At a glance
- The power and energy division earned $2.1 billion, up 31% from a year earlier.
- Caterpillar is expanding production of its large reciprocating engines and turbines and adding capacity to meet data-center demand, CEO Joseph Creed said on the earnings call.
- For data-center projects that rely on Caterpillar's generators and turbines, the nearly doubled backlog creates schedule risk because orders are arriving faster than the company can fill them.
Caterpillar's order backlog reached $78 billion in the third quarter, nearly double its level a year earlier, as data center customers drove demand for power equipment.
The power and energy division earned $2.1 billion, up 31% from a year earlier. Sales in the division, which makes gas-powered engines and generators, totaled $8.8 billion, up 18% from a year earlier. Power generation sales rose 30%, fueled by data center customers, Utility Dive reported.
Caterpillar is expanding production of its large reciprocating engines and turbines and adding capacity to meet data-center demand, CEO Joseph Creed said on the earnings call.
For data-center projects that rely on Caterpillar's generators and turbines, the nearly doubled backlog creates schedule risk because orders are arriving faster than the company can fill them.
Reported by the Data centers & fiber desk from Utility Dive. Published . Corrections