Caterpillar News Updates

Business

Caterpillar’s First-Quarter Profit Drops, Revises Outlook for Year Down

Heavy-equipment maker Caterpillar Inc.’s first-quarter profit fell to $880 million, or $1.31 a share, from $1.59 billion, or $2.37, a year ago, on lower sales and production.

April 22, 2013
Business

Caterpillar’s Fourth-Quarter Profit Drops

Heavy equipment maker Caterpillar Inc.’s fourth-quarter profit fell to $697 million, or $1.04 a share, from $1.55 billion, or $2.32, a year ago, on lower production and acquisition costs.

January 28, 2013
Business

Caterpillar Posts $1.7 Billion Profit, Lowers Outlook

Heavy equipment maker Caterpillar Inc. reported a $1.7 billion third-quarter profit, up 49% from the same quarter last year, and lowered its full-year earnings outlook.

October 22, 2012
Business

Caterpillar Completes $750 Million Sale of Logistics Unit

Caterpillar Inc. said Wednesday it has completed the $750 million sale of the majority stake in its third-party logistics business to Platinum Equity.

August 1, 2012
Business

Caterpillar Posts $1.7 Billion Profit, Boosts Outlook

Heavy equipment maker Caterpillar Inc. Wednesday reported a $1.7 billion second-quarter profit and boosted its full-year earnings outlook.

July 25, 2012
Business, Logistics

Caterpillar Selling Majority Stake in Logistics Unit

Heavy-equipment maker Caterpillar Inc. said it is selling a majority stake in its third-party logistics business to Platinum Equity for $750 million.

May 10, 2012
Business

Caterpillar’s Fourth-Quarter Profit Drops 55%

Heavy equipment maker Caterpillar Inc. reported its fourth-quarter profit fell 55% to $697 million, or $1.04 a share, from $1.55 billion, or $2.32, a year ago, on lower production.

January 28, 2012
Business

Caterpillar Reports Record Profit

Heavy equipment maker Caterpillar Inc. reported record 2011 sales, said its profit almost doubled and boosted its sales and earnings outlook for 2012.

January 26, 2012
Business

Caterpillar Boosting India Operations

Caterpillar Inc. said Wednesday it will build a $150 million engine manufacturing facility in India to produce engines and will invest $62 million in its existing off-highway truck manufacturing facility there.

November 30, 2011
Business

Caterpillar’s 3Q Profit Tops $1 Billion; Revenue Hits Record

Heavy equipment maker Caterpillar Inc. said Monday its third-quarter profit jumped on higher sales.

October 24, 2011