Friday, October 30, 2026
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.
RTX said on Tuesday 20 October that third-quarter sales rose 11 per cent to $25.0 billion and adjusted earnings rose 33 per cent to $2.26 a share, and it lifted its 2026 adjusted EPS outlook to $7.65-$7.75 from $7.10-$7.25. The adjusted figure includes $0.25 a share from what the company calls an IEEPA cost recovery, and free cash flow fell 47 per cent to $2.1 billion.
Judge Richard Eaton of the Court of International Trade certified a class on Thursday of importers who paid the emergency-powers tariffs between February 2025 and February 2026 and have not filed their own suits. Class actions at the court are rare. Refunds are not yet ordered.
The fiscal year closed on Wednesday with a record $332.6 billion of customs deposits, according to the Treasury's daily cash statement. It also closed with $157.8 billion paid out through Customs and Border Protection, against about $10.5 billion in each of the two previous years. Net of those payments, the border raised less than it did in fiscal 2025. Since May, it has paid out $17.5 billion more than it took in.