Summary
Caterpillar Inc. (CAT) filed an 8-K on March 17, 2016, to disclose financial guidance provided at the Bank of America Merrill Lynch Global Industrials Conference. The company expects first-quarter 2016 sales and revenues to be in the range of $9.3 to $9.4 billion. Profit estimates for the first quarter were set between $0.50 to $0.55 per share, with an adjusted figure of $0.65 to $0.70 per share, excluding restructuring costs.
Key Highlights
- 1Caterpillar provided Q1 2016 sales and revenue guidance of $9.3 to $9.4 billion.
- 2Q1 2016 profit per share is estimated to be between $0.50 and $0.55.
- 3Excluding restructuring costs, Q1 2016 profit per share is expected to be $0.65 to $0.70.
- 4The company reiterated its comfort with the previously issued full-year 2016 guidance for sales, revenues, and profit per share.
- 5This guidance was originally provided in a Form 8-K filed on January 28, 2016.
- 6The disclosure was made during the Bank of America Merrill Lynch Global Industrials Conference on March 17, 2016.