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Caterpillar Inc. - $CAT STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Caterpillar's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Caterpillar's position in the market.

Rhea-AI Summary
Caterpillar and Freeport-McMoRan are collaborating to convert Freeport-McMoRan's fleet of 33 Cat® 793 haul trucks at its Bagdad mine in Arizona to an autonomous haulage system (AHS) using Cat MineStar™ Command for hauling. The conversion will improve worker safety and reduce idle time by 10,000 hours annually. Caterpillar will provide assistance with autonomy deployment, change management, and training.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.65%
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none
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Rhea-AI Summary
Cat Financial reported third-quarter 2023 revenues of $846 million, an increase of $156 million, or 23%, compared with the same period last year. However, the profit for the quarter decreased by $33 million, or 25%, compared to the previous year. The decrease in profit was mainly due to a higher provision for credit losses and the absence of prior year reserve releases. Retail new business volume increased by 6% to $2.89 billion, driven by higher volume in North America. Past dues at Cat Financial decreased to 1.96% from 2.00% last year, and write-offs decreased to $9 million from $13 million. The allowance for credit losses at the end of the third quarter was $340 million, or 1.23% of finance receivables.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.65%
Tags
-
Rhea-AI Summary
Caterpillar Inc. reported a 12% increase in sales and revenues for the third quarter of 2023, reaching $16.8 billion. Profit per share also rose to $5.45, compared to $3.87 in the same quarter of 2022. The company returned $1.0 billion to shareholders through dividends and share repurchases. Operating profit margin improved from 16.2% to 20.5%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.65%
Tags
Rhea-AI Summary
Caterpillar Inc. to release third-quarter 2023 financial results on Oct. 31
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.69%
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-
Rhea-AI Summary
Caterpillar Inc. appoints Joseph E. Creed as Chief Operating Officer
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.06%
Tags
management
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Rhea-AI Summary
Caterpillar Inc. announces George Moubayed as Chief Sustainability and Strategy Officer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.62%
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none
News
Rhea-AI Summary
Caterpillar Inc. maintains quarterly dividend at $1.30 per share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.14%
Tags
dividends
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Rhea-AI Summary
Caterpillar Inc. employees and retirees pledge $14.8 million to United Way chapters across the US, Mexico, Canada, and Panama.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.7%
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none
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Rhea-AI Summary
NMG advances electrification program for Matawinie Mine and Bécancour Battery Material Plant
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.01%
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none
Rhea-AI Summary
Albemarle Corporation and Caterpillar Inc. have signed agreements to collaborate on solutions for the battery value chain and sustainable mining operations. Albemarle aims to establish the first zero-emissions lithium mine site in North America. The collaboration includes the use of battery-powered mining equipment and the availability of Albemarle's lithium for Caterpillar battery production. They will also explore research and development of battery cell technology and recycling techniques.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.44%
Tags
none
Caterpillar Inc.

NYSE:CAT

CAT Rankings

CAT Stock Data

170.63B
497.80M
0.2%
72.5%
2.61%
Construction Machinery Manufacturing
Manufacturing
Link
United States of America
IRVING

About CAT

Caterpillar Inc. is an American construction equipment manufacturer. The company is the worlds largest manufacturer of construction equipment. In 2018, Caterpillar was ranked number 73 on the Fortune 500 list and number 265 on the Global Fortune 500 list.