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Caterpillar Rebounds in 2017


After four difficult years, earnings rose for Caterpillar in 2017. Thursday, the company reported fourth quarter and full year results.

Sales and revenue jumped 18 % to more than 45 billion dollars. Adjusted profits were six dollars and 88 cents per share, double last year's 3 dollars and 42 cents.

Adjustments included the impact of U.S. tax reform, restructuring, and some market losses.

Caterpillar says it's starting this year with "strong sales momentum" due to strong orders for its construction, mining, and energy equipment, low dealer inventories, and signs of economic growth in many of the company's markets around the world.

A native of Detroit, Herb Trix began his radio career as a country-western disc jockey in Roswell, New Mexico (“KRSY, your superkicker in the Pecos Valley”), in 1978. After a stint at an oldies station in Topeka, Kansas (imagine getting paid to play “Louie Louie” and “Great Balls of Fire”), he wormed his way into news, first in Topeka, and then in Freeport Illinois.