June 06, 2020
Caterpillar (cat.us) announced its financial results for the fourth quarter and full year of 2019 on January 31, 2020, according to the zhitong finance APP. The company reported a loss of $280m on revenue of $13.14bn in the fourth quarter, down 8.1 per cent from a year earlier.
The company earned $1.97 per share in the fourth quarter of 2019, compared with $1.78 per share in the fourth quarter of 2018; Adjusted earnings per share of $2.63, compared with $2.55 per share for the same period in 2018; The operating margin was 14.1 per cent, compared with 13.1 per cent in the fourth quarter of 2018. In addition, the company returned $1.3 billion to shareholders in the fourth quarter through dividends and share buybacks.
full-year 2019 sales and revenue were $53.8 billion, down 2% from a year earlier.
Full-year earnings of $10.74 per share in 2019 versus $10.26 per share in 2018; Adjusted earnings per share of $11.06, compared with $11.22 per share in 2018; Operating margin for the full year was 15.4 per cent, compared with 15.2 per cent in 2018. In addition, the company's operating cash flow was strong throughout 2019, ending the year with $8.3 billion in corporate cash. The company returned about $6.2bn to shareholders through dividends and share buybacks throughout 2019.
The company expects a 2020 earnings per share range of $8.50 to $10.00.
CEO Jim Umpleby said the company expects continued uncertainty in the global economy to put pressure on customers to sell in 2020 and lead dealers to further reduce inventory. The company has adjusted delivery times and is ready to respond quickly to any positive or negative changes in customer needs.
(photo from caterpillar)
Recently,Good news from Ningtiaota Coal Mine of Shaanxi Coal Group,China Railway Equipment GroupEJM315/4-2FIntelligent Rapid Tunneling Equipment CreatedLow power and short type(Cutting motor power 315kw)Digging and anchoring integrated machine sem
“Hot”The fourth quarter of the war Increase production capacity Expanding the market, promoting R & D and improving efficiency, Zhonglian Agricultural Machinery is firmly moving forward, showing a new trend of vigorous and
November 21, 2024,As an important partner,Party Secretary of Shaanxi Construction Machinery Co., Ltd.、Chairman Yang Hongjun was invited to attend the celebration of the 12th anniversary of the founding and development of Anhui Liju Group and
November 19-21, local time,Chinese President Xi Jinping pays state visit to Brazil。 Follow the steps of President Xi Jinping,Today,We walked into Trinity Brazil together.。 Back in 2007,Sany Heavy Industry Co., Ltd. was registered in Sao Pa
Copyright Notice 2002-2024 global-ce.com Construction Machinery Online. All rights reserved.
Address: Room 901, Building C, Ruipu Mansion, Hongjunying South Road No.15, Chaoyang District, Beijing.100107 P.R.China