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September 01, 2015 12:40 PM ET

Consumer Finance

Company Overview of Caterpillar Financial Services Corporation

Company Overview

Caterpillar Financial Services Corporation, together with its subsidiaries, provides retail and wholesale financing alternatives for Caterpillar Inc.’s (Caterpillar) products to customers and dealers worldwide. Its retail financing includes financing of Caterpillar equipment, machinery, and engines. The company also provides financing for vehicles, power generation facilities, and marine vessels primarily for Caterpillar products. In addition, it provides wholesale financing to Caterpillar dealers; and purchase short-term receivables from Caterpillar. The company was founded in 1981 and is headquartered in Nashville, Tennessee. Caterpillar Financial Services Corporation is a subsidiary of Ca...

2120 West End Avenue

Nashville, TN 37203

United States

Founded in 1981

1,802 Employees

Phone:

615-341-1000

Key Executives for Caterpillar Financial Services Corporation

Chief Executive Officer, President and Director
Age: 60
Chief Financial Officer and Executive Vice President
Group President of Caterpillar Inc
Age: 64
President of Cat Financial Insurance Services
Age: 54
Principal Accounting Officer and Controller
Compensation as of Fiscal Year 2015.

Caterpillar Financial Services Corporation Key Developments

Caterpillar Financial Services Corporation Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Caterpillar Financial Services Corporation announced earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $683 million compared to $728 million a year ago. Profit before income taxes was $150 million compared to $208 million a year ago. The decrease was primarily due to a $25 million decrease in net yield on average earning assets, an $18 million increase in provision for credit losses and a $14 million unfavorable net impact from lower average earning assets. Profit after tax was $104 million compared to $148 million a year ago. The decrease in Revenue was primarily due to a $29 million unfavorable impact from lower average earning assets and an $18 million unfavorable impact from lower average financing rates. For the six months, the company reported revenues of $1,372 million compared to $1,439 million a year ago. Profit before income taxes was $337 million compared to $390 million a year ago. Profit after tax was $237 million compared to $279 million a year ago.

Caterpillar Financial Services Corporation Presents at 25th AFSA Credit Summit for Fixed Income Investors, May-28-2015 09:40 AM

Caterpillar Financial Services Corporation Presents at 25th AFSA Credit Summit for Fixed Income Investors, May-28-2015 09:40 AM. Venue: The Ritz-Carlton, Battery Park, Two West Street, New York, NY 10004, United States.

Cat Financial Reports Earnings Results for the First Quarter Ended March 31, 2015

Cat Financial reported earnings results for the first quarter ended March 31, 2015. The company reported first-quarter 2015 revenues of $689 million, a decrease of $22 million, or 3% compared with the first quarter of 2014. First-quarter 2015 profit after tax was $133 million, a $2 million, or 2%, increase from the first quarter of 2014. The decrease in Revenue was primarily due to a $13 million unfavorable impact from lower average financing rates and a $7 million unfavorable impact from lower average earning assets. Profit before income taxes was $187 million for the first quarter of 2015 compared with $182 million for the first quarter of 2014. The increase was primarily due to a $19 million decrease in provision for credit losses, partially offset by a $7 million decrease in net yield on average earning assets and a $3 million unfavorable net impact from lower average earning assets.

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