Strong pricing boosts Caterpillar profits

Caterpillar made record payouts to shareholders in the first quarter on the strength of price hikes that boosted profits. Photo: JUSTIN SULLIVAN / GETTY IMAGES NORTH AMERICA/Getty Images via AFP/FileCaterpillar reported a jump in profits Thursday as strong pricing for industrial machinery made up for lower volumes, enabling record shareholder payouts.

The company sees costs as"broadly flattish" for the year, with lower freight expenses compensating for increases elsewhere, Bonfield said.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Watch: Carnivorous undercover caterpillar tricks antsWill ants accept a caterpillar as their queen?
Source: BoksburgNews - 🏆 40. / 51 Read more »

Mozambique: Health Workers Threaten to Resume Strike As of ThursdayThe Association of United Mozambican Health Professionals (APSUSM) has threatened to resume its nationwide strike as of Thursday supposedly because the Health Ministry (MISAU), has failed to fulfill promises made in the negotiations.
Source: allafrica - 🏆 1. / 99 Read more »

Thursday's weather: Risk of fires persist in places over Northern CapeThursday's weather: Risk of fires persist in places over Northern Cape
Source: News24 - 🏆 4. / 80 Read more »

ConCourt gives Zuma, MK Party notice to file response to IEC’s eligibility appeal by ThursdayConCourt gives Zuma, MK Party notice to file response to IEC’s eligibility appeal by Thursday
Source: News24 - 🏆 4. / 80 Read more »

Cartoon Thursday with RicoDefend Truth
Source: dailymaverick - 🏆 3. / 84 Read more »

Emirates extends Dubai halt into Thursday on floodingAs bad weather in Dubai continued to disrupt travel.
Source: Moneyweb - 🏆 5. / 77 Read more »