Caterpillar has best year ever but tariffs weigh on profits

Caterpillar just posted its best sales year ever, with growth across its major categories — "driven by higher sales of equipment to end users,” the company said. On Thursday, the maker of heavy equipment, machinery, and engines reported full-year revenues clocking in at a record $67.6 billion. Fourth-quarter revenue came in at $19.1 billion, also a record. “Our centennial year marked a significant milestone, underscored by the highest full-year sales and revenues in Caterpillar’s history,” said CEO Joe C ...