Cat had a loss of 1.17 billion. Revenue was less than 10 billion. That is an absolutely huge loss. Some of the jobs are being transferred from Illinois to Illinois. Not exactly about leaving the tax heavy state of Illinois. I do not understand how with the economy getting stronger, that the earth moving equipment maker would be getting weaker.
Caterpillar is a global company.
If revenue was $10BN that’s where it was in the early 90’s.
That’s probably 4th Qtr. with a total of around $40BN for the year.
It’s a $25/share stock but it’s consistently trading around $92.
Go figure.
The heavy equipment industry had some really ba need years for a while. Cat grew quite a bit and it’s probably correcting now.
The heavy equipment industry had some really ba need years for a while. Cat grew quite a bit and it’s probably correcting now.
Hmmm, the City of Aurora is about 40 minutes from where I live in a Western suburb of Chicago. I’ve driven past their plant there. This is going to put a big hole in Aurora’s economy.