DEERFIELD, Ill., May 2, 2018 /PRNewswire/ -- Caterpillar Inc.
(NYSE: CAT) is illustrating how it's helping customers build a
better world in the company's recently published 2017 Annual Report
and Sustainability Report.
To read the reports, visit http://reports.caterpillar.com/.
"For more than 90 years, our customers have been using
Caterpillar equipment to help improve living standards around the
world," said Caterpillar CEO Jim
Umpleby. "The reports showcase our industry-leading products
and services that support infrastructure and energy development,
economic growth and communities, and protect the planet. We're
delivering these solutions to our customers while also implementing
our strategy to achieve long-term profitable growth."
The Annual Report showcases how the company is executing its
strategy to create value for shareholders and customers. Highlights
include:
- Strong business performance, including profit
improvement and prioritizing the dividend – more than doubling the
cash dividend since 2007.
- Strengthening of the company's balance sheet due in part
to the decisive actions taken to reduce our cost structure and
generate solid cash flow.
- Implementation of a new enterprise strategy focused on
delivering profitable growth using the Operating & Execution
(O&E) Model as the guide and the company's values as the
foundation.
- Focus on operational excellence, expanded offerings and
services with customers at the center of the company's
purpose.
The Sustainability Report highlights how the company is
providing value to customers by making sustainable progress
possible through its operations, products, services and solutions
that make safe, productive and efficient use of resources.
Achievements featured include, among others:
- Active participation in the circular economy through
remanufacturing and rebuilding opportunities from components and
engines to turbines and rail.
- Providing innovative support to customers, including
assistance from the Job Site Solutions team and Cat® dealers
to improve their operations and competitiveness, while often
delivering additional sustainability benefits.
- Fostering a diverse, inclusive and safe environment
where all employees can be successful and encouraged to share
ideas, enabling them to achieve superior business and personal
results.
- Continued commitment to communities through the
Caterpillar Foundation's support of its partners' work to alleviate
poverty.
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About Caterpillar
For more than 90 years, Caterpillar Inc. has been making
sustainable progress possible and driving positive change on every
continent. Customers turn to Caterpillar to help them develop
infrastructure, energy and natural resource assets. With 2017 sales
and revenues of $45.462 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. The company principally
operates through its three primary segments - Construction
Industries, Resource Industries and Energy & Transportation -
and also provides financing and related services through its
Financial Products segment. For more information, visit
caterpillar.com. To connect with us on social media, visit
caterpillar.com/social-media.
Forward-looking Statements
Certain statements in this press release relate to future events
and expectations and are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Words such as "believe," "estimate," "will be," "will," "would,"
"expect," "anticipate," "plan," "project," "intend," "could,"
"should" or other similar words or expressions often identify
forward-looking statements. All statements other than statements of
historical fact are forward-looking statements, including, without
limitation, statements regarding our outlook, projections,
forecasts or trend descriptions. These statements do not guarantee
future performance and speak only as of the date they are made, and
we do not undertake to update our forward-looking
statements.
Caterpillar's actual results may differ materially from those
described or implied in our forward-looking statements based on a
number of factors, including, but not limited to: (i) global and
regional economic conditions and economic conditions in the
industries we serve; (ii) commodity price changes, material price
increases, fluctuations in demand for our products or significant
shortages of material; (iii) government monetary or fiscal
policies; (iv) political and economic risks, commercial instability
and events beyond our control in the countries in which we operate;
(v) our ability to develop, produce and market quality products
that meet our customers' needs; (vi) the impact of the highly
competitive environment in which we operate on our sales and
pricing; (vii) information technology security threats and computer
crime; (viii) additional restructuring costs or a failure to
realize anticipated savings or benefits from past or future cost
reduction actions; (ix) failure to realize all of the anticipated
benefits from initiatives to increase our productivity, efficiency
and cash flow and to reduce costs; (x) inventory management
decisions and sourcing practices of our dealers and our OEM
customers; (xi) a failure to realize, or a delay in realizing, all
of the anticipated benefits of our acquisitions, joint ventures or
divestitures; (xii) union disputes or other employee relations
issues; (xiii) adverse effects of unexpected events including
natural disasters; (xiv) disruptions or volatility in global
financial markets limiting our sources of liquidity or the
liquidity of our customers, dealers and suppliers; (xv) failure to
maintain our credit ratings and potential resulting increases to
our cost of borrowing and adverse effects on our cost of funds,
liquidity, competitive position and access to capital markets;
(xvi) our Financial Products segment's risks associated with the
financial services industry; (xvii) changes in interest rates or
market liquidity conditions; (xviii) an increase in delinquencies,
repossessions or net losses of Cat Financial's customers; (xix)
currency fluctuations; (xx) our or Cat Financial's compliance with
financial and other restrictive covenants in debt agreements; (xxi)
increased pension plan funding obligations; (xxii) alleged or
actual violations of trade or anti-corruption laws and regulations;
(xxiii) international trade policies and their impact on demand for
our products and our competitive position; (xxiv) additional tax
expense or exposure including the impact of U.S. tax reform; (xxv)
significant legal proceedings, claims, lawsuits or government
investigations; (xxvi) new regulations or changes in financial
services regulations; (xxvii) compliance with environmental laws
and regulations; and (xxviii) other factors described in more
detail in Caterpillar's Forms 10-Q, 10-K and other filings with the
Securities and Exchange Commission.
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SOURCE Caterpillar Inc.