Denise Johnson – Group President, Resource Industries We are seeing a good solid recovery in mining “So, I talked a little bit about the recovery. We are seeing a good solid recovery from a really low level. If you see … Continued
D. James Umpleby – CEO In sum ”….generally weak economic conditions and commodity price volatility have made the last few years challenging and have significantly impacted the industries we serve…Quarterly sales and revenues were up for the first time since 2015… … Continued
James Umpleby Michael DeWalt China positive “Construction in China has been positive, and that’s good. But that said, it’s dependent upon continued economic growth and government support for construction in China as we go into 2017.” Not seeing big increase … Continued
Denise Johnson – Group President-Resources Industries Increased optimism among mining customers “As we talk to our mining customers, we clearly see that they have some increased optimism certainly with commodity prices improving their financial viability improving they do have an … Continued
Caterpillar (CAT) Q3 2016 Results Douglas R. Oberhelman – Caterpillar, Inc. Splitting Chairman and CEO role around transition of CEO “We did make a change in governance with a split Chair and CEO role. I think most of you know … Continued
Douglas R. Oberhelman – Chairman & Chief Executive Officer Don’t think it was a surprise that Joy was acquired I’ll take that one. It’s Doug Oberhelman here. I don’t think it was any surprise that Joy was acquired with what’s … Continued
Douglas R. Oberhelman – Chairman & Chief Executive Officer Chinese government policy centers around shift from investment economy to consumer economy “First of all, around China, I was over there about three weeks ago, as I usually do in March, … Continued
Mike DeWalt –VP Finance Services China change is logical “From an economic standpoint, I think it’s our view what’s happening there is logical. They can’t drive an economy that big that fast on just fixed asset investment. I mean, the … Continued
Doug Oberhelman Cat financial asset quality has stayed strong “Actually in 2015 they hit a very high market share number for what they financed. The quality of that asset portfolio is very good, past due has actually improved a little … Continued
Expecting 2016 to be below 2015 “We think 2016 is going to be about 5% below 2015. Now this would be our fourth consecutive down year and that’s never happened to Caterpillar in the history of the company.” Real devalued … Continued