Caterpillar Reports Record $78.1 Billion Order Backlog in Q3
Caterpillar's backlog rose $6 billion from the prior quarter and $38.2 billion year over year, nearly doubling from $39.9 billion a year earlier.
Caterpillar's order backlog hit a record $78.1 billion in the third quarter, nearly doubling from $39.9 billion a year earlier. The backlog grew $6 billion from the prior quarter and $38.2 billion year over year. The buildup signals sustained demand across the company's three primary segments: Cons…