Cat Financial Related Content

Cat Financial Reports Q2 Decreases in Financial Metrics Partially Due to COVID-19

Cat Financial reported Q2/20 revenues of $641 million, a decrease of $116 million, or 15%, compared with Q2/19. Q2/20 profit was $59 million, a $20 million, or 25%, decrease from Q2/19. read more

Cat Financial Launches Operations in India

Cat Financial, a wholly owned subsidiary of Caterpillar, launched its India operations with the opening of its Bangalore headquarters. It will operate under the name Cat Financial India. read more

Cat Financial Reports $736MM in Revenue for Q1/2019

Cat Financial reported first-quarter 2019 revenues of $736 million, an increase of $46 million, or 7%, compared with Q1/ 2018. First-quarter 2019 profit was $98 million, a $7 million, or 8%, increase from Q1/2018. read more

Cat Financial Opens Office in Johannesburg, South Africa

Cat Financial established its newest legal entity to support customers in South Africa by opening a finance office in Johannesburg. read more

Cat Financial Q2 Earnings Hurt by Provision Charges; NBV Up 32%

Cat Financial reported Q2/18 revenues were up 7% compared to Q2/17. Pretax profit of $100 million was down from $164 million a year earlier due to an $86 million increase in provision charges. New business volume of $3.56 billion was up 32% compared to Q2/17. read more

Cat Financial to Sell Commercial Accounts to Citibank

Cat Financial will bring its customers the Cat Card Program offered by Citibank. The company said on August 27 all existing Cat Financial commercial accounts will be purchased by Citibank. read more

Cat Financial Floats $2 Billion of Medium Term Notes

According to recent SEC filings, Cat Financial has issued a series of fixed and floating rate medium term notes totaling $2 billion. read more

Cat Financial Q3 NBV up $83MM Year/Year

Cat Financial reported retail new business volume was $2.78 billion, an increase of $83 million, or 3%, from Q3/16. read more

Cat Financial Provides $9MM to Northern Vertex Mining

Northern Vertex Mining executed a master lease agreement with Cat Financial for up to $9 million to fund the purchase of equipment for use at its Moss Mine Gold silver project in Northwest Arizona. read more

Cat Financial Earnings Higher, Volume Off 12%

Cat Financial reported Q2/17 profit was up 12% compared to the same quarter in 2016. Retail new business volume was $2.69 billion, down 12% or $367 million compared to the same year-ago quarter. read more

Northern Vertex Secures $9MM in Equipment Financing from Cat Financial

Northern Vertex Mining executed a commitment letter and term sheet with Cat Financial, pursuant to which Cat Financial has agreed in principle to fund the company's purchase of certain key equipment. read more

Cat Financial Reports 2% Increase in Q1/17 New Business Volume

Cat Financial reported that during Q1/17 retail new business volume was $2.34 billion, an increase of $47 million, or 2%, from Q1/16. read more

Hawthorne Cat Extends Accelerated Equity Offer

Hawthorne Cat, the authorized Cat equipment dealer in San Diego, the Hawaiian Islands and the Pacific Region, extended its accelerated equity program through December 31, 2017. read more

Cat Financial Reports 4% Decrease in New Business Volume in 2016

Cat Financial reported revenues of $2.60 billion for 2016, a decrease of $78 million, or 3%, compared with 2015. Profit was $384 million, a $76 million, or 17 percent%, decrease from 2015. read more

Walton Replaces Adams as Cat Financial President and CEO

Kent Adams, CEO of Cat Financial, elected to retire after 38 years with the company. Dave Walton was named president and CEO of Cat Financial and VP of the Financial Services division. read more

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