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Quarterly Results Overview Video
Caterpillar Group President and Chief Financial Officer Brad Halverson discusses the company's fourth-quarter 2015 and year-end financial results.
Thursday, January 28, 2016
10:00 AM Central Time
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Click here for 4Q15 Caterpillar Inc. Results Presentation
Each webcast contains certain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, the Risk Factors noted in the Earnings Release and the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update the information in each webcast, which speaks as of its date.
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"Cost management, restructuring actions and operational execution are helping the company while sales and revenues remain under pressure from weak commodity prices and slowing economic growth in developing countries. We took tough but necessary restructuring actions in 2015 – and they were significant. I am proud that our team stayed focused on our customers in this difficult environment. Our balance sheet is strong; our product quality remained at high levels; we gained market position for machines for the fifth year in a row; inventory levels have declined and are well positioned as we look forward to 2016; and our safety levels are world class. We are benefiting now and expect to even more in the future when markets rebound," said Caterpillar Chairman and Chief Executive Officer Doug Oberhelman.
"Fundamentally, we stayed focused in the right areas: we delivered solid cash flow, maintained a strong balance sheet and our credit rating and increased the dividend. Maintaining our current dividend and our credit rating is important even in these tough times – it is a high priority for the company," said Oberhelman.
"Our focus has remained on maintaining solid portfolio performance at Caterpillar Financial during the current period of weakness in some of the key end markets we serve. Our past due results at year-end were excellent and demonstrate our continued success in achieving this objective,” said Kent Adams, president of Cat Financial and vice president with responsibility for the Financial Products Division of Caterpillar Inc. “The global Cat Financial team remains focused on helping Caterpillar customers and Cat dealers succeed through financial services excellence."