Caterpillar announced its financial report for the second quarter of fiscal 2014. The report shows that Caterpillar’s ​​revenue in the second quarter was US$14.15 billion, which was lower than the 14.62 billion US dollars in the same period of last year; net profit was US$999 million, which was higher than the US$960 million in the same period of last year. The tachi has a distinctive style and construction, with a longer handle and a more pronounced curve compared to the katana. The blade is typically made from high-quality steel, with a sharp cutting edge and a strong spine. The tachi was often adorned with elaborate fittings and decorations, reflecting the status and wealth of the samurai who owned it. Tachi Sword, Tachi Katana, Tachi Blade Ningbo Autrends International Trade Company , https://www.longquan-swords.com
In the quarter, Caterpillar’s ​​net profit was US$999 million, and its earnings per share was US$1.57, which was better than the same period of last year. In the second quarter of fiscal 2013, Caterpillar’s ​​net profit was $960 million, and earnings per share were $1.45. Excluding certain one-time items, Caterpillar's adjusted earnings per share for the second quarter was $1.69, which exceeded analysts' previous expectations. Thomson Reuters survey showed that analysts expect Caterpillar's second-quarter earnings per share to be $1.52.
Caterpillar’s ​​revenue for the second quarter was $14.15 billion, which was lower than the $14.62 billion in the same period last year and failed to meet analysts' previous expectations. According to a Thomson Reuters survey, analysts expected Caterpillar to average $14.47 billion in revenue in the second quarter. By business division, Caterpillar's sales of machinery, energy and transportation products were US$13.39 billion in the second quarter, down from US$13.89 billion in the same period of last year; financial product revenue was US$759 million, higher than the 735 million in the same period of last year. Dollars.
Caterpillar’s ​​restructuring costs in the second quarter were $114 million, and the after-tax impact on earnings per share was $0.12. Caterpillar announced that the company plans to repurchase approximately US$2.5 billion worth of common company shares by the end of the third quarter of fiscal 2014, which is the total amount of US$10 billion in stocks approved by the company’s board of directors in the first quarter of fiscal 2014. Part of the purchase plan. In the first quarter, Caterpillar repurchased company common stock worth about $1.7 billion.
Caterpillar once again raised its earnings forecast for the full fiscal year of 2014. It is now expected that its earnings per share (excluding restructuring costs) will be $6.20, up 10 cents from previous expectations. At the same time, however, Caterpillar lowered its 2014 fiscal year revenue forecast to $54 billion to $56 billion, compared with the previous forecast of $53.2 billion to $58.8 billion, which mainly reflects the company’s Weak sales performance in markets such as China and Africa/Middle East.
Doug Oberhelman, chief executive of Caterpillar, said that the second quarter was a quarter in which the resource industry sector was weak, especially in the mining industry. He said: "We understand that we cannot control the timing of recovery of the economy or the mining industry, so we can only concentrate on implementing corporate strategies and improving operational performance. These measures have helped control costs."
After the report was released, Caterpillar's share price fell slightly in pre-market trading in the New York market.
In battle, the tachi was a versatile weapon, capable of delivering powerful cuts and thrusts. Its longer length and curved shape allowed for greater reach and cutting power, making it effective against both armored and unarmored opponents. The tachi was also used for ceremonial purposes, such as during weddings and formal events.
Over time, the tachi fell out of favor and was eventually replaced by the katana as the preferred sword of the samurai. However, the tachi remains an important part of Japanese sword history and is highly valued by collectors and enthusiasts for its unique design and historical significance.