Caterpillar, the world's largest maker of earth-moving equipment just announced that it has been a difficult year—third-quarter sales and revenues of $13.4 billion were 18 percent below the same quarter in 2012, and profit plunged 44 percent as weak demand for mining equipment continued to weigh on results.

1. Caterpillar Q3 Sales Significantly Down
Caterpillar, the world's largest maker of earth-moving equipment just announced that it has been
a difficult year—third-quarter sales and revenues of $13.4 billion were 18 percent below the
same quarter in 2012, and profit plunged 44 percent as weak demand for mining equipment
continued to weigh on results.
September sales in North America, the Peoria IL based company's largest geographic market,
rose 4 per cent from the year before after rising 1 per cent in the August period and slipping 1 per
cent in July. However, shrinking demand from the Asia Pacific was a major contributor to
decrease revenues, with sales dropping by 24% in August. Profit per share for third quarter
2013 was $1.45, down from third-quarter 2012 profit per share of $2.54.
Caterpillar is facing tougher year-earlier comparisons in most geographic markets. Falling
demand for mining equipment because of lower prices for mined commodities, such as iron ore,
also has weighed on sales of mining equipment.
The world's largest seller of bulldozers, excavators and wheel loaders, headquartered in Peoria
IL, lowered its full-year guidance to earnings of $5.50 a share and revenue of $55 billion. Its
previous outlook called for earnings of $6.50 a share on revenue of $56 billion to $58 billion.
"Unfortunately, order rates have not picked up much despite continuing strong commodity
production," said Chairman and Chief Executive Doug Oberhelman. "That has caused us to
ratchet down our sales and revenues outlook as we have moved through 2013."
Caterpillar said it had temporarily shut some plants, furloughed thousands of salaried and
management employees and reduced its full-time workforce by 3,000 during the third quarter.
Over the past year, the company has cut more than 13,000 jobs, about 10 percent of the global
total.
It said additional workforce reductions and the consolidation of plants were possible.
Chiropractic Information
October is National Chiropractic Health Month (NCHM), and this year’s theme is “Get
Vertical!” According to the American Chiropractic Association’s (ACA) site, “Get Vertical
focuses on the importance of joint health at all stages of life and … encourages everyone to use
the month of October to get off their couches and office chairs, stand up and move.”
Dr. Justin Tuttle is a native of Peoria IL and is a graduate of St. Vincent de Paul and Peoria Notre
Dame High School. After completing an undergraduate degree in Business Leadership from
Purdue University Dr. Justin Tuttle began his Chiropractic training at Palmer College of
Chiropractic, Davenport, Iowa, where he graduated in 2005.