Caterpillar Reports Solid First Quarter 2010, Rebounds from Miserable 2009 and Sees Bright Future

SUGAR LAND--April 27, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--Machinery and engine manufacturer Caterpillar Incorporated (NYSE:CAT) (Peoria, Illinois) reported strong profits for first-quarter 2010, despite a dip in revenue and a $90 million after-tax charge related to Medicare subsidy tax changes in the recently signed U.S. health care law. Net income for the quarter was $233 million, compared with a loss of $112 million in the same period last year.