Backlog

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Markets

Caterpillar's Backlog Hit a Record $78 Billion, Up 96 Per Cent in a Year. Its Dealers Plan to Cut $1.6 Billion of Inventory This Quarter.

Caterpillar's sales rose 17 per cent to $20.7 billion in the third quarter and adjusted profit was $7.20 a share, the company said on Thursday. Its order backlog reached a record $78 billion, up about $38 billion from a year earlier. It expects construction equipment volume to fall modestly in the fourth quarter as dealers shrink their stocks.

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Business

Northrop Grumman's Backlog Hit a Record $109.6 Billion. Its Cash Forecast Needs at Least $2.1 Billion in the Fourth Quarter, Less Than Last Year's $3.2 Billion.

Northrop Grumman said on Tuesday 20 October that third-quarter sales rose 7 per cent to $11.1 billion and backlog reached a record $109.6 billion on $16.4 billion of net awards, a book-to-bill ratio of 1.5. It raised its 2026 earnings outlook to $29.35-$29.75 a share and left its sales and cash flow ranges unchanged.