This excerpt taken from the CAT 8-K filed Oct 21, 2009.
- Credit Suisse - Analyst
Okay. And do you feel like incremental margins coming out of the cycle, should we think about it typical to historic or with some of the initiatives you have done, should they be better? And then just a marketshare question.
Jim Owens - Caterpillar Inc. - Chairman & CEO
I'll be sorely disappointed if they are not substantially better than in the run-up in the '04 through '08 period. Historically, when we have come out of a period where we have low -- see, in that that period of time, we were adding capacity as we were growing. This time, we are going to be utilizing capacity we have already created. And we have put in place a lot of process disciplines around the Cat Production System. Some of our divisions are way ahead and you just visited, many of you, our gas turbine division. I think that is indicative of the kind of things you're going to see from all of Caterpillar.
But I am excited about the volume leverage and the pull-through capability we should have on the upside and that is what we talked to you about during our analyst meeting here in Peoria in early August.