Skip to main content

Caterpillar CEO sees return of higher sales

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 would be back to over the $50 billion [sales] threshold," he said at the June 10 meeting.

Owens' remarks were made in the context of reiterating the company's long-term sales goals pursuant to its Vision 2020 and noting the challenges faced in achieving those goals.

Caterpillar reported sales of $51.324 billion in 2008. It is the world's largest manufacturer of diesel and natural gas engines, construction and mining equipment, and industrial gas turbines.

Related

FUTURE-ANGLERS

FAF Brings New Anglers into the Fold

The nonprofit organization will leverage Giving Tuesday on Nov. 29 to raise funds for its grassroots fishing and boating participation efforts.

1_NAOS.YACHTS.EXPANDS

Naos Yachts Plans New Offices

The San Francisco Bay area location will expand the dealer’s midcoast footprint and help grow its Groupe Beneteau, Lagoon, Neel, CNB Yachts, Four Winns and Wellcraft brands.

1_THANKSGIVING

Trade Only Today Returns Monday

The e-newsletter will not publish Thursday, Nov. 24, and Friday, Nov. 25, in observance of the Thanksgiving holiday.

CORRECT-CRAFT-ORPHANAGE

Correct Craft Gives Back

Employees spent a day serving at the Florida United Methodist Children’s Home, impacting more than 500 kids in need.

1_GH.ELECTRIC.HOIST

GH Motion Launches All-Electric Lift

The GH70e mobile boat lift is powered by a modular solar/battery system and has a 65-ton capacity.

1_PULSE.PING

Dealers: Are You in Compliance?

A new FTC Safeguards Rule designed to protect consumers’ personal information goes into effect Dec. 9 — are you prepared?

1_NMMA-CANADA

NMMA Canada President Steps Down

NMMA Canada president Sara Anghel is leaving the recreational boating trade group after nearly 15 years of service.

1_DEALER.OUTLOOK

Ohio Ordered To Get Serious About Algae

Many are applauding a judge’s proposed consent decree that will serve as a roadmap to address western Lake Erie’s chronic algal blooms.