From hats, boots, models, phones – and so much more. For the first half of 2020, enterprise operating cash flow was $2.5 billion. Read recent corporate press releases and news announcements distributed by Caterpillar Inc. Our leaders are committed to supporting customers and driving profitable growth. All Rights Reserved. Caterpillar’s financial results for the remainder of 2020 will be impacted by continued global economic uncertainty due to the COVID-19 pandemic. “In the second quarter, our employees and dealers remained dedicated to providing the essential products and services the world needs under very challenging conditions.”. Company Overview. Earnings … The decline was due to lower sales volume driven by lower end-user demand and the impact from changes in dealer inventories. Caterpillar Inc. reported third quarter 2020 earnings results today. Quarterly Results. There is challenging work being done around the world. The Zacks Consensus Estimate for second-quarter total sales is pegged at $9.20 billion, suggesting a decline of 36% from the prior-year quarter. This compares to earnings of $2.83 per share a year ago. Based on Caterpillar's 1st quarter 2020 earnings report our valuation model provides a target price (full value price) at $126.70 a Caterpillar stock. Got a confidential news tip? The price to earnings ratio is calculated by taking the latest closing price and dividing it by the most recent earnings per share (EPS) number. “We are well positioned for these challenging times because of the successful execution of our strategy,” said Umpleby. Act 2.63 Est 2.38 Q4 2019 Caterpillar Inc Earnings Call 01/31/2020 08:30 AM (EST) CAT. Earnings … 1 . We therefore believe that the stock of Caterpillar is slightly overvalued. Still, the $10 billion in sales represented a 31% decrease compared with $14.4 billion the company reported a year earlier. Log in. E-mail: Password: Remember: Forgot password ? Profit Per Share. Check out the Markets Insider earnings calendar. Jim Umpleby, Chairman & CEO. The full version of the Caterpillar Inc. 2Q 2020 results release. Caterpillar Inc. (NYSE:CAT) Q2 2020 Earnings Summary. Our Annual Report and Sustainability Reports highlight company performance and progress against goals. DEERFIELD, Ill. – Caterpillar Inc. (NYSE: CAT) today announced second-quarter 2020 sales and revenues of $10.0 billion, a 31% decrease compared with $14.4 billion in the second quarter of 2019. Caterpillar Inc. (CAT Quick Quote CAT - Free Report) is scheduled to report third-quarter 2020 results on Oct 27, before the opening bell. Wall Street expects a year-over-year decline in earnings on lower revenues when Caterpillar (CAT) reports results for the quarter ended June 2020. Q2 Results & Surprise History. Analysts: Jamie Cook — Credit Suisse — Analyst. Data is a real-time snapshot *Data is delayed at least 15 minutes. Caterpillar earnings Q2 2020 beat expectations July 31, 2020 admin Earnings 0 Caterpillar Inc. excavators are displayed for sale at the Whayne Supply Co. dealership in Louisville, Kentucky, U.S., on Monday, Jan. 27, 2020. Caterpillar Reports Second-Quarter 2020 Results. Second-quarter 2020 profit per share was $0.84, compared with $2.83 profit per share in the second quarter of 2019. Together, we’ve built a rich history over the past 95 years. 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. Operating profit margin was 7.8% for the second quarter of 2020, compared with 15.3% for the second quarter of 2019. 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. We thank those in healthcare as well as the first responders helping fight the pandemic on the frontline. Response to COVID-19 and Global Business Conditions, “I am proud of the global team’s continued focus on safety while executing our strategy and serving our customers,” said Caterpillar Chairman and CEO Jim Umpleby. 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. Cat Financial reported second-quarter 2020 revenues. Caterpillar (CAT - Free Report) is set to release its second-quarter fiscal 2020 financial results before the opening bell on Friday, July 31.Wall Street will be watching CAT closely for signs of economic recovery, as fears of an uptick in coronavirus cases mount. 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. Q2 Estimates. 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. Analysts were expecting revenue of just $9.38 billion for the quarter, according to the consensus from Refinitiv. Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. The disappointing performance can primarily owing to lower demand across all segments and geographies. Other cookies are used for functional, performance, and targeting purposes to enhance your experience by personalizing content and ads, enabling third party content and features, and enabling us to analyze how this site is used. It's for that reason that cost-cutting initiatives and spending austerity were so critical to the company's success in the second quarter, management said in a statement accompanying the financial results. Caterpillar Inc. at Jefferies 2020 Industrial Conference: Summary Toggle Jul 31, 2020 8:30 AM EDT : Q2 2020 Caterpillar Inc. Earnings Conference Call Act 1.6 Est 1.68 Q1 2020 Caterpillar Inc Earnings Call 04/28/2020 08:30 AM (EDT) CAT. Dealers decreased machine and engine inventories about $1.4 billion during the second quarter of 2020, compared with an increase of about $500 million during the second quarter of 2019. Shares of Caterpillar (NYSE:CAT) moved higher by 2% in pre-market trading after the company reported Q2 results. Appreciation for the brand extends far beyond those who use our machines, engines and services on the job. As such, Caterpillar withdrew its earnings guidance on March 26 and is not providing a financial outlook for 2020 at this time. Caterpillar (CAT) delivered earnings and revenue surprises of 56.06% and 8.71%, respectively, for the quarter ended June 2020. To watch this video, please open our cookie policy and accept the use of cookies. Read more about our teamwork and accomplishments. For more information, visit caterpillar.com. To learn more, please visit our Legal Notices - Cookie page. Caterpillar Inc. excavators are displayed for sale at the Whayne Supply Co. dealership in Louisville, Kentucky, U.S., on Monday, Jan. 27, 2020. This site uses cookies to create a better experience for you. Caterpillar (CAT) came out with quarterly earnings of $1.03 per share, beating the Zacks Consensus Estimate of $0.66 per share. Quick Economic Overview 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. Company Overview. Quick facts about Caterpillar – the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Jim Umpleby, Chairman & CEO “…The second quarter brought unprecedented challenges for our customers, dealers, employees and suppliers. Caterpillar Earnings: CAT Stock Drops 3% Despite Q2 Beats CAT EPS and revenue beat out estimates By William White , InvestorPlace Writer Jul 31, 2020, 3:32 pm EST July 31, 2020 Caterpillar posted adjusted per-share earnings of $1.03 on revenues of $10 billion, both better than expected. Some of these cookies are set automatically because they’re necessary for the site to perform. Cat® product offerings include articulated trucks, backhoe loaders, dozers, engines, excavators, generators, motor graders, skid steer loaders and wheel loaders. Caterpillar Inc. (“Caterpillar”, “we” or “our”) is furnishing supplemental information concerning (i) retail sales of machines to end users and (ii) retail sales of power systems (including reciprocating and turbine engines and locomotives) to end users and Original Equipment Manufacturers (“OEMs”). 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. JULY 31, 2020 / 12:30PM, CAT.N - Q2 2020 Caterpillar Inc Earnings Call D. James Umpleby - Caterpillar Inc. - Chairman of the Board & CEO The biggest issue affecting margins, of course, is volume because of the leverage we have there. 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. 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. Shop Cat® clothing and apparel. The Deerfield, Illinois-based equipment maker posted adjusted per-share earnings of $1.03 on revenues of $10 billion. Caterpillar Inc. (NYSE:CAT) Q2 2020 Earnings Summary. And welcome to the Q2 2020 Caterpillar Inc. earnings conference call. Profit per share in the second quarter of 2020 included pre-tax remeasurement losses of $122 million, or $0.19 per share, resulting from the settlements of pension obligations. Q2 Estimates. Caterpillar Inc (CAT) Q1 2020 Earnings Call Transcript CAT earnings call for the period ending March 31, 2020. Do the numbers hold clues to what lies ahead for the stock? Wall Street expects a year-over-year decline in earnings on lower revenues when Caterpillar (CAT) reports results for the quarter ended June 2020. Caterpillar's stock, a member of the Dow Jones Industrial Average, fell 2.8% during Friday's session following the results. Analysts have slashed expectations for Caterpillar's top and bottom lines as the coronavirus continues to weigh on capital spending and erodes dealers' demand for the manufacturer's equipment. So what is Caterpillar's stock worth based on the release of their 1st quarter 2020 earnings report? 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 … Sign up for free newsletters and get more CNBC delivered to your inbox. $10.0B (31%) $0.84. Before the Q2 report, Wall Street analysts expected Caterpillar earnings per share of $5.19 in 2020, down from $11.06 per share in 2019. Many U.S. manufacturers have sought similar short-term credit lines to secure their balance sheets amid the pandemic. 7:30 AM Central Time. See who is reporting this week. Back to CAT Overview *The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. Since 1925, Caterpillar Inc. has been helping our customers build a better world – making sustainable progress possible and driving positive change on every continent. Current and historical p/e ratio for Caterpillar (CAT) from 2006 to 2020. The impact of the coronavirus was on full display in Caterpillar's financial results and appeared to track its progress in the second quarter based on geographic region. We will adjust production as conditions warrant.". As a new earnings season begins, let's look at the finalized results of the last earnings period. The company principally operates through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and provides financing and related services through its Financial Products segment. Get this delivered to your inbox, and more info about our products and services. Interestingly, Zacks Equity Research doesn’t predict that CAT stock will produce an earnings beat for Q2. Andrew R.J. Bonfield — Chief Financial Officer. ET ... standing by, and welcome to the Q1 2020 Caterpillar Inc. Earnings Conference Call. Jul. To connect on social media, visit caterpillar.com/social-media. North American construction sales, for example, fell 54% from a year earlier as builders postponed projects. © 2020 CNBC LLC. Jim Umpleby — Chairman and Chief Executive Officer. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Caterpillar media contact: Kate Kenny, +1 309-361-9333 or [email protected] Caterpillar Earnings: CAT Stock Drops 3% Despite Q2 Beats CAT EPS and revenue beat out estimates By William White , InvestorPlace Writer Jul 31, 2020, 3:32 pm EST July 31, 2020 Q2 Results & Surprise History. Caterpillar Inc. (CAT Quick Quote CAT - Free Report) is scheduled to report second-quarter 2020 results on Jul 31, before the opening bell. The Company posted quarterly revenue of $58.3 billion, an increase of 1 percent from the year-ago quarter, and quarterly earnings per … In July, Cat Financial issued $1.5 billion of new three-year and 18-month medium-term notes to supplement its liquidity position. Services offered throughout the product life cycle, cutting-edge technology and decades of product expertise set Caterpillar apart, providing exceptional value to help our customers succeed. Caterpillar Stock Is An “Avoid” Prior to Q2 Earnings. We want to hear from you. Since 1925, Caterpillar Inc. has been helping our customers build a better world – making sustainable progress possible and driving positive change on every continent. Find earnings report and search by company, date and market cap. “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. 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. Check out the latest from Team Caterpillar. CATERPILLAR INC. company earnings calendar and analyst expectations - Upcoming and past events | Nyse: CAT | Nyse. Industrial machinery manufacturer Caterpillar said Friday that cost reduction and prioritized spending helped it offset a $1.4 billion decline in dealer inventories during the second quarter and post better-than-expected results. Caterpillar’s financial results for the remainder of 2020 will be impacted by continued global economic uncertainty due to the COVID-19 pandemic. Learn more about Caterpillar and the work we do to help our customers succeed. 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 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. Caterpillar Inc. CAT is scheduled to report third-quarter 2020 results on Oct 27, before the opening bell. Key highlights from Caterpillar Inc.’s Third-Quarter 2020 earnings results and top news from the quarter. Though better than what analysts were expecting, $10 billion in sales represented a 31% decrease compared with the $14.4 billion the company reported in the second quarter of 2019. Caterpillar said the Covid pandemic caused dealers to cut inventories by about $1.4 billion in the quarter versus an increase of about $500 million a year earlier. We thank those in healthcare as well as the first responders helping fight the pandemic on the frontline. 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 … 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. 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 … Jennifer, please go ahead. 30, 2020 1:26 PM ET Caterpillar Inc. (CAT) By: Akanksha Bakshi, SA News Editor 1 Comment. Q2 Estimates. About Caterpillar Caterpillar Inc. CAT is scheduled to report second-quarter 2020 results on Jul 31, before the opening bell. 1 (70%) Operating Profit Margin. Caterpillar ended the second quarter with $8.8 billion of enterprise cash and $18.5 billion of available liquidity sources. Do the numbers hold … The PE ratio is a simple way to assess whether a stock is over or under valued and is the most widely used valuation measure. | 4. By clicking 'I Accept', you are agreeing to our use of functional, performance and targeting cookies. Q2 2020 Caterpillar Inc Earnings Call 07/31/2020 08:30 AM (EDT) CAT. This continues to fluctuate as conditions warrant, including the pace of economic recovery and the potential for additional COVID-related temporary shutdowns. As such, Caterpillar withdrew its earnings guidance on March 26 and is not providing a financial outlook for 2020 at this time. Cupertino, California — April 30, 2020 — Apple today announced financial results for its fiscal 2020 second quarter ended March 28, 2020. 7.8% (7.5pts) Second Quarter 2020 Financial Results. We will adjust production as conditions warrant and are prepared to respond quickly to any positive or negative changes in customer demand.”. Caterpillar Q2 2020 Earnings Preview. 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. Sales & Revenues. Caterpillar Inc. CAT is scheduled to report second-quarter 2020 results on Jul 31, before the opening bell. "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. A Division of NBCUniversal. Since 1925, Caterpillar Inc. has been helping our customers build a better world – making sustainable progress possible and driving positive change on every continent. [Operator instructions] I would now like to hand the conference over to your speaker today. 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. "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. Second-quarter 2020 profit per share included remeasurement losses of $0.19 per share resulting from settlements of pension obli gations. Caterpillar posted adjusted per-share earnings of $1.03 on revenues of $10 billion, both better than expected. Caterpillar Inc. Q3 2020 earnings call dated Oct. 27, 2020Corporate Participants: Jennifer Driscoll — Director of Investor Relations. Caterpillar earnings Q2 2020 beat expectations July 31, 2020 admin Earnings 0 Caterpillar Inc. excavators are displayed for sale at the Whayne Supply Co. dealership in Louisville, Kentucky, U.S., on Monday, Jan. 27, 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. Jim Umpleby, Chairman & CEO. Friday, July 31, 2020 David Raso — Evercore ISI Institutional Equities — Analyst 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 … But in Asia and the Pacific, where the spread of the disease appears to be decelerating at a faster rate, construction sales fell just 10% on a year-over-year basis, far better than the 31% decline in Caterpillar's first-quarter results. More CNBC delivered to your speaker today watch this video, please our... Act 1.6 Est caterpillar earnings q2 2020 Q1 2020 earnings results and top News from the quarter ended June.! Now like to hand the conference over to your inbox, stock Quotes, welcome... Our products and services on the release of their 1st quarter 2020 financial results 309-361-9333 Kenny_Kate. 2020 caterpillar Inc ( CAT ) Q2 2020 caterpillar Inc Q1 2020 caterpillar Inc Call. 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