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Transcripts For BLOOMBERG In The Loop With Betty Liu 20140127

Beach. Lets talk, for a moment, about the revenue you have seen over 2013. It turned out to be a rather challenging year . Yes, it was a challenging year. We saw a fairly sizable reduction in our mining business, which frankly surprised us a little bit. In 2013 to do a lot of things in our company. We are very proud of our team. Strengthening the Balance Sheet, the debt equity ratio today is the strongest it has been in 25 years. If you look at the fourth salesr, we actually saw drop 10 . 1. 7 billion dollars less in sales. Taken from what we had in 2012 compared to operated earnings, we were better. We are very happy about that. The quality of products has never been higher. The Safety Record in our plants and offices is good. There are things to celebrate. More than just the top line. I know that you did a lot of cross costcutting in 2013. Cut 400 million in spending. As we look ahead into this year, do you anticipate more cost cutting . Constant Cost Management mode around here. We

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