothy H. Powers, highlighted Chu's experience in strategic HR leadership across diverse, global industries similar to ITT's operations. Her expertise in attracting and retaining top global talent for multinational manufacturing companies is expected to strengthen ITT's growth and development of a higher-performing culture.

ITT President and CEO Luca Savi emphasized that Chu's experience at large global industrials will benefit ITT as it continues to grow and reshape its portfolio both organically and through M&A. He noted that Chu's approach aligns well with ITT's culture and that the company's teams will benefit from her diverse experiences and adaptable approach to continuous learning.

Caterpillar Inc. (NYSE: CAT) is set to showcase its latest mining technologies and solutions at MINExpo 2024, emphasizing efficiency, safety, and profitability for customers. The exhibit will feature:

• Cat® Dynamic Energy Transfer (DET) system for energy transfer to mining trucks
• 372-tonne Cat® 798 AC mining truck with autonomous capabilities
• Battery-electric Cat R1700 XE load-haul-dump (LHD) loader
• Cat R2900 XE LHD with electric drive system
• PGS 1260 HD Energy Storage System and MEC500 for mobile equipment charging

The event will also highlight Caterpillar's aftermarket services, including Job Site Solutions, Cat Financial services, and various repair and remanufacturing options. MINExpo 2024 runs from Sept. 24-26, showcasing Caterpillar's commitment to mining innovation and customer support.

Caterpillar Inc. (NYSE: CAT) has unveiled a groundbreaking Dynamic Energy Transfer (DET) solution for mining equipment. This innovative system can transfer energy to both diesel-electric and battery-electric large mining trucks during operation, enhancing efficiency and reducing downtime. Key features include:

1. Ability to charge machine batteries while operating on grade
2. Customizable rail system for various site layouts
3. Integration with Cat MineStar™ Command for hauling solution
4. Flexibility to support both near-term and long-term sustainability strategies

The Cat DET system aims to lower operating costs and greenhouse gas emissions while providing miners with adaptable options for their unique site objectives. It will be showcased at MINExpo 2024 in Las Vegas, Sept. 24-26.