Despite the turmoil in the US Economy, Caterpillar recently announced sales and revenues were up 18 percent and profit per share up 18 percent.
According to Caterpillar…
“I am pleased to be able to report record results this quarter, particularly given the tough economic conditions we’re experiencing in the United States,” said Chairman and Chief Executive Officer Jim Owens. “The sales increase was the result of a tremendous effort by our employees, dealers and suppliers to support customers.
We continue to see robust demand for products used in the global mining and energy industries and for machines used by our customers to build infrastructure, particularly in emerging markets. These record results are a remarkable testament to our global strength, the diversity of the end-markets we serve and the strength of our integrated service businesses.