Many U.S. manufacturers have sought similar short-term credit lines to secure their balance sheets amid the pandemic. Q2 Estimates. ET ... standing by, and welcome to the Q1 2020 Caterpillar Inc. Earnings Conference Call. Get this delivered to your inbox, and more info about our products and services. There is challenging work being done around the world. By clicking 'I Accept', you are agreeing to our use of functional, performance and targeting cookies. Caterpillar (CAT) came out with quarterly earnings of $1.03 per share, beating the Zacks Consensus Estimate of $0.66 per share. David Raso — Evercore ISI Institutional Equities — Analyst 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. Key highlights from Caterpillar Inc.’s Third-Quarter 2020 earnings results and top news from the quarter. 1 (70%) Operating Profit Margin. Sign up for free newsletters and get more CNBC delivered to your inbox. Act 1.6 Est 1.68 Q1 2020 Caterpillar Inc Earnings Call 04/28/2020 08:30 AM (EDT) CAT. Shop Cat® clothing and apparel. Earnings … 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. For more information, visit caterpillar.com. Q2 Results & Surprise History. Caterpillar Stock Is An “Avoid” Prior to Q2 Earnings. We therefore believe that the stock of Caterpillar is slightly overvalued. Caterpillar Inc. (NYSE:CAT) Q2 2020 Earnings Summary. 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. 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. 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. 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. So what is Caterpillar's stock worth based on the release of their 1st quarter 2020 earnings report? Analysts were expecting revenue of just $9.38 billion for the quarter, according to the consensus from Refinitiv. “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 ended the second quarter with $8.8 billion of enterprise cash and $18.5 billion of available liquidity sources. [Operator instructions] I would now like to hand the conference over to your speaker today. In July, Cat Financial issued $1.5 billion of new three-year and 18-month medium-term notes to supplement its liquidity position. See who is reporting this week. And welcome to the Q2 2020 Caterpillar Inc. earnings conference call. Still, the $10 billion in sales represented a 31% decrease compared with $14.4 billion the company reported a year earlier. 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 media contact: Kate Kenny, +1 309-361-9333 or Kenny_Kate@cat.com. Read more about our teamwork and accomplishments. 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 Q1 2020 Earnings Call Apr 28, 2020, 8 :30 a.m. Caterpillar Inc. (NYSE:CAT) Q2 2020 Earnings Summary. 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. Andrew R.J. Bonfield — Chief Financial Officer. 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. 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. “In the second quarter, our employees and dealers remained dedicated to providing the essential products and services the world needs under very challenging conditions.”. $10.0B (31%) $0.84. CATERPILLAR INC. company earnings calendar and analyst expectations - Upcoming and past events | Nyse: CAT | Nyse. For the first half of 2020, enterprise operating cash flow was $2.5 billion. Jim Umpleby, Chairman & CEO “…The second quarter brought unprecedented challenges for our customers, dealers, employees and suppliers. "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. Second-quarter 2020 profit per share included remeasurement losses of $0.19 per share resulting from settlements of pension obli gations. Caterpillar’s financial results for the remainder of 2020 will be impacted by continued global economic uncertainty due to the COVID-19 pandemic. 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”). Together, we’ve built a rich history over the past 95 years. | 4. Cupertino, California — April 30, 2020 — Apple today announced financial results for its fiscal 2020 second quarter ended March 28, 2020. Q2 2020 Caterpillar Inc Earnings Call 07/31/2020 08:30 AM (EDT) CAT. Cat Financial reported second-quarter 2020 revenues. 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. Analysts: Jamie Cook — Credit Suisse — Analyst. Caterpillar (CAT) delivered earnings and revenue surprises of 56.06% and 8.71%, respectively, for the quarter ended June 2020. Caterpillar posted adjusted per-share earnings of $1.03 on revenues of $10 billion, both better than expected. Log in. The decline was due to lower sales volume driven by lower end-user demand and the impact from changes in dealer inventories. 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. Q2 Estimates. 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