Cat Financial Announces 2004 Year-End Financial Numbers

Caterpillar Financial Services Corp., Nashville, Tenn., has announced its year-end revenues for 2004 at $1.92 billion, an 11 percent increase over last year.

According to a release from the company, a subsidiary of Caterpillar Inc., which provides financing alternatives for Caterpillar machines and equipment, profit after tax was $287 million—a $31 million increase from 2003.

New retail financing increased $1.899 billion—or 24 percent—from last year to a record $9.95 billion, Cat Financial reports.