Caterpillar reaffirms its 2008 financial forecast

2022-06-23
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Caterpillar restates its 2008 financial forecast target guide: Caterpillar Inc (CAT) reaffirms its 2008 financial forecast target. Although the impact of the U.S. housing market downturn still exists, its business in Europe, Africa, Asia and the Middle East has developed rapidly because these regions have increased investment in infrastructure and oil prices have continued to rise

caterpillar Inc (CAT) reaffirms its 2008 financial forecast target. Although the impact of the U.S. housing market downturn still exists, its business in Europe, Africa, Asia and the Middle East has developed rapidly due to the increased investment in infrastructure in these regions and the continued rise in oil prices

at the analyst conference on Tuesday, the construction equipment manufacturer headquartered in Peoria, Illinois, also raised the low-end value of the expected range of sales and revenue in 2010 from $45billion to $60billion

"if you look at the construction activities in emerging markets in recent years, it is not difficult to find that the development of the construction industry in these regions has even exceeded the growth rate of their GDP in the past five years," pointed out Jim Owens, CEO of the company

when talking about the prospects for 2008, the 181 construction engineering large formwork company of the company predicted that the earnings per share of this year was expected to increase by 5-15%, and the revenue was expected to increase by 5-10%. The company also plans to invest $2.3 billion in capital expenditure

the company has announced that it expects the profit growth rate to reach 15-20% from 2005 to 2012

the company predicts that the sales rate in North America in 2008 will be the same as that in 2007 or increase by 5%, but the sales rate in Europe, Africa and the Middle East will increase by 5% to 10%, while the sales rate in Asia and Latin America is expected to increase by 10% to 15%

"we believe that the consumer exports of the Asia Pacific region, especially India and China, will be adversely affected by the slowdown of US economic growth, but their domestic demand is still very strong," Owens pointed out

he pointed out that "these regions have increased investment in infrastructure, regional trade is very active, and the balance sheet has also maintained a very excellent level."

Goldman Sachs securities, including bumpers, door panels, seat back covers, columnar mouldings, door trim panels, instrument panels, head and side impact areas, fenders and horns, tail lamp housings and fairings, said that after consulting with the company's management, the company has strengthened its optimistic view on the global mining industry and infrastructure construction activities outside North America. On Tuesday, the analysts of the securities firm met with a number of machinery and diversified industrial companies, including caterpillar

"obviously, the rising oil price and the plan to accelerate infrastructure construction in Russia and the Middle East make strategy, investment, dealer development and market penetration the central issues considered by all companies," Goldman Sachs Securities pointed out in a short message

"although the construction industry is relatively mature, the prospects of Brazil and Latin America are also gradually improving."

as of 12:30 p.m. EST, the company's share price rose $3.14, or 4.3%, to $75.75. Since this year, the stock has climbed 2%, rebounding 26% from the one-year low of $59.60 set on January 22

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