• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Company Market
    Company News
    Company Stocks
    • Company Market
    • Company News
    • Company Stocks

    Caterpillar Q2 Profit Up 67% for Quarterly Record

    Investing News Network
    Jul. 25, 2012 09:59AM PST
    Company News

    Caterpillar Inc. (NYSE:CAT) announced Q2 profits of $2.54 per share, setting an all-time quarterly record for the US-based mining and construction equipment manufacturer.

    Caterpillar Inc. (NYSE:CAT) announced Q2 profits of $2.54 per share, setting an all-time quarterly record for the US-based mining and construction equipment manufacturer. The earnings were a 67% increase from second-quarter 2011 profits of $1.52 per share. Cat also set a sales and revenue record of $17.3 billion, a 22% increase from the same period last year.

    As quoted in the press release:

    “I am very pleased with Caterpillar’s record-breaking performance in the second quarter. Our employees, dealers and suppliers across the globe are doing a superb job of executing our strategy. They have helped deliver the highest level of financial performance for any quarter in our history for our stockholders and outstanding value for our customers,” said Caterpillar Chairman and Chief Executive Officer Doug Oberhelman.

    However, as a result of weaker global economic conditions, Caterpillar narrowed the outlook range for sales and revenues and raised the profit outlook:

    The sales and revenues outlook range for 2012 is now $68 to $70 billion with profit of about $9.60 per share at the middle of  the sales and revenues outlook range. The previous outlook for sales and revenues was a range of $68 to $72 billion with profit of about $9.50 per share at the middle of the sales and revenues outlook range.

    Click here to read the full press release

    nyse:cat
    The Conversation (0)

    Go Deeper

    AI Powered
    Generation Mining Announces Feasibility Study Report Update for the Marathon Copper-Palladium Project

    Generation Mining Announces Feasibility Study Report Update for the Marathon Copper-Palladium Project

    Bristol Myers Squibb Reports First Quarter Financial Results for 2023

    Bristol Myers Squibb Reports First Quarter Financial Results for 2023

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×