Caterpillar (CAT) Guides Q1 EPS, Revenue Below Views

Caterpillar (NYSE: CAT) disclosed the following on Thursday morning:

As previously noticed by the Company, on March 17, 2016 at 4:50 a.m. EDT, representatives of Caterpillar Inc. (“Caterpillar” or the "Company") spoke at the Bank of America Merrill Lynch Global Industrials Conference (the “Conference”) in London, England which was webcast in real-time. During the Conference, representatives from Caterpillar provided the following guidance with respect to the first quarter 2016:

• Caterpillar expects first quarter 2016 sales and revenues to be in a range of $9.3 to $9.4 billion.
• The profit estimate for first quarter 2016 is expected to be $0.50 to $0.55 per share. Excluding restructuring costs, the profit estimate for first quarter 2016 is expected to be $0.65-$0.70 per share.

*** The Street sees Q1 EPS of $0.97 and revenue of $10.4 billion.

Representatives of the Company also stated that they remained comfortable with the full year guidance for 2016 sales and revenues and profit per share as most recently stated in a Form 8-K Caterpillar filed with the Securities and Exchange Commission on January 28, 2016.

A copy of the presentation, including a reconciliation of Non-GAAP financial information is available at http://www.caterpillar.com/en/investors/events-and-presentations.html.
The information furnished in this Item 7.01 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such filing.

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