Cat and IR Post Strong Fourth Quarters

January 31, 2006 — Caterpillar Financial Services Corp., Peoria, Ill., recently reported record revenues of $2.35 billion for 2005 — an increase of $430 million, or 22%, over 2004. Profit after tax was a record $364 million — a $77 million, or 27%, increase over 2004.

 

Of the increase in revenues, $258 million resulted from the impact of continued growth of finance receivables and operating leases (earning assets), $156 million from the impact of higher interest rates on new and existing finance receivables and $16 million from associated fees and various other revenue items.

 

In other financial news, Ingersoll Rand revealed that its revenues increased by 10% to $2,713 million in the 2005 fourth quarter. Full-year 2005 revenues increased by 12% to $10.5 billion.

Diluted earnings per share (EPS) from continuing operations for the 2005 fourth quarter increased by 27% to $0.81. Full-year EPS from continuing operations increased by 31% to $3.09.

Full-year 2005 available cash flow of $784 million was consistent with previous guidance of $775 million.