Rock Products

SEP 2017

Rock Products is the aggregates industry's leading source for market analysis and technology solutions, delivering critical content focusing on aggregates-processing equipment; operational efficiencies; management best practices; comprehensive market

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www.rockproducts.com ROCK products • September 2017 • 15 "Our team delivered an impressive quarter. As demand increased, we continued to control costs and generated higher profit margins," said Caterpillar CEO Jim Umpleby. "While a number of our end markets remain challenged, construction in China and gas compression in North Amer- ica were highlights in the quarter. Mining and oil-related activities have come off of recent lows, and we are seeing improving demand for construction in most regions." As a result of increased demand across many end mar- kets and disciplined cost control, Caterpillar is raising its 2017 outlook. Some risks remain in the outlook, including weakness in the Middle East and Latin America, as well as geopolitical and commodity risk. In April 2017, Caterpillar provided an outlook range for full-year 2017 sales and revenues of $38 billion to $41 billion with a midpoint of $39.5 billion. The company is raising its full-year 2017 expectations for sales and reve- nues to a range of $42 billion to $44 billion with a midpoint of $43 billion. For the full year of 2017, Caterpillar expects profit per share of about $3.50 at the midpoint of the sales and revenues out- look range, or adjusted profit per share of about $5.00. The previous outlook for 2017 profit was about $2.10 per share at the midpoint of the sales and revenues outlook, or adjusted profit per share of about $3.75. The company now expects to incur about $1.2 billion of restructuring costs in 2017. The outlook does not include potential mark-to-market gains or losses related to pension and other postemployment benefit (OPEB) plans. "Given our performance in the first half of the year and current quotation and ordering activity, we are confident in raising our full-year 2017 outlook," continued Umpleby. "We remain focused on serving our customers, delivering strong operational performance and executing our ongoing restructuring activities. During the second half of 2017, we anticipate making targeted investments in initiatives that are important to our future competitiveness, including enhanced digital capabilities and accelerating technology updates to our products. We intend to do this without adding to the structural costs we've worked so hard to streamline. These investments will prepare us to take advantage of the growth opportunities ahead." AEM Poll: Heavy Majority Call for Infrastructure Investment An overwhelming majority of Americans in urban, suburban and rural communities believe that investing in infrastructure will improve the U.S. economy, according to a new poll released by the Association of Equipment Manufacturers (AEM). While infrastructure needs differ in different parts of the country, the poll shows that adults strongly support modern- izing infrastructure and believe that investments will create jobs and improve their quality of life. "The findings underscore the fact that infrastructure con- nects rural and urban America – both literally and physically," said AEM president Dennis Slater. The poll identified a number of key findings, including: •  An overwhelming majority (89 percent) of all adults believe that investments in infrastructure will strengthen the U.S. economy, including 86 percent of urban and 89 percent of rural Americans. • More than eight out of every 10 adults (82 percent) agree that investments in infrastructure will increase the number of jobs in their communities; 84 percent suburban, 82 per- cent urban and 80 percent rural Americans share this belief. •  Americans across the country agree that investments in infrastructure will improve their quality of life (81 percent). This sentiment is equally strong in suburbs or towns (82 percent), cities (80 percent) and rural America (79 percent). Your Source for Customized Weighing and Metering Equipment Data Collection Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized 800-536-4880 tecweigh.com With More than 100 Years of Material Handling Experience, We Proudly Stand Behind Our Products with the Best Warranty in the Business and 24/7 Customer Ser vice. Control Gates Weigh Belts Belt Scales Call for a Quote or Visit Our Website Today We Are Superior By All Measure!

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