Ankündigung • Aug 06
Caterpillar Inc. Provides Earnings Guidance for the Third Quarter 2026 Caterpillar Inc. provided earnings guidance for the third quarter 2026. For the quarter, the company expected strong quarter of sales growth versus the prior year. Reported Earnings • Aug 04
Second quarter 2026 earnings released: EPS: US$7.80 (vs US$4.64 in 2Q 2025) Second quarter 2026 results: EPS: US$7.80 (up from US$4.64 in 2Q 2025). Revenue: US$20.5b (up 24% from 2Q 2025). Net income: US$3.59b (up 65% from 2Q 2025). Profit margin: 18% (up from 13% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Jul 22
Caterpillar Inc. to Report Q2, 2026 Results on Aug 04, 2026 Caterpillar Inc. announced that they will report Q2, 2026 results at 5:30 AM, Central Daylight on Aug 04, 2026 Upcoming Dividend • Jul 10
Upcoming dividend of US$1.63 per share Eligible shareholders must have bought the stock before 17 July 2026. Payment date: 19 August 2026. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Italian dividend payers (4.6%). Lower than average of industry peers (1.0%). Ankündigung • Jul 09
Caterpillar Inc. (NYSE:CAT) acquired Skycatch, Inc. Caterpillar Inc. (NYSE:CAT) acquired Skycatch, Inc. on July 7, 2026.
Caterpillar Inc. (NYSE:CAT) completed the acquisition of Skycatch, Inc. on July 7, 2026. New Risk • Jul 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (213% net debt to equity). Share price has been volatile over the past 3 months (6.2% average weekly change). Declared Dividend • Jun 15
First quarter dividend of US$1.63 announced Shareholders will receive a dividend of US$1.63. Ex-date: 17th July 2026 Payment date: 19th August 2026 Dividend yield will be 0.7%, which is lower than the industry average of 1.1%. Payout Ratios Payout ratio: 30%. Cash payout ratio: 35%. Buy Or Sell Opportunity • Jun 02
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to €778. The fair value is estimated to be €640, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 6.3%. For the next 3 years, revenue is forecast to grow by 7.8% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Ankündigung • May 04
Caterpillar Inc., Annual General Meeting, Jun 10, 2026 Caterpillar Inc., Annual General Meeting, Jun 10, 2026. Reported Earnings • May 02
First quarter 2026 earnings released: EPS: US$5.50 (vs US$4.22 in 1Q 2025) First quarter 2026 results: EPS: US$5.50 (up from US$4.22 in 1Q 2025). Revenue: US$17.4b (up 22% from 1Q 2025). Net income: US$2.55b (up 27% from 1Q 2025). Profit margin: 15% (in line with 1Q 2025). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Apr 30
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 38% to €761. The fair value is estimated to be €603, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Ankündigung • Apr 10
Caterpillar Inc. Announces Chief Financial Officer Changes Caterpillar Inc. announced that Chief Financial Officer (CFO) Andrew Bonfield has elected to retire effective October 1, 2026, following eight years with the company. Caterpillar veteran Kyle Epley has been appointed CFO, effective May 1, 2026, at which time Bonfield will assume an advisory role for the remainder of the transition. Bonfield’s planned retirement follows a period of record financial performance and transformation for the company. During Bonfield's tenure, Caterpillar strengthened its robust operating and execution model and delivered consistently strong returns for shareholders, including the high full-year sales and revenues in Caterpillar's history and a single-quarter record of $19.1 billion for the fourth quarter of 2025. As part of a seamless transition, Bonfield will serve in an advisory role through October 1, 2026. Epley brings nearly three decades of Caterpillar experience to the role. Currently serving as senior vice president of Global Finance Services, he leads a global team managing enterprise-wide finance operations, strategy, planning, treasury, pricing, real estate and facilities. Throughout his career, Epley has held several senior finance leadership roles across the company, including division CFO and corporate controller, giving him extensive operational and financial insight across Caterpillar's diverse businesses. Buy Or Sell Opportunity • Apr 08
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 27% to €654. The fair value is estimated to be €544, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Ankündigung • Apr 08
Caterpillar Inc. Maintains Quarterly Dividend on Common Stock, Payable on May 19, 2026 The board of directors of Caterpillar Inc. voted to maintain the quarterly dividend of $1.51 per share of common stock, payable on May 19, 2026, to shareholders of record at the close of business April 20, 2026. Recent Insider Transactions • Mar 09
CEO & Director recently sold €1.6m worth of stock On the 5th of March, Joseph Creed sold around 3k shares on-market at roughly €622 per share. This transaction amounted to 5.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €4.9m. This was Joseph's only on-market trade for the last 12 months. Ankündigung • Mar 03
Caterpillar Transforms the Construction Worksite with Advanced Technology, Services and Solutions At Conexpo-Con/Agg 2026 Caterpillar Inc. will showcase how it is helping customers solve their toughest challenges through advanced technology, service solutions and new products that improve productivity, enhance safety and address labor shortages. Construction Industries Group President Rod Shurman, Chief Technology Officer Jaime Mineart and Chief Digital Officer Ogi Redzic will spotlight how Caterpillar is tackling the industry's toughest challenges head-on, pushing boundaries and shaping the future of construction. Caterpillar will transform 70,000 square feet of CONEXPO's Festival Grounds into an outdoor Operator Stadium, where customers can see some of the world's best operators put the latest technologies to the test in real-world jobsite scenarios. The stadium will also offer hands-on experiences with technology, service and Cat Rentals. Demonstrations run daily at 9:30 a.m., 12:00 p.m. and 2:30 p.m. West Hall: Fast, Convenient Support for Small Contractors and Growing Customers: Deuting at CONEXPO, Cat Compact is a streamlined customer experience built for small contractors and growing businesses who value simplicity and speed. By blending digital discovery and online research with the trusted, in-person expertise of Cat dealers, Cat Compact reduces complexity at every step. Designed to support reliable, around-the-clock jobsite performance, the power solutions on display include new high-horsepower C3.6 and C13D engines. Engines and aftermarket offerings, such as condition monitoring, connectivity tools, and parts options, help customers protect uptime and get more from their equipment. Building on momentum from CES 2026, Caterpillar will showcase how Cat®? AI Assistant™? helps customers interact more easily with Cat equipment and digital tools. By reducing complexity and delivering timely answers and recommendations, Cat AI Assistant helps teams make faster, smarter decisions from the office to the jobsite. Caterpillar will also highlight its collaboration with Geotab Inc., which integrates on-highway data into VisionLink™?, enabling customers to manage their entire fleet through one platform. Attendees at Operator Stadium can watch Caterpillar's first autonomous soil compactor -- the Cat®? CS12 -- in action, in addition to Collision Mitigation, the newest solution in the Cat Detect portfolio. Live demonstrations from across the United States will showcase the latest advancements in remote operation and construction autonomy. Enhanced Customer Programs and Rental Solutions: Construction Industries Group President Rod ShURman, Chief Technology OfficerJa Mineart and Chief Digital OfficerOgi Redzic will spotlight where Caterpillar is enhancing its rewards, financing and service programs through Cat Rewards, the Cat Commercial Account and an upgraded Services Commitment that offers next-day parts, two-day repairs and Cat Credits when commitments aren't met. A refreshed Services Commitment that provides next-day parts and Cat Credits when commitment aren't met. A refreshed service commitment to the construction program is designed to support customers with AI and autonomy. Buy Or Sell Opportunity • Feb 15
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 37% to €658. The fair value is estimated to be €543, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Ankündigung • Feb 04
Caterpillar Inc. (NYSE:CAT) completed the acquisition of RPMGlobal Holdings Limited (ASX:RUL). Caterpillar Inc. (NYSE:CAT) signed a non-binding indicative proposal to acquire RPMGlobal Holdings Limited (ASX:RUL) for AUD 1.1 billion on September 1, 2025. Caterpillar Inc. (NYSE:CAT) entered into Scheme Implementation Deed to acquire RPMGlobal Holdings Limited (ASX:RUL) on October 12, 2025. A cash consideration valued at AUD 5 per share will be paid by Caterpillar Inc. The break fee and reverse break fee has been set at AUD 10 million.
The transaction is subject to consummation of due diligence investigation and definitive agreement. Implementation of the Scheme is subject to regulatory approvals from the Foreign Investment Review Board (FIRB) and the Australian Competition and Consumer Commission (ACCC), and other customary conditions, including RPM shareholder approval, Court approval, and there being no Material Adverse Change. The RPM Board unanimously recommend that RPM shareholders vote in favour of the Scheme. The transaction is expected to close on February 4, 2026. Australian Competition and Consumer Commission approved the transaction on December 18, 2025. As of December 19, 2025, the deal was approved by the shareholders of RPMGlobal. As of January 22, 2026, Treasurer of the Commonwealth of Australia that the Commonwealth Government has no objection to the Scheme under the Foreign Acquisitions and Takeovers Act 1975 (Cth). Accordingly, the Foreign Investment Approval condition contained in the Scheme Implementation Deed has been satisfied. As of February 3, 2026, the acquisition was approved by the Federal Court of Australia.
Moelis Australia Securities Pty Ltd. acted as financial advisor for RPMGlobal Holdings Limited. Derek Pocock of Baker McKenzie LLP acted as legal advisor for RPMGlobal Holdings Limited. Peter Stirling of King & Wood Mallesons, Australia Branch acted as legal advisor to Caterpillar. J.P. Morgan Securities LLC is serving as Caterpillar's financial advisor for the transaction.
Caterpillar Inc. (NYSE:CAT) completed the acquisition of RPMGlobal Holdings Limited (ASX:RUL) on February 4, 2026. Reported Earnings • Jan 30
Full year 2025 earnings released: EPS: US$18.90 (vs US$22.17 in FY 2024) Full year 2025 results: EPS: US$18.90 (down from US$22.17 in FY 2024). Revenue: US$67.6b (up 4.3% from FY 2024). Net income: US$8.88b (down 18% from FY 2024). Profit margin: 13% (down from 17% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Jan 16
Caterpillar Inc. to Report Q4, 2025 Results on Jan 29, 2026 Caterpillar Inc. announced that they will report Q4, 2025 results at 5:30 AM, Central Standard Time on Jan 29, 2026 Ankündigung • Jan 15
Caterpillar Inc. Announces Executive Changes of Construction Industries Caterpillar Inc. announced that Tony Fassino, group president of Construction Industries, has elected to retire effective May 31, 2026, following 30 years with the company. Caterpillar veteran Rod Shurman has been appointed group president of Construction Industries effective February 1, 2026, at which time Fassino will become group president, retired, for the remainder of the transition. Fassino's experience across Caterpillar's global portfolio helped drive the design and introduction of new products, services and technology, the development of go-to-market and distribution strategies, and the implementation of operational excellence across an extensive manufacturing and supply base. He held a variety of positions worldwide, including his appointment to senior vice president of Building Construction Products (BCP) in 2018 and group president of Construction Industries in 2021. Fassino also held numerous external leadership roles with the Association of Equipment Manufacturers, the Associated Equipment Distributors Foundation, the United Way of the Greater Triangle, the FFA Foundation and is currently the 2025 – 2026 chair of the American Road & Transportation Builders Association. Shurman currently serves as senior vice president of Caterpillar's BCP division, where he provides global leadership of the compact, versatile construction machines and attachments business. In his new role, he will be responsible for Caterpillar's Construction Industries segment, which includes Earthmoving, Excavation, BCP, China Operation, Cat Rental & Used, Customer Solutions Core Regions and Customer Solutions Growth Regions divisions, as well as the Construction Industries Supply Management group. Since joining Caterpillar in 1997, Shurman has held positions of increasing responsibility in engineering, service and operations functions. He has served as senior vice president for Caterpillar's Oil & Gas as well as Electrification & Energy Solutions divisions. Shurman has a bachelor's degree in mechanical engineering from Purdue University. Upcoming Dividend • Jan 12
Upcoming dividend of US$1.51 per share Eligible shareholders must have bought the stock before 19 January 2026. Payment date: 19 February 2026. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Italian dividend payers (4.5%). Lower than average of industry peers (1.2%). Recent Insider Transactions • Jan 06
Chief Financial Officer recently sold €4.9m worth of stock On the 31st of December, Andrew R. Bonfield sold around 10k shares on-market at roughly €490 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €7.5m. Andrew R. has been a net seller over the last 12 months, reducing personal holdings by €14m. New Risk • Jan 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (169% net debt to equity). Share price has been volatile over the past 3 months (5.4% average weekly change). Significant insider selling over the past 3 months (€13m sold). Declared Dividend • Dec 14
Dividend of US$1.51 announced Shareholders will receive a dividend of US$1.51. Ex-date: 19th January 2026 Payment date: 19th February 2026 Dividend yield will be 0.8%, which is lower than the industry average of 1.1%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Dec 11
Caterpillar Inc. Maintains Quarterly Dividend, Payable on February 19, 2026 Caterpillar Inc. voted to maintain the quarterly dividend of one dollar and fifty-one cents ($1.51) per share of common stock payable February 19, 2026, to shareholders of record at the close of business January 20, 2026. Recent Insider Transactions • Dec 03
Chief Financial Officer recently sold €4.9m worth of stock On the 1st of December, Andrew R. Bonfield sold around 10k shares on-market at roughly €492 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €7.5m. Andrew R. has been a net seller over the last 12 months, reducing personal holdings by €8.6m. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: US$4.91 (vs US$5.09 in 3Q 2024) Third quarter 2025 results: EPS: US$4.91 (down from US$5.09 in 3Q 2024). Revenue: US$17.6b (up 9.5% from 3Q 2024). Net income: US$2.30b (down 6.7% from 3Q 2024). Profit margin: 13% (down from 15% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Oct 15
Executive Chairman of the Board recently sold €7.5m worth of stock On the 10th of October, D. Umpleby sold around 17k shares on-market at roughly €435 per share. This transaction amounted to 3.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. D. has been a net seller over the last 12 months, reducing personal holdings by €20m. Declared Dividend • Oct 09
Dividend of US$1.51 announced Shareholders will receive a dividend of US$1.51. Ex-date: 17th October 2025 Payment date: 20th November 2025 Dividend yield will be 1.0%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Oct 06
Caterpillar Inc. Maintains Quarterly Dividend, Payable on November 20, 2025 The Board of Directors of Caterpillar Inc. voted to maintain the quarterly dividend of one dollar and fifty-one cents ($1.51) per share of common stock payable November 20, 2025 to shareholders of record at the close of business October 20, 2025. Recent Insider Transactions • Sep 24
Executive Chairman of the Board recently sold €6.7m worth of stock On the 22nd of September, D. Umpleby sold around 17k shares on-market at roughly €393 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. D. has been a net seller over the last 12 months, reducing personal holdings by €13m. Recent Insider Transactions • Sep 04
Executive Chairman of the Board recently sold €6.1m worth of stock On the 2nd of September, D. Umpleby sold around 17k shares on-market at roughly €354 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was D.'s only on-market trade for the last 12 months. Ankündigung • Sep 01
Caterpillar Inc. (NYSE:CAT) signed a letter of intent to acquire RPMGlobal Holdings Limited (ASX:RUL) for AUD 1.1 billion. Caterpillar Inc. (NYSE:CAT) signed a non-binding indicative proposal to acquire RPMGlobal Holdings Limited (ASX:RUL) for AUD 1.1 billion on September 1, 2025. A cash consideration valued at AUD 5 per share will be paid by Caterpillar Inc.
The transaction is subject to consummation of due diligence investigation and definitive agreement.
Moelis Australia Securities Pty Ltd. acted as financial advisor for RPMGlobal Holdings Limited. Baker McKenzie LLP acted as legal advisor for RPMGlobal Holdings Limited. Ankündigung • Aug 29
Caterpillar Inc. to Report Q3, 2025 Results on Oct 29, 2025 Caterpillar Inc. announced that they will report Q3, 2025 results on Oct 29, 2025 Buy Or Sell Opportunity • Aug 11
Now 21% undervalued Over the last 90 days, the stock has risen 13% to €354. The fair value is estimated to be €447, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Reported Earnings • Aug 05
Second quarter 2025 earnings released: EPS: US$4.64 (vs US$5.50 in 2Q 2024) Second quarter 2025 results: EPS: US$4.64 (down from US$5.50 in 2Q 2024). Revenue: US$16.6b (flat on 2Q 2024). Net income: US$2.18b (down 19% from 2Q 2024). Profit margin: 13% (down from 16% in 2Q 2024). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jul 22
Now 20% undervalued Over the last 90 days, the stock has risen 34% to €353. The fair value is estimated to be €443, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings are also forecast to grow by 6.9% per annum over the same time period. Ankündigung • Jul 22
Caterpillar Inc. to Report Q2, 2025 Results on Aug 05, 2025 Caterpillar Inc. announced that they will report Q2, 2025 results at 5:30 AM, Central Daylight on Aug 05, 2025 Upcoming Dividend • Jul 11
Upcoming dividend of US$1.51 per share Eligible shareholders must have bought the stock before 18 July 2025. Payment date: 20 August 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Italian dividend payers (5.1%). In line with average of industry peers (1.6%). Ankündigung • Jun 28
Caterpillar Inc.(NYSE:CAT) dropped from Russell Top 50 Index Caterpillar Inc.(NYSE:CAT) dropped from Russell Top 50 Index Declared Dividend • Jun 15
Dividend of US$1.51 announced Shareholders will receive a dividend of US$1.51. Ex-date: 18th July 2025 Payment date: 20th August 2025 Dividend yield will be 1.3%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 7.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Jun 12
Caterpillar Inc. Raises Quarterly Dividend, Payable on August 20, 2025 The Board of Directors of Caterpillar Inc. voted to raise the quarterly dividend by 10 cents, a 7% increase, to $1.51 per share of common stock, payable August 20, 2025 to shareholders of record at close of business July 21, 2025. Reported Earnings • May 02
First quarter 2025 earnings released: EPS: US$4.22 (vs US$5.78 in 1Q 2024) First quarter 2025 results: EPS: US$4.22 (down from US$5.78 in 1Q 2024). Revenue: US$14.2b (down 9.8% from 1Q 2024). Net income: US$2.00b (down 30% from 1Q 2024). Profit margin: 14% (down from 18% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Ankündigung • May 01
Caterpillar Inc., Annual General Meeting, Jun 11, 2025 Caterpillar Inc., Annual General Meeting, Jun 11, 2025. Ankündigung • Apr 15
Caterpillar Inc. Announces Chief Executive Officer Changes, Effective May 1 , 2025 Caterpillar Inc. announced that, on April 9, 2025, the Board of Directors of the Company appointed Joseph E. Creed (49) as the Company’s Chief Executive Officer, effective May 1, 2025, succeeding D. James Umpleby III. Mr. Umpleby will continue to serve as Chief Executive Officer until May 1, 2025, at which point he will become Executive Chairman of the Board. Mr. Creed currently serves as the Company’s Chief Operating Officer, a position he has held since November 1, 2023. Mr. Creed joined Caterpillar in 1997 and has held numerous positions of increased responsibility across multiple divisions of Caterpillar. He was promoted to Chief Financial Officer for Caterpillar’s Energy & Transportation business segment in 2013, then to Vice President of Caterpillar’s Finance Services Division in 2017. Mr. Creed also served as interim Chief Financial Officer for Caterpillar in 2018. He then became Vice President of the Oil & Gas and Marine Division and the Electric Power Division. In 2021, he was promoted to Group President of Energy & Transportation, a position he held until becoming Chief Operating Officer. In connection with these executive leadership changes, the Compensation and Human Resources Committee of the Board also approved certain changes to Mr. Creed’s and Mr. Umpleby’s respective compensation. Ankündigung • Apr 10
Caterpillar Inc. Announces Daniel M. Dickinson Will Not Stand for Re-Election to the Board On April 7, 2025, Daniel M. Dickinson communicated to the Board of Directors of Caterpillar Inc. his decision not to stand for re-election to the Board at the Company’s 2025 Annual Meeting of Shareholders. Mr. Dickinson’s decision was not the result of any disagreement with the Company. The Board is very grateful to Mr. Dickinson for his valuable contributions and many years of dedicated and excellent service. Ankündigung • Apr 09
Caterpillar Inc. Maintains Quarterly Dividend, Payable on May 20, 2025 The Board of Directors of Caterpillar Inc. voted to maintain the quarterly dividend of one dollar and forty-one cents ($1.41) per share of common stock, payable May 20, 2025, to shareholders of record at the close of business on April 21, 2025. Ankündigung • Apr 08
Caterpillar Celebrates Centennial Year At Bauma Caterpillar Inc. is focusing on "The Next 100 Years" of innovation and sustainability at bauma Munich 2025, the world's leading trade show for construction equipment. The company's exhibit showcases the latest equipment, technologies, power solutions and services to help customers face jobsite challenges head on. Caterpillar's bauma exhibit includes: The Performance Center showcases the possibilities when power, machinery, services, technology and autonomy work together. The display features various solutions to support customer jobsite success including helping increase performance, streamline efficiencies and achieve their sustainability goals. Visitors will be able to simulate how upgrading their fleet with Caterpillar's latest machine technologies can significantly reduce fuel consumption and associated greenhouse gas (GHG) emissions. Technology, Connectivity and Safety: Caterpillar is showcasing a series of live demonstrations of the latest VisionLink® features that help customers with equipment, productivity and safety management across fleets of all sizes. The full capabilities of Cat Command will also be on display in the most complete offering of remote-control, semi-autonomous and autonomous capabilities in the construction and quarry industries. Services and Support Solutions: Caterpillar offers integrated aftermarket solutions that help boost uptime, enhance efficiency, and reduce costs. This includes Customer Value Agreements (CVAs), digital tools and expert support. Powering your Jobsite: Caterpillar offers a comprehensive electrification ecosystem with tailored solutions to help customers reduce GHG emissions and enhance productivity. This approach includes renewable power sources, energy storage systems, advanced charging solutions and electric machines. Latest Equipment: The exhibit features 48 machines, including 17 new introductions or upgrades. These include enhancements to the battery electric line-up, Next Generation line-up expansions and additions to the demolition, waste handling and recycling portfolios. Engines and Jobsite Power: A range of Caterpillar industrial engines that are compatible with renewable fuels such as 100% hydrotreated vegetable oils (HVO) will also be on display, including the new C13D and a new high power C3.6 delivering 106 kW (142 hp). The stand features the first showing of a series hybrid power expansion powertrain, part of a growing electrification ecosystem of solutions from Caterpillar, a hydrogen engine testing exhibit highlighting the ongoing fuels development work and a remanufactured C7. bauma Munich runs from April 7-13, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €252, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Machinery industry in Italy. Total returns to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €338 per share. Buy Or Sell Opportunity • Apr 03
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at €282. The fair value is estimated to be €357, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 3.6% per annum over the same time period. Ankündigung • Apr 03
Caterpillar Inc. Announces Executive Changes Caterpillar Inc. announced the appointment of Christy Pambianchi to Chief Human Resources Officer (CHRO) effective May 1, 2025. Pambianchi will be a member of Caterpillar's Executive Office and will succeed Cheryl H. Johnson, whose retirement was announced in January 2025. Pambianchi has served as a CHRO for the past 18 years at various companies across multiple industries, most recently serving as Chief People Officer at Intel, a global leader in semiconductor design and manufacturing with over $53 billion in annual revenue. As the Chief People Officer at Intel, Pambianchi led Human Resources, Corporate Real Estate, Corporate Social Responsibility, and the company's Transformation Management Office. Pambianchi has held CHRO roles at Verizon and Corning with responsibilities that included information technology and every aspect of human resources. She also held additional roles of increased responsibility at PepsiCo Inc. Pambianchi holds a bachelor's degree from Cornell University'sSchool of Industrial and Labor Relations and is a fellow of the National Academy of Human Resources, serving on their board as well as several Human Resources boards to advance the profession. Reported Earnings • Feb 17
Full year 2024 earnings released: EPS: US$22.17 (vs US$20.24 in FY 2023) Full year 2024 results: EPS: US$22.17 (up from US$20.24 in FY 2023). Revenue: US$64.8b (down 3.4% from FY 2023). Net income: US$10.8b (up 4.4% from FY 2023). Profit margin: 17% (up from 15% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 26% per year. Ankündigung • May 01
Caterpillar Inc., Annual General Meeting, Jun 12, 2024 Caterpillar Inc., Annual General Meeting, Jun 12, 2024, at 08:00 Central Standard Time. Agenda: To consider Election of 9 Directors; to consider Ratification of Independent Registered Public Accounting Firm; to consider Advisory Vote to Approve Executive Compensation; to consider Shareholder Proposal - Independent Board Chairman; to consider Shareholder Proposal - Lobbying Disclosure; to consider Shareholder Proposal - Director Board Service; and to consider other matters. 
