May 17, 2022
FOR IMMEDIATE RELEASE
GRAPEVINE, TX – Caterpillar Inc. (NYSE: CAT) is hosting its Investor Day centered around the theme of services, technology and sustainability. The leadership team will provide details on the company's achievements, priorities and opportunities including:
“Our global team has done an excellent job executing our strategy for long-term profitable growth,” said Caterpillar Chairman & CEO, Jim Umpleby. “Since 2017, we've achieved our adjusted operating profit margin targets every year and generated $26 billion of free cash flow over that time. We remain committed to continuing our strong financial performance.”
Umpleby added, “We believe services and the energy transition represent significant opportunities for Caterpillar to drive long-term profitable growth and shareholder value, as we help our customers build a better, more sustainable world.”
The company will also discuss its commitment to return substantially all free cash flow to shareholders over time, illustrated by the board of directors’ recent approval of a new authorization to repurchase up to $15 billion of common stock. It is effective August 1, 2022, with no expiration date.
A video webcast of the meeting will begin at 10:25 a.m. CDT. A replay of the webcast, presentations and a transcript will be available at https://investors.caterpillar.com/events-presentations/event-details/2022/Caterpillars-2022-Investor-Day/default.aspx.
With 2021 sales and revenues of $51.0 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels at caterpillar.com/social-media.