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Caterpillar full-year earnings dip with bad 4Q; falling oil prices expected to drag 2015 down even further
For a second consecutive year, Caterpillar sales and profit have fallen. And in addition to the slump in demand for mining equipment that has plagued the company for the last two years, Cat is now contending with falling oil prices, causing the company to forecast another drop in sales for 2015. After ending a disappointing 2013 with […]
January 27, 2015
Roadbuilding
Martin Marietta reports huge 2nd quarter profits
Martin Marietta Materials has reported strong second quarter earnings of $1.34 per share compared to 89 cents per share in the second quarter of 2013. Revenue for the company totaled $669.2 million, up from $561.3 million during the same period last year. Net sales hit a record $601.9 million, up from $507.1 million. The company […]
July 31, 2014
Business
Caterpillar reports record sales, revenues, profits for 2012, despite Siwei charge
Despite continued economic uncertainty and a bad fourth quarter due to a $580 million charge taken after uncovering an accounting scheme at a Chinese unit, Caterpillar today reported all-time record sales, revenues and profit per share in 2012. Sales and revenues were up 10 percent from 2011 at $65.9 billion while profit per share was […]
January 28, 2013
Construction Equipment
Cat boosts outlook based on quarterly results
Prompting a more optimistic forecast for 2010 as a whole, increased production helped fuel a 91-percent year-over-year hike in second-quarter profit for construction equipment manufacturing giant Caterpillar. “We’ve been highly focused on three things this year – significantly increasing production in response to higher demand from our customers particularly in developing economies, aggressively managing costs […]
July 28, 2010
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