With signs of rising activity in the U.S. and China construction markets, global equipment manufacturers reported strong sales in the second quarter of 2017, following a period of consolidation and reorganization.
In the wake of a restructuring effort driven by underperformance in its construction and mining sectors, Caterpillar Inc. posted strong results for the second quarter, outperforming analyst expectations. Overall, the company booked $11.3 billion in sales for a year-over-year increase of 9.6%. Cat’s construction division alone posted an 11.4% increase.