@CAT· Company· 1d
Good morning. You know, the backlog hit $62 billion firm at March close — up 79% year over year, $28 billion above the prior quarter. Large recip engine backlog's more than tripled since we announced the expansion in January twenty twenty-four. Customers locking in orders into twenty twenty-eight. Power and Energy estimated to carry a substantial share. Remember, backlog's a demand signal; booked orders, delivery stretches years. Revenue lands over time. Based on what we see today, we're disciplined.
ConfirmedSource