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.