Caterpillar Inc. Announces 1Q 2009 Results

Caterpillar Responds to Sharp Volume Decline First-Quarter Loss, But Profitable Excluding Redundancy Costs

PEORIA, Ill.— Caterpillar Inc. (NYSE: CAT) today reported a loss of $0.19 per share, down $1.64 per share from the first quarter of 2008. Excluding redundancy costs, first quarter profit was $0.39 per share. Redundancy costs related to reducing employment were $558 million before tax or $0.58 per share in the quarter. Sales and revenues were $9.225 billion, down 22 percent from $11.796 billion in the first quarter 2008….more at