News & Info

News & Info

January 25, 2018

Cat Financial Announces 2017 Year-End Results

Cat Financial reported revenues of $2.69 billion for 2017, an increase of $94 million, or 4 percent, compared with 2016. Profit was $586 million, a $202 million, or 53 percent, increase from 2016.

The increase in revenues was primarily due to a $61 million favorable impact from higher average financing rates and a $48 million favorable impact from lending activity with Caterpillar, partially offset by a $29 million unfavorable impact from lower average earning assets.

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October 24, 2017

Cat Financial Announces Third-Quarter 2017 Results

Cat Financial reported third-quarter 2017 revenues of $673 million, an increase of $22 million, or 3 percent, compared with the third quarter of 2016. Third-quarter 2017 profit was $86 million, an $11 million, or 11 percent, decrease from the third quarter of 2016.

The increase in revenues was primarily due to a $15 million favorable impact from higher average financing rates and a $14 million favorable impact from lending activity with Caterpillar, partially offset by a $6 million unfavorable impact from lower average earning assets.

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July 25, 2017

Cat Financial Announces Second-Quarter 2017 Results

Cat Financial reported second-quarter 2017 revenues of $676 million, an increase of $17 million, or 3 percent, compared with the second quarter of 2016. Second-quarter 2017 profit was $114 million, a $12 million, or 12 percent, increase from the second quarter of 2016.

The increase in revenues was due to a $14 million favorable impact from lending activity with Caterpillar, a $13 million favorable impact from higher average financing rates and an $8 million favorable impact from returned or repossessed equipment.These favorable impacts were partially offset by an $18 million unfavorable impact from lower average earning assets.

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April 25, 2017

Cat Financial Announces First-Quarter 2017 Results

Cat Financial reported first-quarter 2017 revenues of $662 million, an increase of $19 million, or 3 percent, compared with the first quarter of 2016. First-quarter 2017 profit was $115 million, a $15 million, or 15 percent, increase from the first quarter of 2016.

The increase in revenues was due to a $24 million favorable impact from higher average financing rates and a $12 million favorable impact from miscellaneous revenue items, partially offset by a $17 million unfavorable impact from lower average earning assets.

Profit before income taxes was $167 million for the first quarter of 2017, compared with $145 million for the first quarter of 2016. The increase was primarily due to a $13 million decrease in provision for credit losses and a $9 million favorable impact from miscellaneous revenue items.

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January 26, 2017

Cat Financial Announces 2016 Year-End Results

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

The decrease in revenues was primarily due to a $66 million unfavorable impact from lower average earning assets and a $43 million unfavorable impact from returned or repossessed equipment, partially offset by a $33 million favorable impact from higher average financing rates.

Profit before income taxes was $561 million for 2016, compared with $619 million for 2015. The decrease was primarily due to a $43 million unfavorable impact from returned or repossessed equipment and a $30 million unfavorable impact from lower average earning assets, partially offset by a $24 million decrease in general, operating and administrative expenses.

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