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Caterpillar Reports Record Sales and Revenues and Profit for 2012; Inventory Reduced $2 Billion in the Fourth Quarter

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Back | Posted on January 29, 2013 by Chris

PEORIA, Ill.— Despite economic and political uncertainty in the United States, continued economic turmoil in much of Europe and slower growth in China, Caterpillar Inc. (NYSE: CAT) today announced record 2012 sales and revenues of $65.875 billion, an increase of 10 percent from $60.138 billion in 2011. Profit per share of $8.48 was also an all-time record, including the impact of the previously announced goodwill impairment charge of $0.87 per share related to Siwei. The 2012 profit per share of $8.48 was up 15 percent from $7.40 in 2011. Profit was $5.681 billion, an increase of 15 percent from $4.928 billion in 2011.

Fourth-quarter 2012 sales and revenues were $16.075 billion, down $1.168 billion from $17.243 billion in the fourth quarter of 2011. The impact of changes in dealer new machine inventories lowered sales by about $1.4 billion as dealers reduced inventories about $600 million in the fourth quarter of 2012, compared with an increase of about $800 million in the fourth quarter of 2011.

Fourth-quarter 2012 profit was $697 million compared with $1.547 billion in the fourth quarter of 2011. Profit was $1.04 per share in the fourth quarter of 2012 compared with profit per share of $2.32 in the fourth quarter of 2011. Fourth-quarter 2012 profit was negatively impacted by the previously announced goodwill impairment charge of $580 million, or $0.87 per share. Lower sales and revenues and the cost impact from sharply lower production and the $2 billion decline in Caterpillar inventory also had a negative impact on fourth-quarter profit. Those impacts were partially offset by a $300 million positive impact related to the settlement of prior-year tax returns.

“From an operational standpoint, 2012 was a very successful year with record sales and profit in a tough economic climate. Considering the weak economy in the United States, along with much of Europe in recession and China slowing, we had a solid year. Our incremental operating profit pull through was very good, we made progress adjusting inventory levels, and our quality and safety indicators continued to improve,” said Caterpillar Chairman and Chief Executive Officer Doug Oberhelman.
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Posted in Blog Posts, Caterpillar, Caterpillar, Construction, Construction Equipment, Manufacturers, Moffat Consulting & Technology | Comments off

Africa Looks Good for 2013!

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Back | Posted on by Chris

Resale Weekly – Special Issue 2532 focuses on Africa. Despite world trends, the African continent remained buoyant throughout 2012 and this looks set to continue well into 2013. Fuelled by massive infrastructure projects across many regions, Africa is pushing ahead with a broad raft of projects that include road, rail, utilities, housing, forestry and mining.

South Africa plans to spend US$ 465 billion on strategic infrastructure projects that include ports, energy, communications and transport links. Over the next three years, the state is pledging to spend approximately US$ 98 billion on the start of these works as the next stage in the development of the country.

Ghana and Nigeria both have contractors working in the region with requirements for all makes of excavators and dozers from 20t upwards, ‘rippers’ such as CAT D6ts being a preferred choice. The trend is more for utilitarian machines that have dual uses where follow on contracts would have different requirements. Read More…

Posted in Construction, Construction Equipment, Farming Equipment, Industry News, Manufacturers, Moffat Consulting & Technology, News | Comments off

Its Auction Season in Florida!!

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Back | Posted on January 9, 2013 by Chris

For the month of February 2013 its auction month in Florida, USA

This is the biggest auction event of the entire global calendar. With back to back auctions for the whole month, the eyes of the construction equipment and machinery world will be focusing on the Sunshine State and if you have something to sell then Resale Weekly – Issue 2532 is the BIG auction bumper issue that you have got to be in it. Yoder & Frey, Alex Lyon, Ritchie Brothers and CAT Auctions, to name just a handful of the biggest names on the auction planet, will be in Florida for that month and with tens of thousands of lots to sell the entire buying world will be in that part of the USA looking for the best equipment at the best prices.

Resale Weekly @ Yoder & Frey

Resale Weekly will again be in attendance at the Yoder & Frey sale which this year is the 39^th annual 7 day winter auction. Running from February 11^th to 18^th (no sale on the 17^th) Resale weekly is on Booth 100 where we will be giving out the bumper North America & Caribbean issue. If you only advertise once this year in Resale Weekly, then this is the issue you HAVE to be in.

The Yoder & Frey Auction is at: 651 W. Southport Road, Kissimmee, FL 34746.

This sale is for Heavy Construction Equipment, Trucks & Trailers The sale open at 8pm in the morning and remember Resale Weekly is on Booth 100 – come and see us.

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Posted in Auctions, Manufacturers, Moffat Consulting & Technology, News | Comments off

The Middle East is still BOOMING!!

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Back | Posted on December 4, 2012 by Chris

Whilst certain areas of the world may be experiencing challenges in the construction sector, other hot spots around the globe seem to have their own micro climate. The Middle East has always been seen as a cash cow of the global economy with a thirst for bigger, higher, grander and generally more expensive that other regions around the world. It is true that since the global downturn, parts of the Middle East have put projects on hold and other regions have carried on with ‘business as usual’ regardless, with the economy being measurably good in comparison to the rest of the planet.

Daniel Moffat, Managing Director of Resale Weekly looks in detail at what is happening in the Middle East and how the demand for construction machinery and equipment may be affected as we enter a New Year.

With activity in the UAE construction sector flattening during late 2011 and many contractors experiencing tougher times due to approximately $719bn of construction projects being put on the backburner or shelved, much machinery and construction equipment has stood idle across the region. At the end of 2011 analysts predicted that activity in the UAE would flatten during 2012 and contractors would experience a tough 12 months which has proved to be the case. Heavy equipment destined for cancelled infrastructure and canal projects (CAT 777s, 789s and 797s) was finally moving out of the Middle East to where it was needed most. Previously the trend was to ‘hang on’ to machinery until the price changed, but unfortunately the time came when this machinery had to be sold. Whilst smaller projects still moved forward, there was a need for lighter machines such as graders, dozers, backhoes and wheeled loaders. CAT was still the number one make of choice however demand has shifted to older, low hours models up to the six years old, as new machines were still hard to come by.

bauma China 2012: Purchase requirements and investments boost the development of construction machinery

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Back | Posted on September 7, 2012 by Chris

Visitor online pre-registration is in full swing: please visit www.b-china.cn
Pre-registered visitors enjoy free entry; while visitors who don’t pre-register but buy a ticket on site should pay 50 RMB for 4 days

Visitors around the world register online actively

bauma China 2012 online registration system has opened for over a month. At present, visitors from more that 50 countries and regions, have pre-registered online. The most active visitors are from India, Russia, U.S.A., Singapore, Malaysia, Japan, etc. According to the pre-registration, bauma China 2012 is expected to attract many professional visitors from emerging markets coming for business and information. Furthermore, in order to improve the quality of visitors and efficiency of exhibition service, bauma China 2012 implements the ticket fee system. Each of 4-day exhibition visit costs 50 RMB, but it is totally free of charge for online pre-registered visitors. Now you can register on www.b-china.cn and benefit from free entry and avoid long waiting times at the venue.

Investments in constructions promote the industry rebound

It’s less than 3 months from the opening of bauma China 2012. Recent news about construction investment gives confidence in the fourth quarter performance of construction machinery. The data released by the Ministry of Railways recently, show that the fixed investment in the whole railway will be improved, mainly an increase of 64 billion RMB infrastructure investments, which makes the annual infrastructure investment reaches 470 billion RMB. According to another report, with the support of national policies, the excavation machinery as the key equipment for tunnel construction of urban rail transportation, water conservancy, highway, railway and municipal engineer, has a huge market demand. In the next 5-10 years, the demand for all kinds of new face tunnel boring machines should be about 1,000 units worthy of no less than 50 billion RMB. With the opportunities of construction investment, the enterprises should also improve the technology innovation, market strategy, customer focus, and comprehensive competiveness. Those are the core of sustainable development. Read More…

Posted in Asia, Bauma, China, Construction, Construction Equipment, Exhibitions, Industry News, Manufacturers, Moffat Consulting & Technology, News | Comments off

Easy mobile access to new & used plant equipment information

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Back | Posted on August 9, 2012 by Chris

Moffat Consulting & Technology optimise website for mobile users and release upgraded version of the ResaleWeekly iPhone APP

Machinery professionals looking to buy or sell heavy plant, equipment or spares anywhere around the globe can now access the latest, up-to-the-minute information on what’s available, where and at what price, with the release of the latest free to download iPhone version of the ResaleWeekly App and the optimisation of the website for other Smartphone and mobile users.

Not just another mobile tool, this is the most convenient and effective way for busy plant operators, who are often constantly on the move, to access details of global machinery and heavy plant available for sale anywhere in the world – be it at auction, through a dealership network or by private sale – and covers all the requirements for the construction, transportation, materials handling, agricultural, forestry and mining sectors, amongst others.

Designed to operate with the latest iPhone operating system, Version 2.0 of the ResaleWeeky App has been totally reworked for quicker loading and image download, better page pagination and includes Retina optimisation. The simultaneous upgrade to the mobile web version also means that other Smartphone users benefit from many of the performance improvements. Read More…

Posted in Europe, Industry News, Moffat Consulting & Technology, ResaleWeekly Mobile App, UK | Comments off

Moffat Consulting & Technology / Resale Weekly develops interactive information application (App) for European Plant & Machinery Sales

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Back | Posted on July 9, 2012 by Chris

Leading used equipment and machinery suppliers – European Plant and Machinery Sales – is the latest company to have a new interactive iPhone / iPad Application (App) developed for them by Moffat Consulting & Technology, the technology arm of Resale Weekly.

European Plant and Machinery Sales wanted to help improve the overall satisfaction and efficiency of potential buyers and sellers in the global marketplace. By partnering with Moffat Consulting & Technology to help solve this business challenge, they designed and created an application (App) for the business that could be viewed on smart phones and tablets by prospective buyers and sellers.

The new EPM App, as it has become known, enables the user to browse equipment by category (for example Excavators or Wheeled Loaders) to produce a subset listing of machinery that is displayed in a digital ‘stock book’, outlining available products classified by: model, year, hours, location, with the addition of the price and include a recent photograph. Read More…

Posted in Blog Posts, Construction, Europe, Industry News, Manufacturers, Moffat Consulting & Technology, UK | Comments off

Caterpillar Reports Record Quarterly Profit; Company Raises 2012 Profit Outlook

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Back | Posted on April 26, 2012 by Chris

First-Quarter Sales and Revenues Increase 23 Percent, Profit Per Share Up 29 Percent

PEORIA, Ill. — Growth in mining, strong replacement demand for products in the United States and a continued focus on cost management helped Caterpillar Inc. (NYSE: CAT) deliver record quarterly profit per share of $2.37 in the first quarter of 2012. This represents an increase of 29 percent from first-quarter 2011 profit per share of $1.84. First-quarter 2012 sales and revenues of $15.981 billion were up 23 percent from $12.949 billion in the first quarter of 2011. Profit was a record $1.586 billion in the quarter, an increase of 29 percent from $1.225 billion in the first quarter of 2011.

“These outstanding results demonstrate our continued focus on execution and controlling costs as we increase production and expand capacity to meet increasing demand from our customers. We’re seeing strong global demand for most mining products and significant growth in replacement demand for products in the United States, which more than offset slowing in China and Brazil,” said Caterpillar Chairman and Chief Executive Officer Doug Oberhelman. “During the quarter, I visited Caterpillar facilities, customers, suppliers and dealers around the world, and saw firsthand the progress we are making on safety, product quality, improved delivery times, factory efficiencies and customer service. These improvements have been impressive considering they’ve occurred while we have so much going on—we are building new facilities, expanding existing facilities, integrating acquisitions and continuing the introduction of new products,” Oberhelman added.
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Posted in Blog Posts, Caterpillar, Caterpillar, Construction Equipment, Industry News, Manufacturers, News | Comments off

Moffat Publishing / Resale Weekly develops interactive information APPS for Caterpillar Inc

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Back | Posted on April 3, 2012 by Chris

Another chapter in the online publishing revolution has just been written by Moffat Consulting & Technology, the publishers of Resale Weekly after signing a long-term syndication agreement with Caterpillar Inc to deliver its new or used equipment information globally through a specially developed portal and a CatUsed iPhone application.

Already the world’s leading journal for construction plant, commercial vehicles and equipment, Resale Weekly recently extended its activities into building dynamic websites and the latest interactive mobile applications for the iPhone and other smartphones.

The new interactive applications move Caterpillar Inc, the world’s leading manufacturer of construction and mining equipment, to the next level, enabling them to more effectively manage their online marketing strategies and provide users with immediate access to performance listings as well as extensive information from across the global Caterpillar Dealer Network.

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