News Breaks |
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| January 28, 2013 |
| 07:46 EDT |  | CAT | Caterpillar sees Q1 sales, revenues significantly lower than year ago
The company says "While we are not providing a specific sales and revenues and profit outlook for 1Q13, we are expecting that sales and revenues in Q1 are likely to be significantly lower than 1Q12. The middle of our full-year outlook for sales and revenues is about $2B below 2012 sales and revenues. We expect that sales and revenues will decline more than $2B in the 1Q13 compared with 1Q12. Much of the expected decline in Q1 sales is a result of the continuation of reduced production as dealers are expected to continue to lower their new machine inventories. We expect that dealer inventory reductions will be negative to sales in 1Q13, while in 1Q12 dealers increased inventory which benefitted Caterpillar sales." Profit is also expected to be significantly lower in 1Q13 than in 1Q12—a result of lower expected sales and the negative cost impact of continuing low production levels and declining inventory. |
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News For CAT From The Last 14 Days Check below for free stories on CAT the last two weeks. |
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| May 22, 2013 |
| 09:42 EDT |  | CAT | Senate Committee on Foreign Relations to hold a hearing
The Committee holds a hearing entitled, "Different Perspectives on International Development" with Director of International Governmental Affairs Lane of Caterpillar (CAT) on May 22 at 10:30 am. Webcast Link |
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| May 21, 2013 |
| 10:22 EDT |  | CAT | Caterpillar to resume talks with steelworkers, WSJ says
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| May 20, 2013 |
| 10:45 EDT |  | CAT | Caterpillar trends were weak in April, says Wells Fargo
Wells Fargo notes that Caterpillar's machines sales growth decelerated in April. The firm thinks that modest improvements in the company's overall trends may be mostly offset by North American machines sales deceleration, and it keeps a Market Perform rating on the shares. |
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| 09:03 EDT | | CAT | Caterpillar reports Power Systems retail down 5% in 3-months end April
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| 09:01 EDT | | CAT | Caterpillar reports April 3-month rolling period retail machine sales down 9%
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| 07:45 EDT | | CAT | Wunderlich Securities to hsot a summit
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| May 17, 2013 |
| 05:21 EDT | | CAT | Caterpillar, Mining Machinery resolve all outstanding issues
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| May 16, 2013 |
| 19:01 EDT | | CAT | Caterpillar and Mining Machinery Limited announce settlement agreement
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| May 10, 2013 |
| 06:30 EDT | | CAT | Caterpillar, Milwaukee workers' union talks suspended, Reuters says
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| May 8, 2013 |
| 11:43 EDT | | CAT | Caterpillar sees some 'encouraging signs' in China business
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