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Caterpillar Reports Record Earnings01-26-06 | News
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Caterpillar Reports Record Earnings



PEORIA, Ill. ?EUR??,,????'??? Caterpillar Inc. reported its strongest quarter ever Thursday, yielding record annual profits and revenues.

The company reported full-year sales and revenues of $36.339 billion and profit per share of $4.04. Sales and revenues rose 20 percent from 2004, and profit per share was up 40 percent?EUR??,,????'??+both were records. Fourth-quarter sales and revenues of $9.663 billion and profit per share of $1.20 were both all-time records for any quarter in Caterpillar history.

?EUR??,,????'??Our focus this year has been on meeting customer delivery expectations while creating stockholder value. I’m gratified by what Team Caterpillar has accomplished in the face of unprecedented demand,” Caterpillar Chairman and Chief Executive Officer Jim Owens said. “Over the past two years we?EUR??,,????'???ve more than doubled production at several of our manufacturing facilities, particularly those manufacturing large machines. We?EUR??,,????'???ve done this without additional bricks and mortar and with a focus on managing our period cost structure.”

In 2006, the company expects sales and revenues of about $40 billion and profit per share between $4.65 and $5.00.

?EUR??,,????'??2006 should be another year of excellent growth for Caterpillar, ” Owens said. “Most of the industries we serve are strong, and the fundamental economic picture remains positive.?EUR??,,????'??

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