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Caterpillar (CAT) Streamlining to Focus on Plants That Can be Combined - VP DeWalt

November 4, 2015 10:56 AM EST

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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