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				Caterpillar Lands on Feet with Q3 Record
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					Posted: 
					
						Oct 24, 2011 03:00 PM
					
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					Last Updated: Mar 27, 2012 08:29 AM
				
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				<p>PEORIA, Ill.&mdash; Caterpillar announced today a 44 percent increase in profit from Q3 2010. Sales and revenue for the yellow and black clad company were a record setting $15.716 billion &mdash; up 41 percent from last year.</p>
<p>&ldquo;This was the best quarter for sales in our history,&quot; said Doug Oberhelman, chairman and CEO of Caterpillar.&quot; Our order backlog is at an all-time high.&quot;</p>
<p>Excluding the acquistion of Bucyrus International, &quot;this was also our best profit quarter in history, and year-to-date operating profit as a percent of sales was higher than any full year in more than three decades,&quot; said the CEO.</p>
<p>Caterpillar reported adding 4,800 jobs in the third quarter, 2,000 of those located in the U.S. &quot;Since the beginning of 2010, we have added more than 30,000 jobs to our global workforce, not including the impact of our acquisitions and divestitures,&rdquo; Oberhelman said.</p>
<p><strong>In Case of Emergency, Break Glass</strong></p>
<p>While the news is good, Oberhelman said that Caterpillar still recognizes the state of the economy. &quot;A key part of our planning process is to make sure we&rsquo;re prepared if the situation turns negative. Each of our businesses prepares &lsquo;trough&rsquo; plans&mdash;a standard practice at Caterpillar&mdash;to help us act faster should we need to take action,&rdquo; Oberhelman added.<br />
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