Bernstein maintains Market Perform Rating on Caterpillar (CAT) as Orders Continue to Climb

The company’s backlog jumped by $2.4 cardinal to $39.9 billion, which hints towards $19.1 cardinal successful orders, a 5% summation quarter-over-quarter. The Energy & Transportation conception besides performed well, with revenues of $8.397 billion, up 17% from $7.187 cardinal the twelvemonth before. This enlargement was fueled by accrued income measurement successful a assortment of sectors, including powerfulness generation.

Despite this, tariffs caused antagonistic impacts of astir $600 cardinal successful the 3rd quarter, extending the full-year interaction by $25 cardinal to $1.675 billion.

Caterpillar Inc. (NYSE:CAT) is simply a l‍eading gl‌obal p‌roducer of dense machinery, manufacturing equi‍pment use‍d i⁠n operation and mining, on with di⁠esel and natur‍al state en‍gines, concern state turbi‌n⁠es, and diesel⁠-​electric locomotives.

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