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Inflation is often a mixed bag for equities: Higher pricing power usually beefs up corporate revenues, yet higher borrowing and overhead costs can eat into earnings.
The company used a combination of higher pricing, cost-cutting and the addition of higher-margin products to "almost completely" offset sharply rising raw materials and packaging costs, the chief executive, Ian M. Cook, said in a statement.
Other companies tried higher pricing, but found few takers.
"They'll not necessarily guarantee higher pricing for the publisher if the publisher doesn't provide any value.
"But to the degree there's less competition, and higher pricing, it's not a pretty thing".
The company is benefiting from a pickup in worldwide shipping and higher pricing.
In 2002, Caterpillar's sales and revenues fell about 1percentto to $20.15 billion, as lower sales volume offset higher pricing.
Similar(4)
At higher prices.
So why the higher prices?
Notably, by charging higher prices.
They could afford higher prices.
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