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Caterpillar hits new Q3 record with $1.1B profit, $15.7B in sales

Continued improvement in demand, a company-wide focus on effectively managing the ramp-up through the Caterpillar Production System, and focused cost management drove third-quarter sales and revenues and profit for Caterpillar Inc. The company today reported third-quarter 2011 profit per share of $1.71, up 40 percent from $1.22 per share in the third quarter of 2010. Profit was $1.141 billion, an increase of 44 percent from $792 million in the third quarter of 2010. Sales and revenues of $15.716 billion, an all-time record for the company, were up 41 percent from $11.134 billion in the third quarter of 2010.

Caterpillar acquires Pyroban

Caterpillar Inc. acquired 100% interest in the Pyroban Group Ltd. on August 31, 2011. Pyroban Group is a leading provider of hazardous area safety solutions to the oil and gas, industrial material handling, mining and marine markets. Headquartered in Shoreham,UK, Pyroban Group has additional locations in Europe, Singapore and China.

Cat completes Bucyrus acquisition

Driven by a key strategic imperative to expand its leadership and support for customers in the mining industry, Caterpillar Inc. (NYSE: CAT) today announced it has completed its acquisition of Bucyrus International, Inc. Caterpillar funded the acquisition, valued at approximately $8.8 billion (including net debt), using cash from its balance sheet and debt. The company did not issue equity to help fund the transaction.
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New features for Cat® D9T ease operator’s job, boost production

As the worldwide leader in its size class, the Cat® D9T Track-Type Tractor has earned a reputation for excellent productivity, optimal operator comfort and robust reliability. New features for the D9T include enhanced operator safety, comfort and convenience, refined performance and increased productivity.