The Global Demographic Tailwind

[DewDiligence]

Clarification on CAT’s updated EPS guidance:

From #msg-39888650:

Caterpillar raised its outlook for full-year profit, including redundancy costs, to a range of 40 cents to $1.50 with a midpoint of 95 cents a share. When it reported first-quarter results three months ago, Caterpillar put that midpoint estimate at 50 cents a share.

Excluding redundancy costs of 0.75/sh, which is the way some Wall Street analysts calculate EPS, the new 2009 EPS guidance is $1.15-2.25.