Farm & Construction Machinery
(CAT) Caterpillar Exceeds Forecasts on Record Sales
Caterpillar Inc. (CAT) posted an impressive 53% increase in profit to $2.25 per share in the fourth quarter of 2011 from $1.47 per share in the same quarter of 2010, excluding the impact of acquisition of Bucyrus International, Inc. The profit far exceeded the Zacks Consensus...
30Jan2012 | vitalstocks | 0 comments | Continued(CAT) Good News Starts with Caterpillar
The deluge of this morning’s favorable economic and earnings reports should help stocks sustain Wednesday’s Fed-inspired gains. We got positive weekly Initial Jobless Claims numbers and a better-than-expected Durable Goods Orders reading. On the earnings front, Caterpillar’s...
30Jan2012 | vitalstocks | 0 comments | Continued(CAT) Caterpillar Incorporated – Bull of the Day
Caterpillar, Inc. (CAT) posted an impressive third quarter with record EPS of $1.93 and sales of $14.6 billion driven by increased machine demand and continued economic growth. Results were ahead of Zacks Consensus Estimates. With the Bucyrus acquisition, the company is positioned...
24Jan2012 | vitalstocks | 0 comments | Continued(AGCO) AGCO Corporation – Bull of the Day
Driven by strong global demand for agricultural equipment, AGCO Corporation (AGCO) reported third quarter EPS of $0.87 versus $0.66 in the year-earlier quarter, surpassing the Zacks Consensus Estimate of $0.75. For fiscal 2011, AGCO expects EPS of $4.30. Global industry sales...
30Dec2011 | vitalstocks | 0 comments | Continued(CAT) Caterpillar Grows Indian Connection
Caterpillar Inc. (CAT) is planning to invest $212 million in India to meet the increasing demand for its products due to road construction and overall infrastructure boom in the country. The plan includes building a new $150 million engine manufacturing facility in India that...
14Dec2011 | vitalstocks | 0 comments | Continued(AGCO) AGCO Issues Debt to Fund GSI Holdings Buy
AGCO Corporation (AGCO) has priced an offering of $300 million of its 5.875% Senior Notes due 2021 to partly finance the acquisition of GSI Holdings Corp. The notes were priced at 100% of par value and the offering is expected to close on December 5, 2011, subject to customary...
30Nov2011 | vitalstocks | 0 comments | Continued(DE) Deere & Company Earnings Preview
Deere & Company (DE) is scheduled to announce its fourth quarter and fiscal 2011 results on November 23, 2011. The current Zacks Consensus Estimate is $1.44 for the fourth quarter and $6.44 for fiscal 2011, projecting year-over-year growth of 34.1% and 38.5%, respectively. With...
28Nov2011 | vitalstocks | 0 comments | Continued(CAT) Caterpillar’s Sales Growth Dips
Caterpillar Inc. (CAT) recently reported sales statistics for the three months ending October 31, with machine sales increasing 31% on a year-over-year basis and engine sales rising 13% across the globe. The 31% sales growth in October was steady with the sales clip in the three...
23Nov2011 | vitalstocks | 0 comments | Continued(CAT) Caterpillar Redeems Debt
Caterpillar Inc. (CAT) has redeemed notes issued earlier by Caterpillar Financial Services, for a total amount of $22.622 million. The company decided to redeem 100% of the remaining amount by exercising the call option. The notes that the company redeemed have coupon rate of...
20Sep2011 | vitalstocks | 0 comments | Continued(CAT) Stock Market News for August 8, 2011 – Market News
The Dow Jones Industrial Average see-sawed between positive and negative territory, while the markets finished mixed on Friday amid global economic concerns. Encouraging economic reports helped the markets prevent another heavy slide on the closing day of the week, but they were...
8Aug2011 | vitalstocks | 0 comments | Continued(CAT) Caterpillar to Expand in China
Caterpillar Inc. (CAT) recently announced its intention to open a new facility in Xuzhou, Jiangsu Province of China. The construction will commence in 2011, while the main facility construction is scheduled for mid-2012. The facility is being established to manufacture undercarriage...
5Aug2011 | vitalstocks | 0 comments | Continued(CAT) Caterpillar Signs Australian Memorandum of Understanding
Caterpillar Inc. (CAT) along with its dealer WesTrac recently signed a Memorandum of Understanding (MoU) with Perth, Australia based Fortescue Metals Group, to implement an autonomous mining solution, that enhances productivity and performance for Fortescue’s new Solomon...
6Jul2011 | vitalstocks | 0 comments | Continued(TEX) Terex Fulfills Minimum Tender Offer
Terex Corp. (TEX) recently announced that the company has successfully achieved the minimum tender condition for Demag Cranes. The company offered €45.50 per share to Demag shareholders, which has exceeded the minimum requirement of 51%. Terex Industrial Holding AG offered...
5Jul2011 | vitalstocks | 0 comments | Continued(CAT) Caterpillar Plant to Create 200 Jobs
Caterpillar Inc. (CAT) intends to develop a plant in Griffin, Georgia, that will create 200 jobs. The company is investing $120 million to upgrade machinery and equipment in the existing facility. Caterpillar Griffin facility assembles engines and generator sets for more than...
5Jul2011 | vitalstocks | 0 comments | Continued(LNN) Lindsay Corporation’s Third Quarter Earnings Beat Estimates
Lindsay Corporation (LNN) announced results for its fiscal third quarter ended May 31, 2011. The quarter delivered an EPS of $1.20, beating the Zacks Consensus Estimate of 96 cents and 50 cents in the year-earlier quarter. Total revenue in the quarter increased at a whopping...
1Jul2011 | vitalstocks | 0 comments | Continued(CAT) Caterpillar and Navistar International Venture NC2 Gets a New President
The board of directors of NC2 Global, LLC – a global 50:50 commercial truck joint venture between Caterpillar Inc. (CAT) and Navistar International Corp. (NAV) – has appointed Phil Christman as its new president, effective immediately. Phil Christman will replace Al Saltiel,...
29Jun2011 | vitalstocks | 0 comments | Continued(DE) Deere Fights to Preserve GPS For Agriculture Use
Deere & Company (DE), a member of the Coalition to Save Our GPS, released a report stating that a proposal under consideration by the U.S. Federal Communications Commission (FCC) will jeopardize the use of the Global Positioning System (GPS) in agriculture and construction...
26Jun2011 | vitalstocks | 0 comments | Continued(JOYG) Joy Global Buys Rowan’s LeTourneau
Mining equipment maker Joy Global Inc. (JOYG) said it has acquired LeTourneau Technologies Inc. from Rowan Companies Inc. (RDC) for $1.1 billion in cash. The company had agreed to buy Rowan’s LeTourneau assets in May 2011. LeTourneau remains engaged in the manufacturing of...
26Jun2011 | vitalstocks | 0 comments | Continued(CAT) Caterpillar Opens New Facility
Caterpillar Logistics Service Inc., a wholly owned subsidiary of Caterpillar Inc. (CAT), intends to open a new parts distribution center in Spokane, Washington. The company is now the industry’s leading global service parts distributor. The new facility in Spokane, which...
26Jun2011 | vitalstocks | 0 comments | Continued(MTW) Manitowoc Upgraded to Neutral
Manitowoc Co. Inc. (MTW) reported an adjusted loss per share of 10 cents in its first quarter ended March 31, 2011, flat year over year while revenues increased 7% year over year to notch $732.2 million. Given the recent recovery witnessed in the Crane segment alongside sustained...
24Jun2011 | vitalstocks | 0 comments | Continued(TEX) Terex Bid Adequate – Demag Cranes Agrees
Terex Corp. (TEX) is now in the process of acquiring Demag Cranes for $1.4 billion. After agreeing to Terex’s bid of 45.50 euros per share in cash, up from 41.75 euros, last week, Demag has agreed to be taken over by Terex. The offer values Demag at 963 million euros (approximately...
22Jun2011 | vitalstocks | 0 comments | Continued(CAT) Caterpillar Increasing Texan Plant
Caterpillar Inc. (CAT), in its drive to become the global leader in the excavator industry, will further expand its under construction, state-of-the-art, 850,000-square-foot manufacturing facility in Victoria, Texas by an additional 200,000 square feet at an added cost of $70...
22Jun2011 | vitalstocks | 0 comments | Continued(CAT) Caterpillar Sales Improve in May
Caterpillar Inc. (CAT) recently reported sales statistics for the month of May, indicating a strong month in which sales shot up 52% on a year-over-year basis, across the globe. However, after registering global sales growth of 66% in the month of April, the highest so far in...
21Jun2011 | vitalstocks | 0 comments | Continued(CAT) Caterpillar Plans Thailand Expansions
Caterpillar Inc. (CAT) plans to open a new manufacturing facility in Thailand to produce medium track-type tractors, which are used globally by Caterpillar customers for various construction applications. Construction will begin on the new factory in 2011 with production slated...
20Jun2011 | vitalstocks | 0 comments | Continued(TEX) Terex Ups Order – Demag Nods
Terex Corp’s (TEX) takeover story of Demag Cranes AG took a positive turn with Terex upping its offer from 41.75 euros to 45.50 euros per share and both the parties signing an agreement foreshadowing future plans. Demag’s board has agreed to recommend the company’s shareholders...
20Jun2011 | vitalstocks | 0 comments | Continued(CAT) Caterpillar Updates on Euro Bonds
Caterpillar Inc. (CAT) issued updates on the Euro bonds offered last week. These updates were related to the yield, spread and rating of the bonds. The borrower of the bonds is the financial wing of the company, Caterpillar International Finance Ltd, while the guarantor is Caterpillar...
16Jun2011 | vitalstocks | 0 comments | Continued(CAT) America’s Aging Infrastructure is Coming Apart At the Seams
by David Fessler, Investment U‘s Energy and Infrastructure Expert Tuesday, May 24, 2011: Issue #1519 Over the last two years, America’s motorists have developed a new driving skill: dodging potholes. As a cyclist, I’m particularly aware of how bad the roads are near...
12Jun2011 | InvestmentU | 0 comments | Continued(CAT) Caterpillar-Bucyrus International Deal Gets DOJ Nod
Caterpillar Inc’s (CAT) pending $8.6 billion buyout of Bucyrus International Inc. (BUCY) is now a step closer to being finalized as it has received a go-ahead by the U.S. Department of Justice. The clearance will allow the acquisition to be clinched by mid 2011 subject to other...
4Jun2011 | vitalstocks | 0 comments | Continued(CAT) Caterpillar Announces Debt Redemption Again
Beginning fiscal 2011, Caterpillar Inc. (CAT), has redeemed debt totaling $38.72 million, including twelve notes having different coupon rates. Soon after its outstanding first quarter results, the company yet again has come up with the redemption of $10.49 million of debt via...
4May2011 | vitalstocks | 0 comments | Continued(CAT) Caterpillar to Redeem Debt
Caterpillar Inc. (CAT) has redeemed notes issued earlier by Caterpillar Financial Services, for a total amount of $7.57 million. The company decided to redeem 100% of the remaining amount. The three notes that the company redeemed have coupon rates of 5.5%, 5.6% and 5.25%, with...
3May2011 | vitalstocks | 0 comments | Continued