Fri January 19, 2001
Caterpillar Profit Up, Sees 2001 Decline
Caterpillar Inc. said its fourth quarter earnings rose 10 percent, beating Wall Street’s estimates, but the company forecast a 5 to 10 percent decline in profits in 2001.
Peoria, IL-based Caterpillar said it earned $264 million or 76 cents per share in the latest quarter, compared with $239 million or 67 cents a share a year earlier.
Higher sales volume, a favorable tax adjustment and manufacturing efficiencies were offset by the negative impact of the strength in the dollar, especially against the euro.
According a First Call/Thomson Financial survey of 15 analysts, the mean estimate was for a profit of 64 cents per share.
In what Caterpillar described as a "difficult global business environment", it reported a 1.8 percent increase in fourth quarter sales and revenue to $5.11 billion from $5.02 billion a year ago.
For 2001, Caterpillar said it expected sales to be flat, weighed down by a decline in North American sales of construction equipment....
Wed January 17, 2001
Caterpillar Acquires Forestry Equipment Dealer Pioneer Machinery
Caterpillar Inc. has purchased forestry equipment dealer Pioneer Machinery, Inc. Caterpillar will also purchase an affiliated used equipment company, Ironmart Inc., and finance company, Federal Financial Services Inc....
Mon December 25, 2000
Caterpillar to Acquire Track Feller Buncher Line
Caterpillar Inc. has signed a letter of intent to acquire the Timberking track feller buncher intellectual property from Canadian forest products equipment manufacturer Risley Manufacturing, Ltd. The acquisition of Risley Manufacturing’s track feller buncher (TFB) line adds several new models to the Caterpillar product line....
Tue December 19, 2000
J.D. Power and Associates Awards Caterpillar Highest Engine Customer Satisfaction Rankings
Fifty-seven percent of customers "definitely would" recommend Cat engines according to a recently released study that ranks Caterpillar’s diesel engine highest in heavy-duty diesel engine satisfaction.
International marketing information firm J.D....
Wed November 29, 2000
Caterpillar and Engine Manufacturers Propose Optional Clean Air Solution
Cat and Cummins Inc. have proposed to the U.S. Environmental Protection Agency a plan that would reduce diesel engine emissions by all engine manufacturers two years sooner than EPA has proposed.
The plan challenges all engine manufacturers to voluntarily meet more stringent engine emission testing requirements in 2005 – rather than in 2007 as EPA proposed – in exchange for revised emission levels in 2007 and beyond....
Mon December 04, 2000
Caterpillar Announces New Company to Develop State-of-the-Art Dredge Technology
A new company, Peoria Dredging Technologies L.L.C., has been formed and will build a state-of-the-art system that has the potential to revolutionize the dredging industry. The principal stakeholders in the new company are the Kress family, Brimfield, IL....
Thu November 16, 2000
Hind Motors Sells Earth-Moving Unit to Caterpillar
Indian car-making firm Hindustan Motors Ltd said recently it had signed a deal to sell its earthmoving equipment unit to Caterpillar Inc. of the United States for $72.1 million.
The sale will help the cash-strapped company reduce its crushing current long-term debt N.R....
Tue November 07, 2000
Caterpillar, ASV, Complete Stock Purchase Transaction
Caterpillar Inc. and A.S.V., Inc. have completed a Securities Purchase Agreement in which Caterpillar has purchased 500,000 newly issued shares of ASV common stock at $18 per share for a total of $9 million....
Wed September 27, 2000
Tilt-Up Engine Speeds Maintenance on Caterpillar 303.5
The Caterpillar 303.5 mini hydraulic excavator is designed and built to deliver increased performance and versatility, ease of operation and serviceability.
The 303.5 weighs 7,672 lbs. (3,480 kg) when equipped with a cab, and produces 25.5 hp (19 kW)....
Wed August 30, 2000
Caterpillar D400E II Lets Operator Dump on the Fly
Caterpillar offers the D400E II articulated truck in an ejector body configuration. The ejector truck eliminates carry-back of sticky materials and allows the operator to dump while the truck is moving....
