DOCSLIB.ORG

Our Core Business Globally

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Our Core Business Globally Our three-pillar strategy tructure S Competitive ost C Great Profitable GROWING rowth G Cost Products + + Growth our core business Structure reat Products ompetitive Profitable Profitable G EXPANDING C globally Net Sales and Revenues Net Income Attributable to Navistar Diluted Earnings (Loss) Per Share Manufacturing Segment Profit In millions of dollars International Corporation In millions In millions of dollars (unaudited)4 $15,000 $300 $4.50 $900 IC BUS MN25 $12,000 $200 $3.00 $720 powered by MaxxForce powered by 2010 Annual Report to Shareholders MaxxForce $9,000 $100 $1.50 $540 $6,000 $0 $0 $360 Navistar International Corporation 4201 Winfield Road Warrenville, IL 60555 $3,000 $(100) $(1.50) $180 www.navistar.com $0 $(200) $(3.00) $0 07 08 09 10 07 08 09 10 07 08 09 10 07 08 09 10 TErrasTAR Financial Summary powered by In millions of dollars (except per share data) 2007 20081 20092 20103 MaxxForce Net Sales and Revenues $12,295 $14,724 $11,569 $12,145 Net Income (Loss) Attributable to Navistar International Corporation $(120) $134 $320 $223 Diluted Earnings (Loss) Per Share $(1.70) $1.82 $4.46 $3.05 Manufacturing Segment Profit (Unaudited & Non-GAAP)4 $462 $ 693 $836 $741 1Excluding impairment of property and equipment and related charges of $395 million and the related tax expense of $1 million, fiscal 2008 net income would have totaled $528 million, or $7.21 of diluted earnings per share. 2Excluding the Ford settlement of $160 million and the related tax expense of $3 million, impairment of property and equipment of $31 million related to the idling of manufacturing facilities, and an $11 million write-off of debt issuance costs related to the company’s refinancing, fiscal 2009 net income would have totaled $205 million, or $2.86 of diluted earnings per share. 3 PROSTar Includes benefit of $27 million related to Ford settlement. powered by 4The manufacturing segment collectively represents the company’s truck, engine and parts segments. MaxxForce Stock Performance 2006 2007 2008 2009 2010 $250 $200 Navistar 100.76 228.92 109.45 120.42 175.07 $150 S&P 500 116.34 133.28 85.17 93.52 108.97 $100 S&P Construction & Farm 127.09 186.91 90.16 124.72 197.56 $50 06 07 08 09 10 – Navistar – S&P 500 – S&P 500 Construction & Farm Machinery & Heavy Trucks Index CONTROLLING OUR DESTINY AND LEVERAGING OUR ASSETS This graph shows the yearly percentage change in the cumulative total shareowner return on Navistar Common Stock during the last five fiscal years ended October 31. The graph also shows the cumulative total returns of the S&P 500 Index and the S&P Construction & Farm Index. The comparison assumes $100 was invested on October 31, 2005, in Navistar Common Stock and in each of the indices shown E Printed on recycled paper and assumes reinvestment of dividends. Source: Standard & Poor’s Compustat 2010 Annual Report to Shareholders BOARD OF DIRECTORS Michael N. Hammes William H. Osborne Daniel C. Ustian Lead Director, Retired Chairman and Chief Former President & CEO of Federal Chairman, President and Chief Executive Officer of Sunrise Medical Inc., Signal Corporation, a manufacturer and Expanding Product Lineup Leverages Our Assets, Positions Us for Growth Executive Officer of Navistar a designer, manufacturer and marketer marketer of fire, safety and municipal International Corporation of home medical equipment worldwide infrastructure equipment Committee: 1 Committees: 1, 2, 3 (Chair), 4 (Chair) Committee: 4 2007 2011 Eugenio Clariond David D. Harrison Dennis D. Williams Retired Chairman and Chief Executive Retired Executive Vice President and Secretary, Treasurer and Director of Agricultural Officer of Group IMSA, S.A., a producer Chief Financial Officer of Pentair, Inc., Implement and Transnational Departments, of steel, plastic, aluminum and other a global manufacturing company United Auto Workers, an international union related products Committees: 2, 5 Committee: 4 Common Platform Common Platform Global Powertrain Committees: 3, 4 James H. Keyes COMMITTEES: John D. Correnti Retired Chairman of the Board of 1. Executive Chairman and Chief Executive Officer of Johnson Controls, Inc., an automotive 2. Compensation Steel Development Company, LLC, a steel system and facility management and 3. Nominating and Governance mill operational and development company control company 4. Finance Committees: 2 (Chair), 3, 5 Committees: 1, 2, 3, 5 (Chair) 5. Audit Diane H. Gulyas Steven J. Klinger President of Performance Polymers, which President and Chief Operating Officer contains three business units—engineering of Smurfit-Stone Container Corporation, WorkStar DuraStar 9900 DuraStar ProStar+ Vesta MN25 polymers, elastomers and films—E.I. duPont a global paperboard and paper-based 4.8L 7.2L de Nemours & Company, a science- packaging company based products and services company Committees: 2, 5 Committee: 4 SHAREHOLDER INFORMATION SEC Filings Stock Trading Information Annual Meeting Filings with the U.S. Securities and Navistar International Corporation is The annual meeting of shareholders Exchange Commission, including listed on the New York Stock Exchange. WorkStar LoneStar Continental Mixer 9900 will be held at 11:00 a.m. Central time the latest 10-K and proxy statement, Ticker Symbol: NAV Tuesday, February 15, 2011, at: are available on our Website at http://ir.navistar.com/ Independent Auditor School Bus TranStar 9200/9400 9.3L Hilton Chicago KPMG LLP 720 South Michigan Avenue Transfer Agent 303 East Wacker Drive Chicago, IL 60603 For inquiries regarding name changes, Chicago, IL 60601 7 DT & 10 USA changes of address or missing Engines certificates, please contact our Corporate Headquarters Investor Relations shareholder service provider: Navistar International Corporation For information about shareholder BNY Mellon Shareowner Services 4201 Winfield Road 7 Purchased Engines matters, please contact the investor P.O. Box 3315 Warrenville, IL 60555 School Bus TranStar eStar ATX-6 relations team: South Hackensack, NJ 07606-1915 Telephone: (630) 753-5000 Website: http://ir.navistar.com/ 480 Washington Blvd. Telephone: (630) 753-2143 Jersey City, NJ 07310 Email: [email protected] Telephone: (888) 884-9359 REG G GAAP RECONCILIATION FY 2007 FY 2008 FY 2009 FY 2010 11 & 13 15 ($ Millions except per share data) Manufacturing segment profit* (excluding items listed below) $462 $1,088 $707 $741 Ford settlement net of related charges - (37) 160 - Impairment of property, plant and equipment - (358) (31) - DT & 10 MaxxPro MXT 9200/9400 Manufacturing Segment Profit* 462 693 836 741 Corporate items (excluding items listed below) (435) (322) (418) (450) Cummins ISX Write-off debt issuance cost (31) - (11) - Total Corporate Items (466) (322) (429) (450) Interest Expense, Corporate (196) (156) (90) (140) Financial Services profit (loss) 127 (24) 40 95 Subtotal–below the line (535) (502) (479) (495) Income (loss) excluding income tax (73) 191 357 246 Income tax expense (47) (57) (37) (23) Net Income (loss) attributable to Navistar International Corporation (120) 134 320 223 Diluted earnings per share attributable to Navistar International Corporation (excluding items listed below) (1.27) 7.21 2.86 3.05 7000 Series TerraStar PayStar Ford settlement net of related charges - (0.50) 2.19 - Impairment of property, plant and equipment - (4.89) (0.43) - Write-off debt issuance cost (0.43) - (0.16) - Diluted earnings (loss) per share ($’s) attributable to Navistar International Corporation (1.70) 1.82 4.46 3.05 Weighted average shares outstanding: diluted (millions) 70.3 73.2 71.8 73.2 * Includes: non-controlling interest in net income of subsidiaries net of tax; extraordinary gain net of tax CAT C15 The financial measures presented above are unaudited non-GAAP. This is not in accordance with, or an alternative for, U.S. generally accepted accounting principles (GAAP). The non-GAAP financial information presented herein should be considered supplemental to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. However, we believe that non-GAAP reporting, giving effect to the adjustments shown in the reconciliation above, provides meaningful information and therefore we use it to supplement our GAAP reporting by identifying items that may not be related to the core manufacturing business. Management often uses this information to assess and measure the performance of our operating segments. We have chosen to provide this supplemental information to investors, analysts and other interested parties to enable them to perform additional analyses of operating results, to illustrate the results of operations giving effect to the non-GAAP adjustments shown in the above reconciliations, and to provide an additional measure of performance. FORWARD-LOOKING STATEMENTS 7000-MV AC Bus DuraStar Hybrid Information provided and statements contained in this report that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (“Securities Act”), Section 21E of the Securities Exchange Act of 1934, as amended (“Exchange Act”), and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements only speak as of the date of this report and the Company assumes no obligation to update the information included in this report. Such forward-looking statements include information concerning our possible or assumed future results of operations, including descriptions of our business strategy. These statements often include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or similar expressions. These statements are not guarantees of performance or results and they involve risks, uncertainties, and assumptions. For a further description of these factors, see Item 1A. Risk Factors of our Form 10-K for the fiscal year ended October 31, 2009, which was filed on December 21, 2009. Although we believe that these forward-looking statements are based on reasonable assumptions, there are many factors that could affect our actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements.
Load more

Recommended publications
  • List of Marginable OTC Stocks
    List of Marginable OTC Stocks @ENTERTAINMENT, INC. ABACAN RESOURCE CORPORATION ACE CASH EXPRESS, INC. $.01 par common No par common $.01 par common 1ST BANCORP (Indiana) ABACUS DIRECT CORPORATION ACE*COMM CORPORATION $1.00 par common $.001 par common $.01 par common 1ST BERGEN BANCORP ABAXIS, INC. ACETO CORPORATION No par common No par common $.01 par common 1ST SOURCE CORPORATION ABC BANCORP (Georgia) ACMAT CORPORATION $1.00 par common $1.00 par common Class A, no par common Fixed rate cumulative trust preferred securities of 1st Source Capital ABC DISPENSING TECHNOLOGIES, INC. ACORN PRODUCTS, INC. Floating rate cumulative trust preferred $.01 par common $.001 par common securities of 1st Source ABC RAIL PRODUCTS CORPORATION ACRES GAMING INCORPORATED 3-D GEOPHYSICAL, INC. $.01 par common $.01 par common $.01 par common ABER RESOURCES LTD. ACRODYNE COMMUNICATIONS, INC. 3-D SYSTEMS CORPORATION No par common $.01 par common $.001 par common ABIGAIL ADAMS NATIONAL BANCORP, INC. †ACSYS, INC. 3COM CORPORATION $.01 par common No par common No par common ABINGTON BANCORP, INC. (Massachusetts) ACT MANUFACTURING, INC. 3D LABS INC. LIMITED $.10 par common $.01 par common $.01 par common ABIOMED, INC. ACT NETWORKS, INC. 3DFX INTERACTIVE, INC. $.01 par common $.01 par common No par common ABLE TELCOM HOLDING CORPORATION ACT TELECONFERENCING, INC. 3DO COMPANY, THE $.001 par common No par common $.01 par common ABR INFORMATION SERVICES INC. ACTEL CORPORATION 3DX TECHNOLOGIES, INC. $.01 par common $.001 par common $.01 par common ABRAMS INDUSTRIES, INC. ACTION PERFORMANCE COMPANIES, INC. 4 KIDS ENTERTAINMENT, INC. $1.00 par common $.01 par common $.01 par common 4FRONT TECHNOLOGIES, INC.
    [Show full text]
  • Part 573 Safety Recall Report 15V-872
    OMB Control No.: 2127-0004 Part 573 Safety Recall Report 15V-872 Manufacturer Name : Allied Recreation Group, Inc. Submission Date : JAN 05, 2016 NHTSA Recall No. : 15V-872 Manufacturer Recall No. : 151216REV Manufacturer Information : Population : Manufacturer Name : Allied Recreation Group, Inc. Number of potentially involved : 2,062 Address : 1031 U.S. 224 E Estimated percentage with defect : 3 P.O. Box 31 Decatur IN 46733 Company phone : 800 509 3417 Vehicle Information : Vehicle : 2010-2011 Holiday Rambler Admiral Vehicle Type : LOW VOLUME VEHICLES Body Style : OTHER Power Train : GAS Descriptive Information : Class A Motorhome; Model codes 30SFS, 33SDD, 33SFS, 34SBD, and 35SFD Production Dates : JUN 20, 2009 - NOV 04, 2010 VIN (Vehicle Identification Number) Range Begin : NR End : NR Not sequential VINs Vehicle : 2009-2014 Holiday Rambler Ambassador Vehicle Type : LOW VOLUME VEHICLES Body Style : OTHER Power Train : DIESEL Descriptive Information : Class A Motorhome; Model codes 36PBD, 36PFT, 36PFT2, 38PFT, 40DFT, 40PBQ, 40PBQ2, 40PBT, 40PDQ, 41SKQ, and 41SKQ10 Production Dates : OCT 06, 2008 - MAY 08, 2013 VIN (Vehicle Identification Number) Range Begin : NR End : NR Not sequential VINs Vehicle : 2010-2010 Holiday Rambler Arista Vehicle Type : LOW VOLUME VEHICLES Body Style : OTHER Power Train : GAS Descriptive Information : Class A Motorhome; Model codes 30PBS, 32SBT, 33SDD, and 34SBD Production Dates : JUN 20, 2009 - AUG 06, 2010 The information contained in this report was submitted pursuant to 49 CFR §573 Part 573 Safety Recall
    [Show full text]
  • Appendix a CATERPILLAR INC. GENERAL and FINANCIAL
    Appendix A CATERPILLAR INC. GENERAL AND FINANCIAL INFORMATION 2012 A-1 TABLE OF CONTENTS Page Management’s Report on Internal Control Over Financial Reporting ................................ A-3 Report of Independent Registered Public Accounting Firm .......................................... A-4 Consolidated Financial Statements and Notes ......................................................... A-5 Five-year Financial Summary............................................................................. A-62 Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A) Overview .............................................................................................. A-63 2012 Compared with 2011 .......................................................................... A-63 Fourth Quarter 2012 Compared with Fourth Quarter 2011 ...................................... A-68 2011 Compared with 2010 .......................................................................... A-73 Acquisitions and Divestitures ....................................................................... A-77 Glossary of Terms .................................................................................... A-81 Liquidity and Capital Resources .................................................................... A-83 Critical Accounting Policies ......................................................................... A-85 Global Workforce ..................................................................................... A-88
    [Show full text]
  • Page 1 of 32 VEHICLE RECALLS by MANUFACTURER, 2000 Report Prepared 1/16/2008
    Page 1 of 32 VEHICLE RECALLS BY MANUFACTURER, 2000 Report Prepared 1/16/2008 MANUFACTURER RECALLS VEHICLES ACCUBUIL T, INC 1 8 AM GENERAL CORPORATION 1 980 AMERICAN EAGLE MOTORCYCLE CO 1 14 AMERICAN HONDA MOTOR CO 8 212,212 AMERICAN SUNDIRO MOTORCYCLE 1 2,183 AMERICAN SUZUKI MOTOR CORP. 4 25,023 AMERICAN TRANSPORTATION CORP. 5 1,441 APRILIA USA INC. 2 409 ASTON MARTIN 2 666 ATHEY PRODUCTS CORP. 3 304 B. FOSTER & COMPANY, INC. 1 422 BAYERISCHE MOTOREN WERKE 11 28,738 BLUE BIRD BODY COMPANY 12 62,692 BUELL MOTORCYCLE CO 4 12,230 CABOT COACH BUILDERS, INC. 1 818 CARPENTER INDUSTRIES, INC. 2 6,838 CLASSIC LIMOUSINE 1 492 CLASSIC MANUFACTURING, INC. 1 8 COACHMEN INDUSTRIES, INC. 8 5,271 COACHMEN RV COMPANY 1 576 COLLINS BUS CORPORATION 1 286 COUNTRY COACH INC 6 519 CRANE CARRIER COMPANY 1 138 DABRYAN COACH BUILDERS 1 723 DAIMLERCHRYSLER CORPORATION 30 6,700,752 DAMON CORPORATION 3 824 DAVINCI COACHWORKS, INC 1 144 D'ELEGANT CONVERSIONS, INC. 1 34 DORSEY TRAILERS, INC. 1 210 DUTCHMEN MANUFACTURING, INC 1 105 ELDORADO NATIONAL 1 173 ELECTRIC TRANSIT, INC. 1 54 ELGIN SWEEPER COMPANY 1 40 E-ONE, INC. 1 3 EUROPA INTERNATIONAL, INC. 2 242 EXECUTIVE COACH BUILDERS 1 702 FEATHERLITE LUXURY COACHES 1 83 FEATHERLITE, INC. 2 3,235 FEDERAL COACH, LLC 1 230 FERRARI NORTH AMERICA 8 1,601 FLEETWOOD ENT., INC. 5 12, 119 FORD MOTOR COMPANY 60 7,485,466 FOREST RIVER, INC. 1 115 FORETRAVEL, INC. 3 478 FOURWINNS 2 2,276 FREIGHTLINER CORPORATION 27 233,032 FREIGHTLINER LLC 1 803 GENERAL MOTORS CORP.
    [Show full text]
  • Navistar International Corp. Fundamental Company Report
    +44 20 8123 2220 [email protected] Navistar International Corp. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis https://marketpublishers.com/r/N5A52F82B93BEN.html Date: September 2021 Pages: 50 Price: US$ 499.00 (Single User License) ID: N5A52F82B93BEN Abstracts Navistar International Corp. Fundamental Company Report provides a complete overview of the company’s affairs. All available data is presented in a comprehensive and easily accessed format. The report includes financial and SWOT information, industry analysis, opinions, estimates, plus annual and quarterly forecasts made by stock market experts. The report also enables direct comparison to be made between Navistar International Corp. and its competitors. This provides our Clients with a clear understanding of Navistar International Corp. position in the Heavy Machinery Industry. The report contains detailed information about Navistar International Corp. that gives an unrivalled in-depth knowledge about internal business-environment of the company: data about the owners, senior executives, locations, subsidiaries, markets, products, and company history. Another part of the report is a SWOT-analysis carried out for Navistar International Corp.. It involves specifying the objective of the company's business and identifies the different factors that are favorable and unfavorable to achieving that objective. SWOT-analysis helps to understand company’s strengths, weaknesses, opportunities, and possible threats against it. The Navistar International Corp. financial analysis covers the income statement and ratio trend-charts with balance sheets and cash flows presented on an annual and quarterly basis. The report outlines the main financial ratios pertaining to profitability, margin analysis, asset turnover, credit ratios, and Navistar International Corp.
    [Show full text]
  • 220648581.Pdf
    • LIST OF MARGINABLE OTC STOCKS 1 AND LIST OF FOREIGN MARGIN STOCKS 2 AS OF • November 12, 1996 • The List of Marginable OTC Stocks and the List of Foreign Margin Stocks are published quarterly by the Board of Governors of the Federal Reserve System (the Board). I. The List of Marginable OTC Stocks is composed of stocks traded in the United States over-the-counter (OTC) that have been determined by the Board to be subject to margin requirements as of November 12, 1996, pursuant to Section 207.6 of Federal Reserve Regulation G, "Securities Credit by Persons Other Than Banks, Brokers, or Dealers," Section 220.17 of Regulation T, "Credit by Brokers and Dealers," and Section 221.7 of Regulation U, "Credit by Banks for the Purpose of Purchasing or Carrying Margin Stocks." It also includes all OTC stocks designated as National Market • System (NMS) securities. Additional NMS securities may be added in the interim between Board quarterly publications; these securities are immediately marginable upon designation as NMS securities. The names of these securities are available at the National Association of Securities Dealers, Inc. and at the Securities and Exchange Commission. This List supersedes the previous List of Marginable OTC Stocks published effective August 12, 1996 . • The List of Foreign Margin Stocks is composed of foreign equity securities that have met the Board's eligibility criteria, pursuant to Regulation T, Section 220.17. These foreign equity securities are eligible for margin treatment at broker-dealers on the same basis as domestic margin securities. This list supersedes the previous List of Foreign Margin Stocks published effective August 12, 1996.
    [Show full text]
  • Todays Tr Masters.Qxd
    TRANSMISSIONS : est-il temps d’automatiser? – Page 30 Le magazine d’affaires de l’industrie québécoise du camionnage Enregistrement 10787 No. e Notre-Dame Ouest, Montréal (QC) H4C 1V4 Ouest, e Notre-Dame PLEIN GAZ! LE GROUPE ROBERT INAUGURE SES INSTALLATIONS DE RAVITAILLEMENT EN GNL Page 10 Novembre 2011 www.transportroutier.ca PLUS: ◗ Préparer ses véhicules et ses chauffeurs pour l’hiver Page 23 ◗ Un «cinq étoiles» sur dix roues Page 36 Enregistrement des postes canadiennes pour ventes de produits no41590538. Port de retour garanti. Newcom Média Québec, 6450, ru 6450, Média Québec, Newcom garanti. Port de retour no41590538. de produits canadiennes des postes pour ventes Enregistrement Faites le plein avec le bleu pour bien moins LE GAZ NATUREL POUR VÉHICULES LOURDS : LA SOLUTION ÉCONOMIQUE ET ÉCOLOGIQUE POUR FAIRE ROULER VOS AFFAIRES Économisez de 20 % à 40 %* sur vos coûts de carburant et réduisez les émissions de gaz à effet de serre de 20 % à 25 % en passant au gaz naturel pour véhicules lourds – une solution novatrice pour faire face aux nouveaux défi s du transport. Pas surprenant que de gros joueurs comme Transport Robert et EBI-Environnement l’aient adoptée ! À titre de chef de fi le du gaz naturel pour véhicules lourds au Canada, nous vous offrons un service clés en main qui couvre chaque étape du processus : Évaluation technique du potentiel de migration vers le gaz naturel de votre fl otte de véhicules; Analyse technico-économique et scénario de rentabilité complet; Gestion de projet et construction des stations d’approvisionnement; Livraison et ravitaillement en gaz naturel pour véhicules; Opération et entretien des postes de ravitaillement; Service de dépannage 24 heures aux stations d’approvisionnement.
    [Show full text]
  • Funding US Military Operations Since 2001
    CHILDREN AND FAMILIES The RAND Corporation is a nonprofit institution that helps improve policy and EDUCATION AND THE ARTS decisionmaking through research and analysis. ENERGY AND ENVIRONMENT HEALTH AND HEALTH CARE This electronic document was made available from www.rand.org as a public service INFRASTRUCTURE AND of the RAND Corporation. TRANSPORTATION INTERNATIONAL AFFAIRS LAW AND BUSINESS Skip all front matter: Jump to Page 16 NATIONAL SECURITY POPULATION AND AGING PUBLIC SAFETY Support RAND SCIENCE AND TECHNOLOGY Browse Reports & Bookstore TERRORISM AND Make a charitable contribution HOMELAND SECURITY For More Information Visit RAND at www.rand.org Explore the Pardee RAND Graduate School View document details Limited Electronic Distribution Rights This document and trademark(s) contained herein are protected by law as indicated in a notice appearing later in this work. This electronic representation of RAND intellectual property is provided for non- commercial use only. Unauthorized posting of RAND electronic documents to a non-RAND website is prohibited. RAND electronic documents are protected under copyright law. Permission is required from RAND to reproduce, or reuse in another form, any of our research documents for commercial use. For information on reprint and linking permissions, please see RAND Permissions. This product is part of the Pardee RAND Graduate School (PRGS) dissertation series. PRGS dissertations are produced by graduate fellows of the Pardee RAND Graduate School, the world’s leading producer of Ph.D.’s in policy analysis. The dissertation has been supervised, reviewed, and approved by the graduate fellow’s faculty committee. Paying for War Funding U.S. Military Operations Since 2001 Aaron L.
    [Show full text]
  • Caterpillar Inc. 4Q 2011 Earnings Release
    January 26, 2012 Caterpillar Inc. 4Q 2011 Earnings Release FOR IMMEDIATE RELEASE Caterpillar Reports Record Sales and Profit for the Fourth Quarter and Full-Year 2011; 2011 Profit up 83 Percent from 2010 Momentum Carries into 2012 with Sales and Revenues Outlook Raised to $68 to $72 Billion PEORIA, Ill.— Driven by outstanding execution and stronger global demand, Caterpillar Inc. (NYSE: CAT) delivered record-breaking 2011 sales and revenues of $60.138 billion, an increase of 41 percent from $42.588 billion in 2010. Profit in 2011 was $4.928 billion, an increase of 83 percent from $2.700 billion in 2010. Profit per share of $7.40 was up 78 percent from $4.15 in 2010. Excluding the impact of the acquisition of Bucyrus International, Inc. (Bucyrus), 2011 profit was $7.79 per share, up 88 percent from a year ago. Fourth-quarter sales and revenues in 2011 were an all-time quarterly record at $17.243 billion, an increase of 35 percent compared with $12.807 billion in the fourth quarter of 2010. Fourth-quarter profit was $1.547 billion compared with $968 million in the fourth quarter of 2010. Profit of $2.32 per share was 58 percent higher than the $1.47 per share in the fourth quarter of 2010. “Our strategy is squarely focused on customers, and in 2011 our employees, suppliers and dealers delivered. We improved product quality, invested significantly in manufacturing capacity and product development, and improved our market position. We completed two large acquisitions—Bucyrus and Motoren- Werke Mannheim Holding GmbH (MWM)—in important growth industries that are a great strategic fit and provide our customers an even broader range of products,” said Caterpillar Chairman and Chief Executive Officer Doug Oberhelman.
    [Show full text]
  • 2012 QEP Roster (By Last Name)
    2012 QEP Roster (By Last Name) Abu Shaban, Ossama Alauddin, Tariq County of Orange - Environmental Health Saudi International Petrochemical Company Huntington Beach, CA 92648 Jubail, 31961 United States Saudi Arabia QEP QEP Joined IPEP on: 1/1/2010 Joined IPEP on: 3/8/2006 Abuzaid, Nabil Albert, Steven Center for Environment & Water Research AECOM Environment Institute Piscataway, NJ 08854 Dhahran, United States SAUDI ARABIA QEP QEP Joined IPEP on: 12/16/1996 Joined IPEP on: 4/12/2007 Albertyn, Christiaan Adkisson, Thomas C & M Consulting Engineers Tetra Tech EM Inc. Lynnwood Ridge, Gauteng 0040 Oakland, CA 94612 South Africa United States QEP QEP Joined IPEP on: 6/25/2001 Joined IPEP on: 8/30/2010 Al-Ghamdi, Seraj Ahmad Nagoo, Muneer Saudi Arabian Oil Company (Saudi Aramco) SABIC Dharhan, 31311 Srinagar Kashmir, 190003 Saudi Arabia India QEP QEP Joined IPEP on: 7/22/2005 Joined IPEP on: 10/1/2008 Al-Harbi, Nassir Ahnell, Gerald Saudi Aramco Hydro-Geo Services, Inc. Dhahran, Saudi Arabia 31311 New Cumberland, PA 17070 Saudi Arabia United States QEP QEP Joined IPEP on: 2/17/2010 Joined IPEP on: 5/31/1994 ALI KHAN, MOHAMMAD MUJAHID Al-Anazi, Khalaf MINISTRY OF THE ENVIRONMENT, ONTARIO Aramco Services Company SCARBOROUGH, ON M1V 5H3 Sugarland, TX 77479 Canada United States QEP QEP Joined IPEP on: 1/1/2012 Joined IPEP on: 7/10/1997 Alperin, Edward Solutions-IES, Inc. Raleigh, NC 27607 United States QEP Joined IPEP on: 7/18/1995 1 2012 QEP Roster (By Last Name) Anderson, Michael Al-Qahtani, Saeed Ali Abdul-rahman TRC Saudi Aramco Windsor, CT 06095 Dhahran, Saudi Arabia 31311 United States Saudi Arabia QEP QEP Joined IPEP on: 9/12/1997 Joined IPEP on: 9/30/2010 Apicella, James Al-Qahtani, Safar Alcoa-Cleveland Works Saudi Arabian Oil Company (Saudi Aramco) Cuyahoga Heights, OH 44105 Dharan, Eastern Province, 31311 United States Saudi Arabia QEP QEP Joined IPEP on: 5/24/1996 Joined IPEP on: 7/22/2005 Archer, Mary Ambrose, Thomas Florida Power & Light, Environmental Services HSE Management Port St.
    [Show full text]
  • Sect 1 Knight 02.Qxd
    Warranty ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ LIMITED WARRANTY • 1 LIMITED WARRANTY - ROADMASTER CHASSIS • 5 WARRANTY INFORMATION FILE • 8 MONACO COACH CORPORATION LIMITED WARRANTY LIMITED WARRANTY What the Period of Coverage Is: - 2002 Knight If you use your Monaco motorhome only for recreational travel and family camping purposes, the Limited Warranty provided by Monaco Coach Corporation ("Warrantor") covers your new motorhome when sold by an authorized dealer, for twelve (12) months from the original retail purchase date or the first 24,000 miles of use, whichever occurs first. However, the Limited Warranty provided by Warrantor covers the steel or aluminum frame structure of the sidewalls (excluding slide outs), roof, and rear and front walls for sixty (60) months from the original retail purchase date or the first 50,000 miles of use, whichever comes first. If you use your motorhome for any rental, commercial or business purposes whatsoever, the Limited Warranty provided by Warrantor covers your new motorhome when sold by an authorized dealer for ninety (90) days from the original retail purchase date or the first 24,000 miles of use, whichever occurs first. In addition, the Limited Warranty provided by Warrantor covers the steel or aluminum frame structure of the sidewalls (excluding slide outs), roof, and rear and front walls for twelve (12) months from the original purchase date or the first 24,000 miles of use, whichever comes first. A conclusive presumption that your motorhome has been used for commercial and/or business purposes arises if you have filed a federal or state tax form claiming any business tax benefit related to your ownership of the motorhome.
    [Show full text]
  • NC2, JAC Sign Framework Agreement to Pursue China Joint Venture
    NC2, JAC Sign Framework Agreement to Pursue China Joint Venture Venture Would Manufacture Trucks and Truck Parts for China WARRENVILLE, Ill., Sep 28, 2009 (BUSINESS WIRE) -- NC2 Global LLC and Anhui Jianghuai Automobile Co., Ltd. (600418: SHH) have signed a framework agreement to potentially establish a joint venture in China which would develop, manufacture and sell trucks and truck parts primarily in China and certain export markets. NC2 is the recently announced global commercial truck joint venture between Navistar International Corporation (NYSE: NAV) and Caterpillar Inc. (NYSE: CAT). Anhui Jianghuai Automobile Co., Ltd. (JAC) is a manufacturer of automobiles and trucks based in Anhui Province of the People's Republic of China (PRC). The proposed 50/50 joint venture would take advantage of the financial strength, technology know-how and global distribution network provided by NC2 and the existing medium duty and heavy-duty truck business of JAC, including its existing manufacturing facilities in PRC. "If we are able to reach a definitive agreement, this proposed joint venture would directly support NC2's strategy to produce and market a full line of commercial on-highway trucks for markets outside of North America," said Al Saltiel, president of NC2. "The opportunity to leverage existing JAC manufacturing facilities and business relationships has the potential to accelerate NC2's global business plans. We look forward to working with JAC to quickly bring exciting new products to market." There is also consideration that the joint venture would establish its own research and development center in PRC, utilizing a portion of JAC's existing R&D facilities.
    [Show full text]