Caterpillar (CAT) Streamlining to Focus on Plants That Can be Combined - VP DeWalt
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Price: $366.43 +0.49%
Overall Analyst Rating:
NEUTRAL ( Down)
Dividend Yield: 1.8%
Revenue Growth %: +0.5%
Overall Analyst Rating:
NEUTRAL ( Down)
Dividend Yield: 1.8%
Revenue Growth %: +0.5%
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Caterpillar Inc. (NYSE: CAT) Vice President of Finance Services Mike DeWalt and Director of Investor Relations Rich Moore spoke at the Goldman Sachs Industrials Conference 2015 earlier today. In part, DeWalt said (not verbatim):
- The company is in a better market position than the prior market bottom of 2009
- The company's backlog reflects the "status quo" in energy markets
- The company's balance sheet and earnings are better than in 2009
- The company is streamlining to focus on plants that can be combined
- Most large, single-source plants won't shut down
- Larger plants are costlier to replace than to keep operating
- Most trucks being cannibalized for parts are affecting the after-market
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