Caterpillar Order Backlog Hits Record $78.1 Billion in Q3

Caterpillar's Q3 order backlog reached a record $78.1 billion, nearly double the $39.9 billion a year earlier. The backlog grew $6 billion from the prior quarter. The company cited sustained demand across Construction Industries, Resource Industries, and Power & Energy, with power generation orders particularly strong. End markets remain healthy, and year-to-date results are tracking toward another record year.