Forecast Increased Again For New And Used Construction Equipment From Caterpillar

The manufacturer Caterpillar is one of the largest construction machinery manufacturers, offering both new and used construction equipment, worldwide. Due to the large demand mainly from emerging markets, Caterpillar has brought a very good quarter. Because of unexpectedly large growth of profits and sales, the Group increased its business forecast for the current fiscal year on Thursday, although the orders in the United States are on rather small. As already mentioned, especially the business in emerging markets such as China, India and Indonesia is for the current success of Caterpillar resp there is indeed strong invests in the infrastructure and mining. In this area, the manufacturer of construction machinery recorded about half of the increase in the sales of machines. For 2011, the Group intends to achieve revenues of around $50 billion – bringing the return to the level before the economic crisis would be possible. However, the United States domestic market so far contributes much to the recovery. The Contracts in the field of road construction have become even in the United States of less.

About two weeks before the Congressional elections in the United States with the doldrums Caterpillar sent an unusually urgent appeal to Washington. In the communication of the Group was that the company and the growth more promoting the Government as well as disputes with major trading partners would have to avoid. Caterpillar had fired more than 30,000 employees in the past two years because of the crisis. But this year, the workforce will grow again to 15,000. But most of the settings found outside of the United States instead of as for example in Asia and Latin America. The company has a total of nearly 100,000 employees. In the past quarter, Caterpillar earned $792 million, or $1.22 per share, which was tantamount to almost a doubling from the previous year. Sales increased 53 percent to $11.1 billion. For the current full year, Caterpillar hoped a gain of 3.80 to 4.00 dollars per share and revenues of $41 to 42 billion now. In the It was first previous estimates from 3.15 to 3.85 dollars respectively 39 and 42 billion dollars.

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