In a year of tough economic conditions worldwide, J.C. Bamford Excavators Ltd. outperformed the equipment sector in 2012 by posting earnings of $559.5 million—a record for the 67-year-old company—on $4.1 billion of sales and increasing production as others slipped.
"In view of the continued fragility of the global economy, which has led to renewed slowdowns in emerging and developed markets, JCB's results in 2012 are extremely encouraging," says JCB Chairman Sir Anthony Bamford.