Cat Financial Third Quarter Up Slightly

Published 10/22 2012 07:03PM

Updated 04/26 2013 11:45AM

NASHVILLE- Cat Financial reported third quarter revenues of $678 million, or 1 percent increase comapred to last year. Third quarter profit after tax was $109 million or 17 percent increase over last year. The increase in revenues the company said were primarily due to a $63 million favorable impact from higher average earning assets, partially offset by a $44 million unfavorable impact from lower average financing rates on new and existing finance receivables and operating leases and a $9 million unfavorable impact from gains/losses on returned or repossessed equipment. The company says Cat Financial's business continues to perform well.

Copyright 2015 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Featured Business