Caterpillar to be delisted from Euronext Paris and SIX Swiss



Irving, Texas – caterpillar Inc. (NYSE: ), a leading manufacturer of construction and mining equipment, today announced its decision to delist its common shares from Euronext Paris due to low trading volumes and associated costs and administrative requirements. The delisting has been approved by the board of directors of Euronext Paris and is scheduled to take place on May 28, 2024.

The company also revealed plans to withdraw its shares from SIX Swiss Exchange by the end of 2024.

Caterpillar offers holders of shares that trade on Euronext Paris two options: They can keep their shares and trade on the NYSE after delisting, or participate in a voluntary sale mechanism to sell on the NYSE its stock. The sales facility will be open from May 3, 2024 to May 16, 2024, with Société Générale as centralized agent. Sales will begin on May 23, 2024, at current market prices. The Company will bear the concentration of sales, brokerage fees and any applicable foreign exchange commissions.

Shareholders are advised to consult their investment advisor before deciding to participate in the voluntary sale of facilities. The last day of trading for Caterpillar shares on Euronext Paris was May 27, 2024.

Caterpillar, which will have sales and revenue of $67.1 billion in 2023, has been a major player in the industry for nearly a century. The company operates through its construction, resources, and energy and transportation segments, and provides financing and related services through its financial products segment.

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Investment Professional Insights

As Caterpillar Inc. (NYSE: CAT) prepares to streamline its market share by delisting from Euronext Paris and SIX Swiss Exchange, the company's financial health and strategic moves remain a focus for investors. Caterpillar has a strong market capitalization of $174.65 billion, according to InvestingPro, reflecting its important position in the industry. The company currently trades at a price-to-earnings ratio of 15.69 and an adjusted price-to-earnings ratio of 14.86 for the trailing twelve months ended in the first quarter of 2024, indicating a potentially attractive valuation relative to recent earnings growth.

InvestingPro Tips highlights that Caterpillar has been a stable performer and has a history of rewarding shareholders. Notably, the company has raised its dividend for 10 consecutive years and maintained its dividend for an impressive 54 consecutive years. This commitment to shareholder returns is combined with a dividend yield of 1.51% in the latest data, and dividend growth in the last 12 months was 8.33%. Management's aggressive strategic stock repurchases into Caterpillar further underscore confidence in the company's value proposition.

For investors who want to delve deeper into Caterpillar's financial and strategic analysis, additional InvestingPro Tips are available. These include insights into earnings revisions, industry positioning, cash flow sustainability, debt levels and earnings forecasts. For example, 9 analysts have recently upgraded earnings for the coming period, signaling a positive outlook for the company's performance. Caterpillar is also recognized as a well-known player in the machinery industry, consistent with its strategic focus on core markets. To get these insights and more, investors can explore a full range of tips on InvestingPro's Caterpillar page.Additionally, for those interested in an InvestingPro subscription, a coupon code is available PRONEWS24 An additional 10% discount is available on annual or biennial Pro and Pro+ subscriptions.

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The company's revenue in the past 12 months was US$67 billion, with a growth rate of 8.59%. Caterpillar's financial strength is evident. The company's strategic delisting demonstrates that it will focus on optimizing operations and focusing on communications that are most impactful to shareholders.

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