Browsing Tag
Joe Creed
2 posts
Caterpillar backlog reaches $78.1bn as profits jump 46%, but shares fall on unchanged outlook
Caterpillar reported 17% revenue growth and a sharp increase in operating margins as demand strengthened across power generation, construction and mining. However, unchanged annual guidance, tariff costs and concerns about the sustainability of AI infrastructure spending weighed on investor sentiment.
Can Rod Shurman steer Caterpillar’s construction business through its next era of innovation?
Caterpillar names Rod Shurman to lead Construction Industries from Feb 2026 as Tony Fassino retires. Find out what this means for strategy and markets.