Oberhelman presents 2015 outlook at MINExpo in Vegas

By WEEK Producer

September 24, 2012 Updated Sep 24, 2012 at 10:14 PM CDT

LAS VEGAS, Nev. -- Caterpillar expects 2015 to be a good year.

Monday, Caterpillar CEO Doug Oberhelman presented future figures to analysts at the MINExpo International 2012 in Las Vegas.

Oberhelman says the company expects 2015 sales and revenues to be in the range of $80 to $100 billion and profit in a range of $12 to $18 per share.  

At MINExpo, the world's largest and most comprehensive show dedicated to mining, Caterpillar is showcasing the broadest line of both surface and underground mining and materials handling equipment available in the mining industry.

"There are a number of geopolitical and economic factors driving uncertainty in the world today, but our base case scenario calls for modest global economic growth over the next few years," Oberhelman said. "We think this is a reasonable view and the most likely outcome...But just as we have done in the past, Caterpillar is ready to act if we enter a recession. We don't think it's likely, but if it happens, we are prepared to react and would expect to remain attractively profitable and to maintain our dividend."

During the meeting, Caterpillar outlined a number of operational improvements that have occurred in the last few years, including changes driven by the company's updated Vision 2020 strategy, part of which revitalizes the focus on customers.

At MINExpo, the world's largest and most comprehensive show dedicated to mining, Caterpillar is showcasing the broadest line of both surface and underground mining and materials handling equipment available in the mining industry.