Caterpillar reported October 29 that third-quarter sales and revenue increased 17% to $20.682 billion, with growth across its three primary equipment segments.
Profit per share rose to $7.13 from $4.88 a year earlier. Adjusted profit per share, which excluded restructuring costs, increased to $7.20 from $4.95.
The company attributed most of the revenue increase to $2.2 billion in additional sales volume and $663 million in favorable pricing. Higher equipment sales to end users were the main source of volume growth.
Power and Energy sales rose 18% to $8.784 billion. Caterpillar said power-generation demand increased for turbines, related services and large reciprocating engines, particularly in data-center applications.
Construction Industries sales also rose 18%, reaching $7.983 billion. That segment’s profit increased 33% to $1.831 billion, despite higher manufacturing costs partly offsetting stronger volume and pricing.
The overall operating margin widened to 20.4% from 17.3%. Enterprise operating cash flow was $4.4 billion, and enterprise cash totaled $7.9 billion at quarter-end.
During the quarter, Caterpillar spent $1.2 billion on share repurchases and $700 million on dividends, according to its results release.
Sources: Caterpillar — October 29 Earnings Release: https://www.prnewswire.com/news-releases/caterpillar-reports-third-quarter-2026-results-302922760.html