Caterpillar stock splits as business rebounds

07/15/2005 | Engineering News-Record

With its stock price inching towards $100, heavy equipment manufacturer Caterpillar Inc. has executed a two-for-one stock split, reflecting a rebound in its business. The rebound appears to be industry-wide, with new orders for machines up 6.2% in April and another 7% in May, after falling 8.6% in March. Overall, orders are up 18% over last year, according to the U.S. Department of Commerce.

View Full Article in:

Engineering News-Record

Published in Brief: