Caterpillar Power and Energy Sales Rise 18% to $8.8 Billion
Third-quarter segment profit increased 31% to $2.143 billion, and its margin rose to 24.4% from 21.9% a year earlier. Retail sales climbed 36%.
Caterpillar's Power & Energy segment is emerging as a key growth driver, with third-quarter sales jumping 18% year over year to $8.8 billion. Segment profit rose 31% to $2.143 billion, pushing the profit margin to 24.4% from 21.9% a year earlier. Retail sales in the segment climbed 36%, with power…