CATERPILLAR INC. 
Caterpillar Inc.
Caterpillar Inc.: Files Form 8-K 1Q 2021 Earnings Release & Retail Statistics
13-Mai-2021 / 01:21 CET/CEST
Information réglementaire transmise par EQS Group.
Le contenu de ce communiqué est de la responsabilité de l'émetteur.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 29, 2021
CATERPILLAR INC.
(Exact name of registrant as specified in its charter)
Delaware 1-768 37-0602744
(State or other jurisdiction of (Commission File (I.R.S Employer Identification No.)
incorporation) Number)
510 Lake Cook Road, Suite 100, Deerfield, Illinois 60015
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (224) 551-4000
Former name or former address, if changed since last report: N/A
? Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
? Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
? Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
? Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities
registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol (s)Name of each exchange which registered
Common Stock (USD1.00 par value) CAT The New York Stock Exchange
8% Debentures due February 15, 2023 CAT23 The New York Stock Exchange
5.3% Debentures due September 15, 2035 CAT35 The New York Stock Exchange
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:
Indicate by check mark whether the registrant is an emerging growth company as defined by Rule 405 of the Securities
Act of
1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this
chapter).
Emerging growth company ?
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition
period
for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
? Act.
Item 2.02. Results of Operations and Financial Condition.
On April 29, 2021, Caterpillar Inc. issued a press release reporting its financial results for the quarter ended March
30, 2021. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated into this Item 2.02 by
reference.
Item 7.01. Regulation FD Disclosure.
Caterpillar Inc. is furnishing supplemental information concerning (i) retail sales of machines to end users and (ii)
retail sales of power systems (including reciprocating and turbine engines and locomotives) to end users and Original
Equipment Manufacturers ("OEMs"). This supplemental information is attached hereto as Exhibit 99.2 and incorporated
into this Item 7.01 by reference.
The information in this Current Report on Form 8-K, including Exhibit 99.1, is being furnished in accordance with the
provisions of General Instruction B.2 of Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits:
The following is furnished as an exhibit to this report:
99.1 Caterpillar Inc. press release dated April 29, 2021
99.2 Retail Statistics
104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
CATERPILLAR INC.
April 29, 2021 By: /s/ Suzette M. Long
Suzette M. Long
Chief Legal Officer and General Counsel
Exhibit 99.1
Caterpillar Inc.
1Q 2021 Earnings Release
April 29, 2021
FOR IMMEDIATE RELEASE
Caterpillar Reports First-Quarter 2021 Results
First
Quarter
(USD in billions except profit per
share)
2021
2020
Sales and Revenues USD11.9 USD10.6 ? Sales and revenues increased 12%
? First-quarter 2021 profit per share of USD2.77; adjusted profit per
Profit Per Share USD2.77 USD1.98 share of USD2.87
? Strong balance sheet with USD11.3 billion of enterprise cash on hand
Adjusted Profit Per Share USD2.87 USD1.65 DEERFIELD, Ill. - Caterpillar Inc. (NYSE: CAT) today announced first-quarter 2021 sales and revenues of USD11.9 billion, a 12% increase compared with USD10.6 billion in the first quarter of 2020. The increase was due to higher sales volume driven by higher end-user demand and the impact from changes in dealer inventories. Dealers increased their inventories more during the first quarter of 2021 than during the first quarter of 2020.
Operating profit margin was 15.3% for the first quarter of 2021, compared with 13.2% for the first quarter of 2020. First-quarter 2021 profit per share was USD2.77, compared with USD1.98 profit per share in the first quarter of 2020. Adjusted profit per share in the first quarter of 2021 was USD2.87, compared with first-quarter 2020 adjusted profit per share of USD1.65. Adjusted profit per share for both quarters excluded restructuring costs, while the first quarter of 2020 also excluded a remeasurement gain of USD0.38 per share resulting from the settlement of a non-U.S. pension obligation. Please see a reconciliation of GAAP to non-GAAP financial measures in the appendix on page 12.
For the three months ended March 31, 2021, enterprise operating cash flow was USD1.9 billion. Caterpillar ended the first quarter with USD11.3 billion of enterprise cash.
"I'm proud of our global team's strong performance as they continue to serve our customers," said Caterpillar Chairman and CEO Jim Umpleby. "We're encouraged by improving conditions in our end markets and are proactively managing supply chain risks. Our dedicated team continues to execute our strategy for long-term profitable growth."
(more)
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CONSOLIDATED RESULTS
Consolidated Sales and Revenues
The chart above graphically illustrates reasons for the change in consolidated sales and revenues between the first quarter of 2020 (at left) and the first quarter of 2021 (at right). Caterpillar management utilizes these charts internally to visually communicate with the company's Board of Directors and employees.
Total sales and revenues for the first quarter of 2021 were USD11.887 billion, an increase of USD1.252 billion, or 12%, compared with USD10.635 billion in the first quarter of 2020. The increase was primarily due to higher sales volume and favorable currency impacts related to the euro and the Australian dollar. The increase in sales volume was driven by higher end-user demand and the impact from changes in dealer inventories. Dealers increased inventories by USD700 million during the first quarter of 2021 compared to USD100 million during the first quarter of 2020.
Sales were higher across the three primary segments. Sales increased in Asia/Pacific, Latin America and EAME while sales in North America were about flat.
Sales and Revenues by Segment
First Inter- First
(Millions of dollars) Quarter Sales Price Realization Currency Segment / Quarter USD % Change
Volume Other Change
2020 2021
Construction Industries USD 4,306 USD 1,006 USD (23) USD 146 USD 24 USD 5,459 USD 1,153 27%
Resource Industries 2,084 132 (47) 33 14 2,216 132 6%
Energy & Transportation 4,349 (41) 7 74 118 4,507 158 4%
All Other Segment 109 9 - 1 11 130 21 19%
Corporate Items and Eliminations (934) (19) (1) - (167) (1,121) (187)
Machinery, Energy & Transportation 9,914 1,087 (64) 254 - 11,191 1,277 13%
Financial Products Segment 814 - - - (53) 761 (53) (7%)
Corporate Items and Eliminations (93) - - - 28 (65) 28
Financial Products Revenues 721 - - - (25) 696 (25) (3%)
Consolidated Sales and Revenues USD 10,635 USD 1,087 USD (64) USD 254 USD (25) USD 11,887 USD 1,252 12% (more)
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Sales and Revenues by Geographic Region
External Sales Total Sales
North America Latin America EAME Asia/Pacific and Revenues Inter-Segment and Revenues
(Millions of dollars) USD % Chg USD % Chg USD % Chg USD % Chg USD % Chg USD % Chg USD % Chg
First Quarter 2021
Construction Industries USD 2,126 2% USD 392 48% USD 1,081 22% USD 1,842 72% USD 5,441 26% USD 18 400% USD 5,459 27%
Resource Industries 657 (6%) 405 27% 474 20% 561 (1%) 2,097 6% 119 13% 2,216 6%
Energy & Transportation 1,782 3% 256 3% 1,093 4% 527 (9%) 3,658 1% 849 16% 4,507 4%
All Other Segment 13 160% - (100%) 3 (73%) 22 120% 38 36% 92 14% 130 19%
Corporate Items and Eliminations (39) - - (4) (43) (1,078) (1,121)
Machinery, Energy & Transportation 4,539 1% 1,053 26% 2,651 13% 2,948 32% 11,191 13% - -% 11,191 13%
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