Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES
Trader Talk Video Gallery
Bob Pisani reports on the trading day from the NYSE
Bob Pisani reports on the trading day from the NYSE.
CNBC's Bob Pisani has the week's 101 segment.
Discussing what the upward GDP says about the economy, with Joe Clark, Financial Enhancement Group; CNBC's Bill Seidman;...
Bob Pisani reports on the trading day from the NYSE
Bob Pisani reports on the trading day from the NYSE
Robert Hardy, specialist at LaBranche & Co., shares his street smarts with CNBC's Bob Pisani.
Bob Pisani reports on the trading day from the NYSE
See all Trader Talk posts
Font size:
Apr.18
11:07 AM ET
Friday, 18 Apr 2008
Caterpillar's Global Growth Story

Caterpillar [CAT  Loading...      ()   ] is an excellent example of how global growth is helping the bottom line of big corporations. Here's the story: global growth is NOT decelerating to any appreciable extent; in fact, it is strong and, in some cases, getting stronger.

Caterpillar now gets two-thirds of its sales outside the U.S.; they are maintaining 2008 guidance even though North America looks weak, because global sales are so strong.

Here's what happened in the last quarter:

North America up 3 percent
Europe/Australia/Middle East up 27 percent
Asia/Pacific up 35 percent
Latin America up 18 percent

More importantly, they have adjusted their regional revenue forecasts DOWN for North America but UP for everywhere else.

Asia/Pac sales up 15-20 percent from previous up 10-15 percent
Europe/Australia/Middle East up 7-12 percent from earlier up 5-10 percent
Latin Am. up 15-20 percent from up 10-15 percent
N. America down 2 percent to up 2 percent from previous flat to +5 percent

It's not all sunshine; rising raw material costs is a real problem for them. But the international sales are extremely encouraging.

  related content


Questions?  Comments? 

© 2008 CNBC, Inc. All Rights Reserved

Permalink: /id/24200693

HOME  |  NEWS  |  MARKETS  |  EARNINGS  |  INVESTING  |  VIDEO  |  CNBC TV  |  CNBC PLUS  |  CNBC HD+
About CNBC   |   Site Map   |   Privacy Policy   |   Terms of Service   |   Advertise   |   Help   |   Feedback   |   Video Reprints
  Data is a real-time snapshot   *Data is delayed at least 15 minutes

Global Business and Financial News, Stock Quotes, and Market Data and Analysis