Caterpillar Inc – ‘8-K’ for 3/12/99

As of:  Friday, 3/12/99   ·   For:  3/12/99   ·   Accession #:  18230-99-14   ·   File #:  1-00768

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Outlook for First Quarter 1999                         2±    10K 

Document Table of Contents

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):  March 12, 1999               

CATERPILLAR INC.                                                                
(Exact name of registrant as specified in its charter)                          

Delaware                                                                        
(State or other jurisdiction of incorporation)                                  

1-768                                                                           
(Commission File Number)                                                        

37-0602744                                                                      
(IRS Employer I.D. No.)                                                         

100 NE Adams Street, Peoria, Illinois                                           
(Address of principal executive offices)                                        

61629                                                                           
(Zip Code)                                                                      

Registrant's telephone number, including area code:  (309) 675-1000             

Item 5.  Other Events                                                           

CATERPILLAR COMFORTABLE WITH ANALYSTS' CONSENSUS                                
FOR 1999, BUT EXPECTS WEAK FIRST QUARTER                                        

Caterpillar Inc. announced today that it expects                      
first-quarter sales and revenues to be considerably below                       
fourth-quarter 1998 with profit per share about 50 percent less                 
than both the  first-quarter consensus estimate of $0.84 and                    
fourth-quarter's profit per share of $0.83.                                     
The most significant factor affecting first-quarter results           
compared with the fourth quarter 1998 will be lower machine sales               
volume, as well as engine sales volume which is normally higher                 
in the fourth quarter.  The lower sales volume is due to                        
depressed demand from agriculture, mining, and oil and gas                      
customers and to economic conditions in Latin America, especially               
Brazil.  While demand in the U.S. is strong, the competitive                    
pricing environment continues.                                                  
As a result of these factors, the company is implementing             
actions to reduce costs.  These include selected production                     
schedule cuts, employment reductions and/or temporary plant                     
shutdowns at facilities in the United States, Latin America and                 
Europe.  Other actions include reducing inventory, SG&A and R&D.                
The company expects to benefit from the actions being taken           
and from a stronger second half 1999 compared to the first half.                
The company's current outlook for 1999 is for sales and revenues                
to be slightly below 1998's record level.  Profit per share is                  
expected to be 10 percent to 15 percent lower than 1998 primarily               
because of the sales volume decrease, an adverse product mix and                
the continuing competitive pricing environment.                                 

*   *    *                  
The information above is forward looking and involves risks           
and uncertainties that could significantly affect expected                      
results.  A discussion of these risks and uncertainties is                      
contained in Form 8-K filed with the Securities & Exchange                      
Commission on January 20, 1999.                                                 

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 thereunto duly authorized.                            

CATERPILLAR INC.                                                                

By:  /s/ R. Rennie Atterbury III                                                
R. Rennie Atterbury III                                       
Vice President                                        

Date:  March 12, 1999                                                           

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing		Date		Other Filings
Filed on / For Period End:		3/12/99
		1/20/99		8-K
				List all Filings