2016 was another very challenging year for the mining industry, but we continue to win in a tough environment by executing on our strategies of industry-leading direct service, being operationally excellent, focusing on high-growth markets and providing technology and innovations that offer our customers a step change in performance. We’re helping mining companies lower their cost curves with new products and services including our P&H hybrid shovel, Joy SR Hybrid Drive LHDs, new P&H blasthole drill and integrated JoySmart Solutions.

We are excited to report we had our best safety performance in history, with 15 facilities achieving zero-incidence rates for the year and a company-wide recordable incident rate under 1.0, which is world-class performance.

In 2017, we are committed to gaining share in high-growth markets including industrial minerals, hard rock and tunneling. We are working on a transaction with Komatsu that will broaden our product, system and solutions offerings across a wider scope of mining and construction applications. Komatsu shares our focus on customers and drive to have superior products, direct service, world-class operations and the best talent in the industry. Together we will be a full solutions provider and valued partner for our customers.