Caterpillar Inc. today reported declines in revenue and profit for the second quarter of 2009, but chairman and CEO Jim Owens said he is seeing signs of stability in the economy. “Credit markets have improved significantly. Fiscal policy and monetary stimulus have been introduced around the world, and we are seeing signs, particularly in China,…more
Caterpillar Inc., based in Peoria, Ill., is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.
Caterpillar reports its marine engine sales were up 20 percent in May, compared with the same month of 2008, according to a report filed with the Securities and Exchange Commission. For May, marine was the only engine segment to report an increase. In total, sales of engines in all segments were down 21 percent for…more
At its 2009 annual meeting, Caterpillar chairman and CEO James W. Owens told stockholders he expects the company’s sales to return to previous levels in the next five years, according to documents filed with the Securities and Exchange Commission. “I would put odds around 80 percent that in the next five years or so we…more
Sales of Caterpillar’s marine engines were up 48 percent last month compared to April 2008, the company said in a report filed this week with the Securities and Exchange Commission. Also, the company reported sales were up 12 percent in March and 19 percent in February, compared to those months in 2008. No specific unit…more
Nearly 1,000 employees at Caterpillar’s Lafayette, Ind., plant will have their hours cut by at least 50 percent beginning in August, according to a notice filed with Indiana’s Department of Workforce Development. The Lafayette plant makes diesel engines for marine, petroleum, electric power, locomotive and industrial uses. “No employees are being placed on layoff as…more
BRP, SF Marina USA and Caterpillar Marine have made changes to their online offerings. Bombardier upgraded the company’s Sea-Doo Web site with a collection of short videos to educate and entertain visitors. The Sea-Doo video library includes technological overviews of the new iCONTROL system, watercraft model performance comparisons, the Direct-Drive jet propulsion advantage of Sea-Doo…more
Caterpillar today reported sales and revenues for the first quarter of 2009 were $9.225 billion, down 22 percent from $11.796 billion in the first quarter of 2008. The company reported a loss of 19 cents per share, down $1.64 per share from the first quarter of 2008. Excluding redundancy costs, first-quarter profit was 39 cents…more