AND JOHN DEERE
AND JOHN DEERE
TABLE OF CONTENTS:
* EXECUTIVE SUMMARY
* BUSINESS OVERVIEW
* FINANCIAL ANALYSIS
* FINANCIAL OUTLOOK
While the economic downturn slowed business activities worldwide in 2009, Caterpillar Inc. and John Deere continued to deliver strong financial results in 2010. Caterpillar and John Deere stayed true to their mission and vision and business strategies to achieve solid results as they go through 2010. Sales, profit margin, and earnings per share have increased for both Caterpillar and John Deere in 2010. Both companies operate with excellence, execute with a focus on customer satisfaction, and build a balanced portfolio for their investors. While most of companies are still coping with the financial meltdown, Caterpillar and John Deere have strengthened by their global strategic operations, lean organizational structure, and expansion for future growth opportunities. Caterpillar and John Deere’s balanced portfolio position themselves as one of the best companies to invest in.
Caterpillar Inc. provides construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. The Company operates primarily through three lines of business: Machinery, Engines and Financial Products. Machinery includes the design, manufacture, marketing and sales of construction, mining and forestry machinery. Engines line of business includes the design, manufacture, marketing and sales of engines for Caterpillar machinery, electric power generation systems, locomotives, marine, petroleum, and construction, industrial, agricultural and other applications and related parts. Financial Products line of business consists primarily of Caterpillar Financial Services Corporation (Cat Financial), Caterpillar Insurance Holdings, Inc. (Cat Insurance) and their respective subsidiaries.
Machinery includes the design, manufacture, marketing and sales of construction, mining and forestry machinery, such as track and wheel tractors, track and wheel loaders, pipe layers, motor graders, wheel tractor-scrapers, track and wheel excavators, backhoe loaders, log skidders, log loaders, off-highway trucks, articulated trucks, paving products, skid steer loaders, underground mining equipment, tunnel boring equipment and related parts. It also includes logistics services for other companies and the design, manufacture, remanufacture, maintenance and services of rail-related products. Caterpillar’s logistics business provides integrated supply chain services for Caterpillar and 50 other companies worldwide.
The Company designs, manufactures, markets and sells diesel, heavy fuel and natural gas reciprocating engines for Caterpillar machinery, electric power generation systems, locomotives, marine, petroleum, construction, industrial, agricultural and other applications. In addition, Caterpillar provides industrial turbines and turbine related services for oil and gas and power generation applications. Its services also include remanufacturing of Caterpillar engines and a variety of Caterpillar machine and engine components, and remanufacturing services for other companies. Reciprocating engines meet power needs ranging from 10 to 21,800 horsepower (8 to over 16 000 kilowatts). The turbines range from 1,600 to 30,000 horsepower (1 200 to 22 000 kilowatts).
Cat Financial’s primary business is to provide retail and wholesale financing alternatives for Caterpillar products to customers around the world. Retail financing is primarily comprised of financing of Caterpillar equipment, machinery and engines. In addition, Cat Financial also provides financing for vehicles, power generation facilities and marine vessels that, in most cases, incorporate Caterpillar products. In addition to retail financing, Cat Financial provides wholesale financing to Caterpillar dealers and...