JCB Posts Record Financial Results

JCB has reported that 2011 was a banner year for the global manufacturer of construction and agriculture equipment.

Sales rose to the highest level in the company’s 66-year history to $4.39 billion, 37% greater than the $3.19 billion achieved in 2010 and more than double the $2.15 billion recorded in 2009. Earnings before interest, tax, depreciation and amortization (EBITDA) reached a record $566 million. Machine sales rose 34% to 69,100 units (51,600 in 2010).

In 2011, JCB says it retained its position as the world's number-one manufacturer of backhoe loaders and telescopic handlers. In 2012, JCB will unveil a total of 66 new products for global markets, many of which were unveiled for the first time today at the Intermat construction equipment fair in Paris.