Norman Chambers – Chairman and CEO Some normal hesitation from customers “While not unusual, there has been some recent hesitation in bookings while our customers digest current workloads. Our quoting activity is good, our backlog is solid and our customer’s … 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
D.R. Horton (DHI) Q4 2016 Results David V. Auld – D.R. Horton, Inc. Michael J. Murray – D.R. Horton, Inc. Feel good about October sales Stephen, with regard to our October sales, we feel really good about our October sales. … Continued
Fluor (FLR) Q3 2016 Results David Seaton Seen significant increase in industry infrastructure “Through the first three quarters of 2016, overall global economic growth has underperformed our expectations. We continue to experience greater than anticipated headwinds from the commodities and … 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
KB Home’s (KBH) CEO Jeff Mezger on Q3 2016 Results California reflects ongoing strength along the cost “The dynamics of the California real estate market continue to reflect ongoing strength along the coast, with rising prices in those areas driving … Continued
Toll Brothers’ (TOL) CEO Douglas Yearley on Q3 2016 Results Just not seeing weakness in luxury new home market ” While there has been a lot of discussion about weakness in the luxury new home market, we just aren’t seeing … 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
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