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Cat CEO Not Optimistic For Rest of 2015

Despite a strong first quarter, Caterpillar’s CEO Doug Oberhelman warned: Don’t expect a repeat.

April 27, 2015

Despite a strong first quarter, Caterpillar’s CEO Doug Oberhelman warned: Don’t expect a repeat.

Caterpillar reported earnings of $1.86 a share, which included a 14 cent gain on an asset sale. Adjusted earnings came out to $1.72 a share.

Oberhelman told CNBC he's pleased with the results, but said, "We will not repeat this quarter the rest of the year because we're aimed at $50 billion in sales [for 2015] ... which is going to be a challenging year."

 

Source: CNBC

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