Caterpillar Inc (CAT)

[///M3]

Government spending isnt slowing down

[DewDiligence]

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170776206

[DewDiligence]

Indeed. CAT's results call into question the doom-and-gloom analyses that have dominated the business press.

[Prudent Capitalist]

Great Q and report. Love the stock price action today (+8%)

[DewDiligence]

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

[Prudent Capitalist]

Agree. This is a positive.

CAT CEO to stay past “mandatory” retirement age:

[DewDiligence]

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.

[DewDiligence]

Escondido copper mine_moving_to all-electric hauling_trucks_during_next_decade:

https://finance.yahoo.com/news/bhp-caterpillar-finning-announce-agreement-210000202.html

BHP Group Limited, Caterpillar Inc., and Finning International Inc. announced today an agreement to replace BHP’s entire haul truck fleet at the Escondida mine, the world's largest copper producer, located in the Antofagasta Region, northern Chile.

This agreement is part of the strategic equipment renewal process developed by Escondida. The new Caterpillar 798 AC electric drive trucks will feature technology that delivers significant improvements in material-moving capacity, efficiency, reliability, and safety…

The first trucks are expected to arrive at the mine in the second half of 2023, with delivery of the remaining trucks to extend over the next 10 years as the three companies work to replace one of the largest fleets in the industry worldwide, currently comprised of over 160 haul trucks.

There is no dollar amount given in the PR for this project, but it is clearly a big deal for CAT.

[DewDiligence]

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

[BottomBounce]

$CAT has $37.58 Billion Debt

[Prudent Capitalist]

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.

[DewDiligence]

Investors are pricing in a recession, and CAT is a highly cyclical business.

[Nivea67515]

Stock is taking a beating !

[DewDiligence]

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.

[DewDiligence]

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).

[DewDiligence]

Today's webcast is being prepared for on-demand viewing.

[DewDiligence]

CAT investor day slides:

https://s25.q4cdn.com/358376879/files/doc_presentations/2022/05/Caterpillar-2022-Investor-Day-Presentation.pdf

[DewDiligence]

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.

[DewDiligence]

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

[peterquinnvet]

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

[peterquinnvet]

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/

[12Jokera]

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

[Bountiful_Harvest]

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/

[nowwhat2]

What a JOKE.....










Pathetic.....
The whole "system" is designed to take advantage of those who do not USE price charts.

[nowwhat2]

Just gotta LOVE earnings seasons huh ?



July 2021

6 months later
Interesting.....



Caterpillar 200 Baby !.....wtf !





LAND OF CHARTING.......SNEAKYVILLE !




SNEAKYVILLE U.S.A.

[nowwhat2]

So it's an earnings day today here I guess now then is it ?




Interesting.....



Caterpillar 200 Baby !.....wtf !

[DewDiligence]

An Investor Day is scheduled for May, 2022.

[DewDiligence]

CAT's non-GAAP EPS calculation excludes restructuring costs, a practice that encourages manipulation, IMO.

[DewDiligence]

CAT is not providing sales or EPS guidance for 2022.

[DewDiligence]

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.

[pack10]

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.

[DewDiligence]

CAT 3Q21 PR and CC slides:

https://www.caterpillar.com/en/news/corporate-press-releases/h/3q21-results-caterpillar-inc.html

https://s25.q4cdn.com/358376879/files/doc_financials/2021/q3/3Q-2021-Caterpillar-Inc-Earnings-Presentation.pdf

[nowwhat2]

Caterpillar Propels The Dow



5 sessions earlier

[nowwhat2]

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

[DewDiligence]

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.

[nowwhat2]

Last week


This Monday morn.


SPY

[Porterhouse10]

Gettin close to the 200 level

[Porterhouse10]

I wish, hoping for $200-205 might be a stretch, watching

[Trueheart]

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

[Trueheart]

Hey, Porterhouse 10, how ya been?

Is that a promise, buying around $150?

Trueheart

[Bountiful_Harvest]

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.

[Porterhouse10]

Will buy around $150

[Avidfisher]

With Foley Equipment as Cats main Vendor I see trouble on the horizon.

[masterofdisaster]

Nice period of consolidation, time to move north

[DewDiligence]

No specific news…just investors betting on a big infrastructure bill. Regards, Dew

[Prudent Capitalist]

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

[DewDiligence]

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.

[Passs]

Beast......

[DewDiligence]

CAT 3Q20 results:

https://www.wsj.com/articles/caterpillars-sales-fall-as-coronavirus-weighs-on-industry-11603798979

Slower construction of everything from cruise ships to pipelines during the coronavirus pandemic is weighing on demand for Caterpillar Inc.’s heavy machinery.

Caterpillar said Tuesday that machinery sales fell 23% in its third quarter as customers held off on big purchases. Revenue fell in Caterpillar’s three global segments, declining 23% in construction, 21% in mining and 24% in its energy and transportation business.

… Still, Caterpillar said there were some positive signs in the markets for its machinery, too. It expects industry-wide construction demand in China to increase for the year as a whole, despite a massive drop at the start of 2020 as the country first worked to contain the virus. In the U.S., home builders have increased construction rates in recent months.

3Q20 PR:
https://www.caterpillar.com/content/dam/caterpillarDotCom/releases/3q20/3q20-caterpillar-inc-financial-results.pdf

CC slides:
https://s25.q4cdn.com/358376879/files/doc_financials/2020/q3/3Q-2020-Earnings-Presentation.pdf

[DewDiligence]

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

Caterpillar will benefit just as it has in previous industrial cycles: by supplying the industry with the machines necessary to build whatever needs to be built. …Sales are likely to accelerate in the coming decade, and this time around the company can also improve profit margins and make sales a little less cyclical by adding services related to connecting and monitoring machines.

By 2019, Caterpillar had one million connected machines around the globe. Its stock is trading for about 21 times estimated 2021 earnings of $7.26 a share—but that may not be as expensive as it appears. Cyclical companies like Caterpillar typically trade at high price/earnings ratios when earnings have sagged. Caterpillar’s earnings are well off its previous peak earnings of about $11 a share in 2018, when its P/E ratio was about 13 times.

The time to buy Caterpillar is when things are starting to get better. And things are getting better. Wall Street expects sales to rise about 8% a year for the next four years, hitting $56
billion by 2024, after growing at a 2% clip from 2016 and 2020.

In the expected industrial upturn, shares can trade up 50% from Caterpillar’s average price of $144 during 2017-18, when Caterpillar last produced peak earnings. That is roughly $210 to $220 a share—about 20% higher than CAT stock’s all-time high, set at the start of 2018.

CAT is often thought of as a construction-equipment company, but the Resource Industries (mining) segment and the Energy & Transportation segment produce 60% of the company’s product sales.