Caterpillar (CAT) Tops Q4 EPS by 26c, FY20 EPS Guidance Misses Consensus
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Cat Financial Announces 2019 Year-End Results
January 31, 2020 6:31 AM ESTNASHVILLE, Tenn., Jan. 31, 2020 /PRNewswire/ --
Full-Year 2019 vs. Full-Year 2018Cat Financial reported revenues of $2.97 billion for 2019, an increase of $119 million, or 4%, compared with 2018. Profit was $410 million for 2019, a $105 million, or 34%, increase from 2018.
The increase in revenues was primarily due to a $108 million favorable impact from higher average financing rates and a $21 million favorable impact from higher average earning assets, partially offset by a $35 million unfavorable impact due to the termination of a committed credit facility with Caterpillar.
Profit before income taxes was $628 million for 2019, a $195 million, or 45%, increase from 2018. Most of the... More
