1 (70%) Operating Profit Margin. By clicking 'I Accept', you are agreeing to our use of functional, performance and targeting cookies. Operating profit margin was 7.8% for the second quarter of 2020, compared with 15.3% for the second quarter of 2019. We therefore believe that the stock of Caterpillar is slightly overvalued. Q2 Results & Surprise History. Caterpillar (CAT) delivered earnings and revenue surprises of 56.06% and 8.71%, respectively, for the quarter ended June 2020. Sign up for free newsletters and get more CNBC delivered to your inbox. In July, Cat Financial issued $1.5 billion of new three-year and 18-month medium-term notes to supplement its liquidity position. Act 2.63 Est 2.38 Q4 2019 Caterpillar Inc Earnings Call 01/31/2020 08:30 AM (EST) CAT. Shop Cat® clothing and apparel. Wall Street expects a year-over-year decline in earnings on lower revenues when Caterpillar (CAT) reports results for the quarter ended June 2020. Second-quarter 2020 profit per share was $0.84, compared with $2.83 profit per share in the second quarter of 2019. 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 Inc Q1 2020 Earnings Call Apr 28, 2020, 8 :30 a.m. This compares to earnings of $2.83 per share a year ago. 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. Check out the latest from Team Caterpillar. Jim Umpleby, Chairman & CEO. 7:30 AM Central Time. Caterpillar's stock, a member of the Dow Jones Industrial Average, fell 2.8% during Friday's session following the results. Company Overview. ET ... standing by, and welcome to the Q1 2020 Caterpillar Inc. Earnings Conference Call. Caterpillar’s financial results for the remainder of 2020 will be impacted by continued global economic uncertainty due to the COVID-19 pandemic. The Company posted quarterly revenue of $58.3 billion, an increase of 1 percent from the year-ago quarter, and quarterly earnings per … 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 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. Analysts were expecting revenue of just $9.38 billion for the quarter, according to the consensus from Refinitiv. 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. Caterpillar Inc. (NYSE:CAT) Q2 2020 Earnings Summary. Q2 Estimates. 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. Caterpillar Inc. (NYSE:CAT) Q2 2020 Earnings Summary. 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. © 2020 CNBC LLC. We thank those in healthcare as well as the first responders helping fight the pandemic on the frontline. Caterpillar (CAT) delivered earnings and revenue surprises of 56.06% and 8.71%, respectively, for the quarter ended June 2020. Cupertino, California — April 30, 2020 — Apple today announced financial results for its fiscal 2020 second quarter ended March 28, 2020. Together, we’ve built a rich history over the past 95 years. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Appreciation for the brand extends far beyond those who use our machines, engines and services on the job. Caterpillar Inc. (CAT Quick Quote CAT - Free Report) is scheduled to report third-quarter 2020 results on Oct 27, before the opening bell. [Operator instructions] I would now like to hand the conference over to your speaker today. A Division of NBCUniversal. The Deerfield, Illinois-based equipment maker posted adjusted per-share earnings of $1.03 on revenues of $10 billion. Caterpillar Inc. CAT is scheduled to report second-quarter 2020 results on Jul 31, before the opening bell. Earnings … The full version of the Caterpillar Inc. 2Q 2020 results release. Caterpillar Reports Second-Quarter 2020 Results. 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”). 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. Do the numbers hold clues to what lies ahead for the stock? Q2 Results & Surprise History. 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. 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. To connect on social media, visit caterpillar.com/social-media. Many U.S. manufacturers have sought similar short-term credit lines to secure their balance sheets amid the pandemic. Get this delivered to your inbox, and more info about our products and services. Current and historical p/e ratio for Caterpillar (CAT) from 2006 to 2020. 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. About Caterpillar Q2 Estimates. All Rights Reserved. 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. "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. For more information, visit caterpillar.com. Jim Umpleby, Chairman & CEO. Caterpillar Inc (CAT) Q1 2020 Earnings Call Transcript CAT earnings call for the period ending March 31, 2020. The decline was due to lower sales volume driven by lower end-user demand and the impact from changes in dealer inventories. We want to hear from you. Andrew R.J. Bonfield — Chief Financial Officer. “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. 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. Caterpillar Inc. reported third quarter 2020 earnings results today. 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. Jim Umpleby, Chairman & CEO “…The second quarter brought unprecedented challenges for our customers, dealers, employees and suppliers. 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. 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. Analysts: Jamie Cook — Credit Suisse — Analyst. We will adjust production as conditions warrant.". 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 … To watch this video, please open our cookie policy and accept the use of cookies. 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. 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 Inc. CAT is scheduled to report third-quarter 2020 results on Oct 27, before the opening bell. 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 Inc. CAT reported second-quarter 2020 adjusted earnings per share of $1.03, which beat the Zacks Consensus Estimate of $1.77 by a … 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. Cat® product offerings include articulated trucks, backhoe loaders, dozers, engines, excavators, generators, motor graders, skid steer loaders and wheel loaders. This continues to fluctuate as conditions warrant, including the pace of economic recovery and the potential for additional COVID-related temporary shutdowns. Jennifer, please go ahead. The company's board voted last month to maintain its quarterly dividend payment of $1.03 per share, payable to shareholders on Aug. 20. 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. Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. CATERPILLAR INC. company earnings calendar and analyst expectations - Upcoming and past events | Nyse: CAT | Nyse. 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. The disappointing performance can primarily owing to lower demand across all segments and geographies. David Raso — Evercore ISI Institutional Equities — Analyst As such, Caterpillar withdrew its earnings guidance on March 26 and is not providing a financial outlook for 2020 at this time. For the first half of 2020, enterprise operating cash flow was $2.5 billion. North American construction sales, for example, fell 54% from a year earlier as builders postponed projects. Our Annual Report and Sustainability Reports highlight company performance and progress against goals. There is challenging work being done around the world. "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. 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. So what is Caterpillar's stock worth based on the release of their 1st quarter 2020 earnings report? 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 Inc. (CAT Quick Quote CAT - Free Report) is scheduled to report second-quarter 2020 results on Jul 31, before the opening bell. 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. Jim Umpleby, Chairman & CEO “…The second quarter brought unprecedented challenges for our customers, dealers, employees and suppliers. 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. And welcome to the Q2 2020 Caterpillar Inc. earnings conference call. Earnings … 30, 2020 1:26 PM ET Caterpillar Inc. (CAT) By: Akanksha Bakshi, SA News Editor 1 Comment. Sales & Revenues. $10.0B (31%) $0.84. 7.8% (7.5pts) Second Quarter 2020 Financial Results. Some of these cookies are set automatically because they’re necessary for the site to perform. 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. Company Overview. Cat Financial reported second-quarter 2020 revenues. Jul. 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 E-mail: Password: Remember: Forgot password ? Data is a real-time snapshot *Data is delayed at least 15 minutes. Act 1.6 Est 1.68 Q1 2020 Caterpillar Inc Earnings Call 04/28/2020 08:30 AM (EDT) CAT. Quick Economic Overview Caterpillar Q2 2020 Earnings Preview. As a new earnings season begins, let's look at the finalized results of the last earnings period. 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. 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. Caterpillar media contact: Kate Kenny, +1 309-361-9333 or Kenny_Kate@cat.com. Learn more about Caterpillar and the work we do to help our customers succeed. Caterpillar ended the second quarter with $8.8 billion of enterprise cash and $18.5 billion of available liquidity sources. 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. 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. | 4. Still, the $10 billion in sales represented a 31% decrease compared with $14.4 billion the company reported a year earlier. 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. Shares of Caterpillar (NYSE:CAT) moved higher by 2% in pre-market trading after the company reported Q2 results. Caterpillar posted adjusted per-share earnings of $1.03 on revenues of $10 billion, both better than expected. From hats, boots, models, phones – and so much more. Q2 2020 Caterpillar Inc Earnings Call 07/31/2020 08:30 AM (EDT) CAT. Second-quarter 2020 profit per share included remeasurement losses of $0.19 per share resulting from settlements of pension obli gations. See who is reporting this week. 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. To learn more, please visit our Legal Notices - Cookie page. “In the second quarter, our employees and dealers remained dedicated to providing the essential products and services the world needs under very challenging conditions.”. Read more about our teamwork and accomplishments. 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. Log in. 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 … Since 1925, Caterpillar Inc. has been helping our customers build a better world – making sustainable progress possible and driving positive change on every continent. Key highlights from Caterpillar Inc.’s Third-Quarter 2020 earnings results and top news from the quarter. Do the numbers hold … 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. Profit Per Share. Interestingly, Zacks Equity Research doesn’t predict that CAT stock will produce an earnings beat for Q2. Caterpillar posted adjusted per-share earnings of $1.03 on revenues of $10 billion, both better than expected. 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,” said Umpleby. We thank those in healthcare as well as the first responders helping fight the pandemic on the frontline. Q2 Estimates. Since 1925, Caterpillar Inc. has been helping our customers build a better world – making sustainable progress possible and driving positive change on every continent. 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. Caterpillar Inc. at Jefferies 2020 Industrial Conference: Summary Toggle Jul 31, 2020 8:30 AM EDT : Q2 2020 Caterpillar Inc. Earnings Conference Call Find earnings report and search by company, date and market cap. Friday, July 31, 2020 We will adjust production as conditions warrant and are prepared to respond quickly to any positive or negative changes in customer demand.”. Caterpillar Inc. Q3 2020 earnings call dated Oct. 27, 2020Corporate Participants: Jennifer Driscoll — Director of Investor Relations. 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. Jim Umpleby — Chairman and Chief Executive Officer. Caterpillar (CAT) came out with quarterly earnings of $1.03 per share, beating the Zacks Consensus Estimate of $0.66 per share. Since 1925, Caterpillar Inc. has been helping our customers build a better world – making sustainable progress possible and driving positive change on every continent. 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. Check out the Markets Insider earnings calendar. Caterpillar Stock Is An “Avoid” Prior to Q2 Earnings. Read recent corporate press releases and news announcements distributed by Caterpillar Inc. Our leaders are committed to supporting customers and driving profitable growth. Wall Street expects a year-over-year decline in earnings on lower revenues when Caterpillar (CAT) reports results for the quarter ended June 2020. Back to CAT Overview *The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. 1 . 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. excavators are displayed for sale at the Whayne Supply Co. dealership in Louisville, Kentucky, U.S., on Monday, Jan. 27, 2020. Got a confidential news tip? Caterpillar’s financial results for the remainder of 2020 will be impacted by continued global economic uncertainty due to the COVID-19 pandemic. 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. As such, Caterpillar withdrew its earnings guidance on March 26 and is not providing a financial outlook for 2020 at this time. This site uses cookies to create a better experience for you. Quarterly Results. Available liquidity sources Call 01/31/2020 08:30 AM ( EDT ) CAT 2020 financial results for quarter... A real-time snapshot * Data is a real-time snapshot * Data is a real-time snapshot * Data is real-time... 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