Company celebrates its centennial anniversary
with employees, founders and communities
IRVING,
Texas, Jan. 9, 2025 /PRNewswire/ -- Caterpillar
Inc. (NYSE: CAT) today marked its 100th anniversary with
celebrations throughout the U.S. that commemorate a monumental
moment in the company's history. The iconic manufacturing company
officially turns 100 on April 15,
marking a century of customer-centric innovation and
industry-leading transformation.
The Holt Manufacturing Company and the C.L. Best Tractor Co.
merged to form what was then known as the Caterpillar Tractor Co.
in 1925. From the company's first track-type tractor designed to
pull combine harvesters in Northern
California to autonomous construction and mining equipment
and engines that power the world today, Caterpillar products and
services have helped its customers complete infrastructure projects
that have shaped the modern world.
"Our success over the last 100 years is a testament to the hard
work and dedication of our employees, the continued trust of our
customers and the support of our dealers and business partners,"
said Caterpillar Chairman and CEO Jim
Umpleby. "I am proud to lead such a strong team, and I'm
confident Caterpillar will continue to help our customers build a
better, more sustainable world over the next 100 years."
Celebrations took place in Sanford,
North Carolina and Peoria,
Illinois. At the company's global headquarters in
Irving, Texas, the families of
company founders C.L. Best and Benjamin
Holt will gather with company leaders and employees to
celebrate the first 100 years of innovation as Caterpillar begins
its journey into the next century.
Today, the Centennial World Tour embarked on its journey to
visit Caterpillar facilities around the world and provide an
interactive and immersive experience for employees and visitors.
The company is also commemorating the milestone with
limited-edition "Centennial Grey" painted machines available for
purchase in 2025.
Caterpillar invites its global employees, customers and
stakeholders to join in its 100th anniversary
celebrations all year long. To learn more about Caterpillar's
100th anniversary, visit caterpillar.com/100.
About Caterpillar
With 2023 sales and revenues of
$67.1 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/en/news/social-media.html.
Forward Looking Statements
Certain statements in this
press release relate to future events and expectations and are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Words such as "believe,"
"estimate," "will be," "will," "would," "expect," "anticipate,"
"plan," "forecast," "target," "guide," "project," "intend,"
"could," "should" or other similar words or expressions often
identify forward-looking statements. All statements other than
statements of historical fact are forward-looking statements,
including, without limitation, statements regarding our outlook,
projections, forecasts or trend descriptions. These statements do
not guarantee future performance and speak only as of the date they
are made, and we do not undertake to update our forward-looking
statements. Caterpillar's actual results may differ materially
from those described or implied in our forward-looking statements
based on a number of factors, including, but not limited to: (i)
global and regional economic conditions and economic conditions in
the industries we serve; (ii) commodity price changes, material
price increases, fluctuations in demand for our products or
significant shortages of material; (iii) government monetary or
fiscal policies; (iv) political and economic risks, commercial
instability and events beyond our control in the countries in which
we operate; (v) international trade policies and their impact on
demand for our products and our competitive position, including the
imposition of new tariffs or changes in existing tariff rates; (vi)
our ability to develop, produce and market quality products that
meet our customers' needs; (vii) the impact of the highly
competitive environment in which we operate on our sales and
pricing; (viii) information technology security threats and
computer crime; (ix) inventory management decisions and sourcing
practices of our dealers and our OEM customers; (x) a failure to
realize, or a delay in realizing, all of the anticipated benefits
of our acquisitions, joint ventures or divestitures; (xi) union
disputes or other employee relations issues; (xii) adverse effects
of unexpected events; (xiii) disruptions or volatility in global
financial markets limiting our sources of liquidity or the
liquidity of our customers, dealers and suppliers; (xiv) failure to
maintain our credit ratings and potential resulting increases to
our cost of borrowing and adverse effects on our cost of funds,
liquidity, competitive position and access to capital markets; (xv)
our Financial Products segment's risks associated with the
financial services industry; (xvi) changes in interest rates or
market liquidity conditions; (xvii) an increase in delinquencies,
repossessions or net losses of Cat Financial's customers; (xviii)
currency fluctuations; (xix) our or Cat Financial's compliance with
financial and other restrictive covenants in debt agreements; (xx)
increased pension plan funding obligations; (xxi)
alleged or actual violations of trade or
anti-corruption laws and regulations; (xxii) additional tax expense
or exposure, including the impact of U.S. tax reform; (xxiii)
significant legal proceedings, claims, lawsuits or government
investigations; (xxiv) new regulations or changes in financial
services regulations; (xxv) compliance with environmental laws and
regulations; (xxvi) the duration and geographic spread of, business
disruptions caused by, and the overall global economic impact of,
the COVID-19 pandemic; and (xxvii) other factors described in more
detail in Caterpillar's Forms 10-Q, 10-K and other filings with the
Securities and Exchange Commission.
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SOURCE Caterpillar Inc.
