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Home Front Economy
Killdozer Earnings Rise
2006-07-21
CHICAGO (Reuters) - Industrial giant Caterpillar Inc. (CAT) Friday said second-quarter earnings rose, and the company raised its outlook for the full year. The heavy equipment maker reported a profit of $1.046 billion, or $1.52 a share, compared with $760 million, or $1.08 a share, a year earlier. Sales rose 13 percent to $10.605 billion, the company said.
Rachel Corrie shares remain flat
Analysts, on average, expected the Peoria, Illinois-based company to report earnings of $1.42 a share on sales of $9.74 billion, according to Reuters Estimates. Caterpillar stock has risen about 20 percent this year through Thursday's close, outperforming its peers on the S&P machinery subindex , which are up, on average, about 10 percent. Caterpillar trades at about 11.7 times estimated 2007 earnings, a slight discount to its peers on the index, which trade, on average, closer to 12 times estimated 2007 earnings.
Caterpillar, official bulldozer supplier of Rantburg Heavy Industries. Accept no subsitute.
Posted by:Steve

#5  Thanks, Mike :-)
Posted by: wxjames   2006-07-21 23:04  

#4  PEORIA, Ill. - The Board of Directors of Caterpillar Inc. (NYSE: CAT) today voted to increase the quarterly cash dividend by five cents to thirty cents ($0.30) per share of common stock, payable August 19, 2006, to stockholders of record at the close of business on July 20, 2006. The $0.30 dividend is an increase of 20 percent over the previous rate of $0.25 per share.

"Caterpillar expects 2006 to be its third consecutive year of record results, and today's announcement reflects the Board of Directors' confidence in Caterpillar's long-term outlook," said Caterpillar Chairman and Chief Executive Officer Jim Owens. "Our 6 Sigma process focus is enabling us to leverage our strong leadership position and grow our businesses while creating even greater operating cash flow. We're pleased to be able to reward our stockholders with another significant increase. Our future is bright, and all Caterpillar employees are focused on delivering even better results over the next few years." Including the announcement today, Caterpillar's cash dividend has tripled since 1996.


God I love the smell of diesel fuel and brick/mortar dust in the morning.
Posted by: Besoeker   2006-07-21 12:59  

#3  There's also the Rachel Corrie Memorial iPod Playlist to consider:

Janis Joplin with Big Brother & the Holding Company, "Caterpillar"
Jennifer Gentle, "Caterpillar Song"
Drive-By Truckers, "Bulldozers and Dirt"
The Scientifics, "My Bulldozer"
Iggy Pop, "Bulldozer"
Mojo Watson, "Run Rachel Run"
Donuts, "Caterpillar Blood"
Dave Matthews Band, "Crush"
Bruce Springsteen, "Crush On You"
Champ, "Squashed"
Badly Drawn Boy, "Rachel's Flat"
Posted by: Mike   2006-07-21 12:29  

#2  Into the battles, making cages rattle
There's a pain that's inside us and we're letting it out
Charge right in, we dare to fail
No one is giving in, always we live to win
A hunger turns and burns inside of all of us
And it will not be denied

Bulldozer feeds upon the weaker as they fall
Bulldozer crushes all


--Machine Head, "The Ballad of Rachel Corrie" "Israeli D-9 Fight Song" "Bulldozer"
Posted by: Mike   2006-07-21 12:20  

#1  Dammit Steve...post a no drinking warning before your comments...Rachel Corrie shares remain flat. Now I have to go change my shirt...
Posted by: Warthog   2006-07-21 11:38  

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