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Caterpillar Management Discusses Q1 2012 Results - Earnings Call Transcript

Caterpillar, Inc. (CAT)

Q1 2012 Earnings Call

April 25, 2012 11:00 EST


Doug Oberhelman - Chairman & CEO

Edward Rapp - Group President & CFO

Mike DeWalt - Director of IR


Andrew Obin - BofA Merrill Lynch

Jamie Cook - Credit Suisse

Andrew Kaplowitz - Barclays

Robert McCarthy - Robert W. Baird

Ted Grace - Susquehanna Financial Group

Vance Edelson - Morgan Stanley

David Raso - ISI

Anne Diamond - JP Morgan



Good morning, ladies and gentlemen, and welcome to the Caterpillar First Quarter 2012 Earnings Results Conference Call. (Operator instructions.) It is now my pleasure to turn the floor over to you host, Mr. Mike DeWalt. Sir, the floor is yours.

Mike DeWalt

Thank you very much, and good morning, everyone. Welcome to our First Quarter 2012 Earnings Call. I'm Mike DeWalt, the Director of Investor Relations and I'm very pleased to have our Chairman and CEO, Doug Oberhelman, and group president and CFO Ed Rapp with me on the call today.

Today's call is copyrighted by Caterpillar Inc., and any use, recording, or transmission of any portion of the call without our express written consent is strictly prohibited. If you would like a copy of today's call transcript, we'll be posting it in the Investor section of our website. It'll be in the section labeled 'Results Webcast.'

This morning, we'll be discussing forward-looking information that involves risks, uncertainties and assumptions that could cause our actual results to differ materially from the forward-looking information. The discussion of some of those factors that, either individually or in the aggregate, we believe could make actual results differ materially from our projections, that can be found in our cautionary statements under Item 1-A, Risk Factors, of our form 10-K filed with the SEC on February 21st of 2012 and in our forward-looking statements contained in today's release.

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