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| Caterpillar updates analysts on execution of corporate strategy Caterpillar Chairman and Chief Executive Officer Jim Owens told a group of financial analysts and institutional stockholders that the company is clearly focused on executing its enterprise strategy, which puts a strong emphasis on safety, quality and velocity. 2006 is expected to be the fourth consecutive year of double digit profit growth, and the third consecutive year of record sales and profit. The preliminary outlook for 2007 reflects another positive year with sales and revenues flat to up 5 percent and profit per share flat to 10 percent higher than 2006. Highlights of Owens' strategy update included: Line of sight to $50+ billion of sales and revenues by 2010; Profit per share growth in a range of 15 to 20 percent through 2010; Strong cash flow through the end of the decade to fund continued growth and reward stockholders with continued dividend growth; Strong internal focus on safety, quality and velocity with implementation of the Caterpillar Production System; Continued focus on products, technology, and product support to deliver the best value to customers; Continued growth in less cyclical service-related businesses. write your comments about the article :: © 2006 Construction News :: home page |