Cat Financial has reported revenues of $2.645bn, an increase of $93m, or 4%, compared with 2010. Profit after tax was $378m, a $100m, or 36%, increase from 2010. Profit before tax was $504m for 2011, compared to $329m for 2010.

New retail financing was $11.32bn, an increase of $1.9bn, or 20%, from 2010. The increase was primarily related to improvements in the company’s Asia/Pacific and mining and North America operating segments.

“We are very pleased with the excellent improvement in Cat Financial's results in 2011. In addition to increased profitability, new retail financing is up 20% from 2010 and portfolio performance has significantly improved, with past dues and full-year write-offs at their lowest levels since 2008,” said Kent Adams, Cat Financial president and vice president of Caterpillar Inc. “Our strategy for continued success remains focused on providing an outstanding customer experience for Caterpillar customers and dealers.”

Companies mentioned in this article