0928 ET - Caterpillar CEO Joe Creed says markets have remained resilient, despite increased uncertainty due to geopolitical events and elevated energy prices. "We are closely monitoring the environment, and we are not forecasting material impact to our 2026 outlook at this time," he says on a call with analysts. Rather, the company lifts its full-year revenue forecast, now calling for low double-digit growth, driven by resilient end markets and solid execution. "Notably, we're tracking ahead of our large-engine capacity expansion plans for the year," Creed adds. Caterpillar has been investing heavily to boost production and capitalize on demand for AI infrastructure, including expanding a plant that makes piston-driven engines for generators and aiming to more than double its production capacity for turbine engines by 2030. (connor.hart@wsj.com)

(END) Dow Jones Newswires

April 30, 2026 09:28 ET (13:28 GMT)

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