Caterpillar Inc. equipment is on display for sale at a retail site in San Diego, California, U.S., March 3, 2017. REUTERS/Mike Blake/File Photosaid on Thursday that inflation may force it to further hike prices across the board as the manufacturer tries to navigate through production delays that resulted in the company's first revenue miss this year.
Global supply chain disruptions triggered by the pandemic and inflationary cost pressures have already hit the company's earnings, forcing it to raise equipment prices twice this year to mitigate the blow. In a bid to smoothen production, the world's largest heavy-duty equipment maker said it was trying to prioritize and route raw material and components to where it was needed the most. The company did not elaborate further.of a lower adjusted operating profit margin in the current quarter, compared with the third, though it expects sales to improve.
Today, Komatsu has just provided strong Q2 financial results and raised its year end Net Income forecast by 28%. Hitachi Construction Machinery did same increase couple days ago. It seems the demand of the construction equip. is strong now.
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