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Caterpillar Inc (NYSE:CAT) Stock Is Benefiting From Strong Construction Industries Demand.

Caterpillar Inc (NYSE:CAT) Stock benefited from strong construction industries demand. Caterpillar Inc (NYSE:CAT) reported Q3 revenues of $11.413 Billion, a 25% increase from  2016 Q3 revenues of $9.160 Billion. CAT reported profit of $2.053 Billion.

Sales and revenues for the nine months ending Sep. 30, 2017, were $32.56B, compared with $28.963B for the nine months ended September 30, 2016. By segment, the most significant increase in sales volume was in Construction Industries, mostly due to the favorable impact of changes in dealer inventories and higher end-user demand for construction equipment. 

Of Note

Caterpillar Inc (NYSE:CAT) reported a backlog of approximately $15.4 billion, an increase of about $600 million from the end of the second quarter of 2017. Construction Industries' order backlog increased about $500 million. 

Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three product segments - Construction Industries, Resource Industries and Energy & Transportation - and also provides financing and related services through its Financial Products segment.