0828 ET - Caterpillar's pricing power is evaporating. The company's revenue from price increases shrank by $250 million in 1Q compared with the same quarter last year. The decrease contributed to 27% reduction in 1Q operating profit from last year. The company logged lower sales across all its business groups, led by a 19% decline in construction equipment sales. (robert.tita@wsj.com)
(END) Dow Jones Newswires
April 30, 2025 08:29 ET (12:29 GMT)
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