Caterpillar Doesn't See Federal Probe Impacting Results

Construction and mining equipment manufacturer Caterpillar (CAT) disclosed in an SEC filing that it does not expect ongoing investigations related to its accounting practices to have a material adverse impact on its financial results.

"The company is unable to predict the outcome or reasonably estimate any potential loss; however, we currently believe that this matter will not have a material adverse effect on the company's consolidated results of operations, financial position or liquidity," Caterpillar said.

U.S. authorities raided three of the company's offices in Illinois in March as part of an investigation by the IRS regarding profits at Caterpillar's Swiss business.

Shares of Caterpillar were up slightly this afternoon.

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