Featured Stories

Categories

How Caterpillar's success relates to manufacturing as a whole

Graham Immerman
January 25, 2018

Caterpillar Inc. had a fantastic year and exceeded many expectations financially. Their stock went up 26% in the fourth quarter of 2017. This is actually a sign that manufacturing in the U.S. will do well in 2018. An analyst said, "“Caterpillar’s results showed strength across the board in nearly every industry for the first time, which indicated coordinated and synchronized macroeconomic growth." Multiple analysts think that the same things boosting Caterpillar Inc.'s success will boost the entire industry such as stronger domestic demand. “It’s a good harbinger for overall economic activity.”

Caterpillar’s Latest Earnings Report Is More Good News For US ManufacturingSource: http://dailycaller.com

Caterpillar Inc. easily surpassed Wall Street expectations for fourth quarter earnings, the latest sign that rising domestic demand and global economic growth augur good things for U.S. manufacturing in the coming year. The Deerfield, Ill.-based maker of heavy equipment — the world’s largest — rode a 35 percent surge in sales to adjusted fourth quarter profits of $2.16 per share, compared to expected earnings of $1.79 per share, according to Reuters. Its top-line sales were $12.9 billion, nearly $1 billion higher than Wall Street expectations. Read More

Comments

Related posts

GM making big changes
29Nov

GM making big changes

The big news in manufacturing is that GM is making cuts. Axios reported that, "General Motors said Monday that it will cut 15% of its salaried workforce, estimated to be around 14,700 people in North ...

Starting a manufacturing company
28Nov

Starting a manufacturing company

With manufacturing on the rise, there is more interest in starting new manufacturing companies. Axcess News put together some advice and considerations! They said, "Thriving in the manufacturing busin...

What will manufacturing look like in 2050?
28Nov

What will manufacturing look like in 2050?

Technology is advancing at a rapid rate, so by 2050 the industry could look vastly different. If that seems like a long ways away, remember that now to 2050 is as far away as 1988 to now! Advanced Man...

What's globalization 4.0?
21Nov

What's globalization 4.0?

We've all heard of industry 4.0 now, but what is globalization 4.0? The World Economic Forum says we are moving into a new phase of globalization and that, "Globalization and technology are intimately...

Manufacturing jobs rising
08Nov

Manufacturing jobs rising

The numbers are in and manufacturing jobs are still on the rise. CNS news reported, "Manufacturing jobs in the United States increased by 32,000 in October and have now increased by 434,000 during the...

Industry 4.0 long term
06Nov

Industry 4.0 long term

If your manufacturing business is planning for the long term, industry 4.0 should be integrated in that plan. American Machinist claimed that many businesses are focusing too much on the short term, a...

Investing in infrastructure positively impacts manufacturing
05Nov

Investing in infrastructure positively impacts manufacturing

The state of infrastructure can make a big impact on manufacturing success. First, the manufacturing industry would get a boost by supplying the materials for the infrastructure upgrades. Also, Indust...

NPR segment on manufacturing
24Oct

NPR segment on manufacturing

Our world is becoming increasingly more connected every day. For some manufacturers, this could mean that your competition is no longer limited to other local businesses, you could be competing with c...

Where the skills gap begins
23Oct

Where the skills gap begins

The skills gap in manufacturing can be traced back to middle schools and high schools. Forbes noted, "In a country where a generation ago shop classes were nearly universal in high schools, and where ...

Where manufacturing is thriving
22Oct

Where manufacturing is thriving

Some US cities are really thriving in manufacturing recently. The Colorodoan said, "In certain pockets of the country, manufacturing jobs are surging, often more than tripling the sector's employment ...

banner1-1

Subscribe Email

banner2-2