Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Government spending isnt slowing down
Indeed. CAT's results call into question the doom-and-gloom analyses that have dominated the business press.
Great Q and report. Love the stock price action today (+8%)
CAT 3Q22 results
Overall, a very solid quarter with no sign of an impending business downturn. Revenue: $15.0B, +21% YoY; GAAP EPS: $3.87, +48% YoY; non-GAAP EPS*: $3.95, +49% YoY.
CAT does not provide specific guidance for sales or EPS, but it expects 4Q22 to be the strongest quarter of 2022 (consistent with normal seasonal patterns) with YoY sales increases in all three business segments. CAT also expects that 4Q22 and full-year 2022 price increases will more than offset cost inflation of raw-materials inputs.
*Non-GAAP EPS excludes restructuring costs, which were $0.08/sh in 3Q22 and $0.06/sh in 3Q21. Excluding restructuring costs is a policy that I take issue with insofar as a multinational, multifaceted business such as CAT’s has restructuring costs continually. In this particular instance, the adjustments for restructuring costs were small, but this is not the case in all reporting periods.
PR:
https://www.caterpillar.com/content/dam/caterpillarDotCom/releases/3q22/3q22-caterpillar-inc-financial-results.pdf
CC slides:
https://s25.q4cdn.com/358376879/files/doc_financials/2022/q3/3Q-2022-Caterpillar-Inc-Earnings-Presentation.pdf
Agree. This is a positive.
CAT CEO to stay past “mandatory” retirement age:
https://finance.yahoo.com/news/jim-umpleby-continue-caterpillar-chairman-201500413.html
Makes sense, IMO. This is not a great time to change horses.
Escondido copper mine_moving_to all-electric hauling_trucks_during_next_decade:
https://finance.yahoo.com/news/bhp-caterpillar-finning-announce-agreement-210000202.html
CAT 2Q22 results
Revenue: $14.2B, +11% YoY; non-GAAP EPS*: $3.18, +22% YoY. Despite these impressive numbers, the stock is down ~5% today because: 1) sales by CAT’s independent dealers to equipment end users were down slightly YoY; and 2) the outlook for sales of large excavators in China is bleak.
CAT does not provide specific guidance for sales or EPS, but it expects 2H22 to be better than 1H22 and that product price increases will more than offset increases in raw-materials costs for 2H22 and the full year.
*Non-GAAP EPS excludes restructuring costs, which is a policy that I take issue with insofar as a multinational, multifaceted business such as CAT’s has restructuring costs continually.
2Q22 PR:
https://finance.yahoo.com/news/caterpillar-reports-second-quarter-2022-103000767.html
CC slides:
https://s25.q4cdn.com/358376879/files/doc_presentations/2022/08/2Q-2022-Earnings-Release_Analyst-Slides-Final.pdf
$CAT has $37.58 Billion Debt
Hard to watch but I will hold all of my CAT shares long term and continue to automatically reinvest all dividends. For those who reinvest dividends these pullbacks give one a lot more bang for the buck long term.
Investors are pricing in a recession, and CAT is a highly cyclical business.
Stock is taking a beating !
CAT moves corporate headquarters from Illinois to Texas:
https://www.barrons.com/articles/caterpillar-is-moving-to-texas-51655242731
The company says taxes are not the reason for the move, but I don't believe it.
CAT boosts annualized dividend to $4.80—(from $4.44)—the_28th_consecutive_year for a dividend hike:
https://finance.yahoo.com/news/caterpillar-inc-increases-dividend-140500714.html
At the current share price (~$231), the new payout represents a yield of 2.1%. The dividend would presumably be higher if CAT didn’t have an aggressive share-buyback program (#msg-168886038).
Today's webcast is being prepared for on-demand viewing.
CAT authorizes new $15B share buyback:
https://finance.yahoo.com/news/caterpillar-highlights-services-energy-transition-123000180.html
The new $15B authorization starts 8/1/22; the $1.4B remaining on the existing buyback authorization will presumably be used up by then.
Hypothetically, if the entire buyback authorization were used to buy shares at the current share price, the number of shares outstanding would be reduced about 14%.
p.s. CAT is holding an Investor Day webcast today.
CAT 1Q22 results:
All told, 1Q22 was a decent quarter: sales of $13.6B (+14% YoY) and GAAP EPS of $2.86 (+3% YoY) exceeded consensus expectations; however, sales in China were down ~50% YoY due to the COVID lockdowns there.
CAT was able to capture 85-90% of its cost-of-goods inflation through price increases during 1Q22, and it expects to capture >=100% for the full year.
CAT is not providing sales or EPS guidance for 2022.
PR:
https://www.caterpillar.com/content/dam/caterpillarDotCom/releases/1q22/1q22-caterpillar-inc-financial-results.pdf
CC slides:
https://s25.q4cdn.com/358376879/files/doc_financials/2022/q1/1Q-2022-Earnings-Release_Analyst-Slides-Final.pdf
Be ready for big things with Caterpillar
$Cat made Nasdaq's list for 4 Top Infrastructure Stocks To Watch As Senate Passes $1 Trillion Infrastructure Bill
https://www.nasdaq.com/articles/4-top-infrastructure-stocks-to-watch-as-senate-passes-%241-trillion-infrastructure-bill-2021
Caterpillar (NYSE:CAT) is a leading global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. That makes it a prime beneficiary of increasing global infrastructure spending.
The industrial company has a long history of creating value for shareholders. Caterpillar has increased its dividend for more than 25 years, qualifying it as a Dividend Aristocrat. This trend should continue, given the growing need for equipment to build and maintain global infrastructure.
https://www.fool.com/investing/stock-market/market-sectors/industrials/construction-stocks/infrastructure-stocks/
I remember a time holy Toledo Ohio used to have a huge ass shipping port wonder if they will ever rebuild it back or put the Earth's core back in that would be a huge boost to this company
Union Pacific buys ten more all-electric locomotives, this time from Caterpillar Inc.’s Progress Rail, investing over $100 million in total:
https://electrek.co/2022/01/31/union-pacific-buys-ten-more-all-electric-locomotives-this-time-from-caterpillar-inc-s-progress-rail-investing-over-100-million-in-total/
An Investor Day is scheduled for May, 2022.
CAT's non-GAAP EPS calculation excludes restructuring costs, a practice that encourages manipulation, IMO.
CAT is not providing sales or EPS guidance for 2022.
CAT logs solid 4Q21 sales and EPS—but margins fell due to raw-materials inflation and supply-chain bottlenecks.
PR:
https://www.caterpillar.com/content/dam/caterpillarDotCom/releases/4q21/4q21-caterpillar-inc-financial-results.pdf
CC slides:
https://s25.q4cdn.com/358376879/files/doc_financials/2021/q4/4Q-2021-Earnings-Release_Analyst-Slides-Final.pdf
Full-year 2021 non-GAAP EPS was $10.81, up from $6.56 in 2020.
This stock is for any serious minded investor who has some cash to invest.
Why CAT, because they are growing with the many companies who use and need their products.
I could easily see a pps in the 230 / 250 range by mid next year. Take a few minutes and do research on this company and I believe you'll reach a similar conclusion.
Canada's hottest CEO.....These guys were promoted as being competition to Youtube
Captureres of ad revenue.....
But.....
One needs to be on the lookout for signs of Rollovers....(of where trends may become a friend)
Caterpillar Inc. - July 19th
Currently
June 14th
Currently - Will the (200) Support hold ?
nowwhat 2020
CAT 2Q21 items…
PR:
https://www.caterpillar.com/content/dam/caterpillarDotCom/releases/2q21/2q21-caterpillar-inc-financial-results.pdf
CC slides:
https://s25.q4cdn.com/358376879/files/doc_financials/2021/q2/2Q-2021-Caterpillar-Inc-Earnings-Presentation.pdf
CAT posted an excellent quarter, but the stock is down modestly today because CAT warned that inflation in raw materials will crimp CAT’s margins during the next few quarters, despite CAT’s intention to raise prices.
Gettin close to the 200 level
I wish, hoping for $200-205 might be a stretch, watching
CAT will be fine. It's down and out of favor for the moment but in the long run the company will do well.
Trueheart
Hey, Porterhouse 10, how ya been?
Is that a promise, buying around $150?
Trueheart
https://seekingalpha.com/article/4430963-how-to-buy-and-build-a-caterpillar-position
Should CAT partner with the right technology company, then perhaps that would change the SP outlook. It might be good to have some mavericks on their team, at this stage. Shake things up.
With Foley Equipment as Cats main Vendor I see trouble on the horizon.
Nice period of consolidation, time to move north
No specific news…just investors betting on a big infrastructure bill. Regards, Dew
Dew: Are you seeing any news or explanation for the surge in CAT shares this am to a record high above $205? As a long time holder I love it. CNBC did just release a new in-depth video on "Why Caterpillar Stock is Flying"
https://www.msn.com/en-us/money/topstocks/why-caterpillar-stock-is-flying/vi-BB1dJkeI?ocid=ientp
CAT 4Q20 items…
PR:
https://www.caterpillar.com/en/news/corporate-press-releases/h/4q20-results-caterpillar-inc.html
CC slides:
https://s25.q4cdn.com/358376879/files/doc_financials/2020/q4/4Q-2020-Caterpillar-Earnings-Presentation.pdf
The stock is +1% in PM trading.
CAT 3Q20 results:
https://www.wsj.com/articles/caterpillars-sales-fall-as-coronavirus-weighs-on-industry-11603798979
CAT featured prominently in Barron’s cover story:
https://www.barrons.com/articles/industrial-stocks-are-getting-ready-for-10-years-of-outperformance-heres-how-to-play-it-51602280389
Followers
|
68
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
1080
|
Created
|
07/04/06
|
Type
|
Free
|
Moderators DewDiligence Prudent Capitalist |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |