Caterpillar to stockholders: long-term trends positive;' activists want explanations

摘要

During Caterpillar's annual shareholder's meeting June 13 at the Q Center in St. Charles, IL, Jim Owens, chairman and CEO, cited the company's continued strong global performance, financial growth and a positive industry outlook. He noted that "2006 was Caterpillar's third consecutive year of record sales and profitability and fourth straight year of double-digit profit growth." Caterpillar delivered record financial results in 2006 and increased its 2007 outlook earlier this year. The company expects full-year sales and revenues in a range of 42 billion dollars to 44 billion dollars and profit in a range 5.30 dollars to 5.80 per dollars share. Owens told stockholders that Caterpillar is on track to reach its 2010 goal of more than 50 billion dollars in sales and revenues and profit per share annual growth in the range of 15 to 20 percent.