Caterpillar Power-and-Energy Sales Rise 18% to $8.78 Billion
The division benefited from sales of large power-generation sets and turbines serving data-center projects. CEO Joe Creed also discussed efforts to increase capacity.
Sales across Caterpillar's power-and-energy division rose 18%, to $8.78 billion, during the latest quarter. The business has grown rapidly, benefiting from sales of large power-generation sets and turbines that power data-center projects amid the artificial-intelligence boom. CEO Joe Creed says on…