$10.0B (31%) $0.84. We thank those in healthcare as well as the first responders helping fight the pandemic on the frontline. 14-Dec-2020 — #ICYMI Series 2020 10-Dec-2020 — Caterpillar joins employer coalition to create one million jobs for Black Americans over 10 years 09-Dec-2020 — Caterpillar Inc. Maintains Dividend Caterpillar says first-quarter sales decline 21%, does not give 2020 outlook because of pandemic Published Tue, Apr 28 2020 6:41 AM EDT Updated Tue, Apr 28 2020 … Caterpillar’s financial results for the remainder of 2020 will be impacted by continued global economic uncertainty due to the COVID-19 pandemic. Caterpillar Inc. (NYSE:CAT) Q2 2020 Earnings Summary. Keep up with timely, comprehensive financial and investor information about Caterpillar, a Fortune 100 company and the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Some of these cookies are set automatically because they’re necessary for the site to perform. Caterpillar Inc. CAT reported second-quarter 2020 adjusted earnings per share of $1.03, which beat the Zacks Consensus Estimate of $1.77 by a margin of 56%.However, the bottom line plunged 64% from the prior-year quarter’s adjusted earnings per share of $2.83. Got a confidential news tip? Caterpillar Inc. CAT is scheduled to report third-quarter 2020 results on Oct 27, before the opening bell. Second-quarter 2020 profit per share was $0.84, compared with $2.83 profit per share in the second quarter of 2019. Back to CAT Overview *The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. As of mid-July 2020, globally and across Caterpillar’s three primary segments, nearly all of the company’s primary production facilities continued to operate. In the last reported quarter, Caterpillar’s top and bottom lines declined on a year-over-year basis owing to lower demand across all segments and geographies amid the coronavirus pandemic. Jennifer, please go ahead. "We are well positioned for these challenging times because of the successful execution of our strategy," Caterpillar CEO Jim Umpleby said in a press release. Operating profit margin was 7.8% for the second quarter of 2020, compared with 15.3% for the second quarter of 2019. Appreciation for the brand extends far beyond those who use our machines, engines and services on the job. See who is reporting this week. For the first half of 2020, enterprise operating cash flow was $2.5 billion. Sales and revenues declined 23% year-over-year to $9.9 billion, due to lower sales volume driven by lower end-user demand for equipment and services. Caterpillar will conduct a teleconference and live webcast, with a slide presentation, beginning at 10 a.m. Central Time on Wednesday, July 24, 2019, to … Caterpillar media contact: Kate Kenny, +1 309-361-9333 or Kenny_Kate@cat.com. Caterpillar Reports Second-Quarter 2020 Results. Shop Cat® clothing and apparel. Read recent corporate press releases and news announcements distributed by Caterpillar Inc. Our leaders are committed to supporting customers and driving profitable growth. Caterpillar’s financial results for the remainder of 2020 will be impacted by continued global economic uncertainty due to the COVID-19 pandemic. Profit Per Share. Company Overview. | 4. This site uses cookies to create a better experience for you. Cat Financial reported second-quarter 2020 revenues. Since 1925, Caterpillar Inc. has been helping our customers build a better world – making sustainable progress possible and driving positive change on every continent. CATERPILLAR INC. company earnings calendar and analyst expectations - Upcoming and past events | Nyse: CAT | Nyse. Company Overview. Quick Economic Overview With 2019 sales and revenues of $53.8 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Check out the Markets Insider earnings calendar. The S&P 500 earnings results for 2020 Q2, based upon GAAP earnings (Generally Accepted Accounting Principals), show that the S&P 500 is, as usual, far above the top of its normal value range. 7.8% (7.5pts) Second Quarter 2020 Financial Results. Caterpillar ended the second quarter with $8.8 billion of enterprise cash and $18.5 billion of available liquidity sources. In July, Cat Financial issued $1.5 billion of new three-year and 18-month medium-term notes to supplement its liquidity position. Cupertino, California — April 30, 2020 — Apple today announced financial results for its fiscal 2020 second quarter ended March 28, 2020. “We are well positioned for these challenging times because of the successful execution of our strategy,” said Umpleby. Caterpillar (CAT) delivered earnings and revenue surprises of 56.06% and 8.71%, respectively, for the quarter ended June 2020. Jim Umpleby, Chairman & CEO “…The second quarter brought unprecedented challenges for our customers, dealers, employees and suppliers. https://investors.caterpillar.com/overview/default.aspx, https://investors.caterpillar.com/events-presentations/default.aspx, Second-quarter sales and revenues decreased 31%; profit per share declined 70%, Strong balance sheet; $8.8 billion of enterprise cash. From hats, boots, models, phones – and so much more. Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. The company has continued to take actions to reduce costs and prioritize its spending to provide for investment in services and expanded offerings, key elements of its strategy for profitable growth, which was introduced in 2017. We thank those in healthcare as well as the first responders helping fight the pandemic on the frontline. Caterpillar's stock, a member of the Dow Jones Industrial Average, fell 2.8% during Friday's session following the results. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Caterpillar (CAT) delivered earnings and revenue surprises of 56.06% and 8.71%, respectively, for the quarter ended June 2020. The company in April took on a new short-term credit facility of $3.88 billion that expires at the end of 2020, according to a filing at the Securities and Exchange Commission. Caterpillar Inc. (CAT Quick Quote CAT - Free Report) is scheduled to report second-quarter 2020 results on Jul 31, before the opening bell. Caterpillar continues to implement safeguards in its facilities to protect team members, including increased frequency of cleaning and disinfecting, social distancing practices and other measures consistent with specific regulatory requirements and guidance from health authorities. Caterpillar Inc Q1 2020 Earnings Call Apr 28, 2020, 8 :30 a.m. © 2020 CNBC LLC. Data is a real-time snapshot *Data is delayed at least 15 minutes. Since 1925, Caterpillar Inc. has been helping our customers build a better world – making sustainable progress possible and driving positive change on every continent. Wall Street expects a year-over-year decline in earnings on lower revenues when Caterpillar (CAT) reports results for the quarter ended June 2020. Friday, July 31, 2020 Shares of Caterpillar (NYSE:CAT) moved higher by 2% in pre-market trading after the company reported Q2 results. Do the numbers hold … Caterpillar (NYSE: CAT) announces its next round of earnings this Friday, July 31.Here is Benzinga's everything-that-matters guide for this Friday's Q2 earnings announcement. Q2 Estimates. Caterpillar posted adjusted per-share earnings of $1.03 on revenues of $10 billion, both better than expected. By clicking 'I Accept', you are agreeing to our use of functional, performance and targeting cookies. Caterpillar Inc. (NYSE:CAT) Q2 2020 Earnings Summary. All Rights Reserved. Do the numbers hold clues to what lies ahead for the stock? The company said a persistent decline in demand for its equipment as a result of the Covid-19 pandemic caused dealers to cut machinery and engine inventories about $1.4 billion in the three months ended June 30 versus an increase of about $500 million a year earlier. “We are focused on employee safety and maintaining a competitive and flexible cost structure while continuing to invest in services and expanded offerings to better serve our customers. For more information, visit caterpillar.com. Second-quarter 2020 profit per share included remeasurement losses of $0.19 per share resulting from settlements of pension obli gations. Still, the $10 billion in sales represented a 31% decrease compared with $14.4 billion the company reported a year earlier. Caterpillar Inc. reported third quarter 2020 earnings results today. North American construction sales, for example, fell 54% from a year earlier as builders postponed projects. Check out the latest from Team Caterpillar. Earnings … Caterpillar Inc. CAT reported second-quarter 2020 adjusted earnings per share of $1.03, which beat the Zacks Consensus Estimate of $1.77 by a … 1 (70%) Operating Profit Margin. About Caterpillar Caterpillar Inc (CAT) Q1 2020 Earnings Call Transcript CAT earnings call for the period ending March 31, 2020. Q2 2020 Caterpillar Inc Earnings Call 07/31/2020 08:30 AM (EDT) CAT. Act 1.6 Est 1.68 Q1 2020 Caterpillar Inc Earnings Call 04/28/2020 08:30 AM (EDT) CAT. Caterpillar says first-quarter sales decline 21%, does not give 2020 outlook because of pandemic Published Tue, Apr 28 2020 6:41 AM EDT Updated Tue, Apr 28 2020 … Wall Street expects a year-over-year decline in earnings on lower revenues when Caterpillar (CAT) reports results for the quarter ended June 2020. The company's board voted last month to maintain its quarterly dividend payment of $1.03 per share, payable to shareholders on Aug. 20. 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