Caterpillar Inc.
Global Financial Prospectus, 2010
A financial and qualitative leader in product and services in the heavy equipment industry, Caterpillar has been an expert in construction and mining equipment, diesel and natural gas engines and industrial gas turbines for over 80 years. Outperformance of stated goals is consistent to Caterpillar's brand identity and expert financial outcomes in its manufacturer industry class. Subsidiaries Cat Financial, Caterpillar Logistics Services Inc., and Caterpillar Remanufacturing Services and Progress Rail Services Corporation contribute to the conglomerates total financial picture. Caterpillar's long-term global operations strategy, Vision 2020 articulates priorities in acquisition and investment in new wholly owned subsidiaries abroad.
Public notice of reported annual sales and revenues totaled $51.324 billion. Caterpillar is also a global leader in exports in its competitive manufactured categories. Analysis of the Company's strategic market prospectus for the forthcoming three years in direct sales will be increasingly reliant upon its international network of independent dealers. Caterpillar's business developments suffered in response to the conditions of the 2008 global economic crisis, when fiscal results to its manufacturer operations and services were materially affected. The cycle of volatility actually commenced in 2007 which had significant impact on the company's overall profitability. Although strong sales were seen in the first three quarters, deterioration of the investment market profit per share in final quarter was driven by a 28% ($1.08) decline in performance.
Comparative increase in sales at the close of the fourth quarter of that year at $12.293 billion, or $779 million was destabilized by a total profit from total annual earnings $314 billion, a decrease from the prior annual results. Since that period, Caterpillar's financial results have felt significant impact from higher manufacturing costs. Full cost pricing derived from higher material and freight costs input, and manufacturing inefficiencies...
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