WHR - As Stanley Black & Decker raises prices here's what companies are saying on inflation

Stanley Black & Decker (SWK) will raise prices as part of its plan to counter higher costs, the company illustrated in its earnings call presentation.In a slide entitled "Commodity Inflation Update" it says steel, resin, base metals, electrical components and batteries are pushing incremental inflation for 2021 up by $160M vs. January guidance.The company is initiating price increases and measures to boost productivity to benefit 2H 2021 and carry over into 2022.Commodity inflation will hit 2021 EPS by $0.80, but the company still raised the midpoint of full year EPS guidance to $10.85 from $10.Stanley Black & Decker joins a host of other big-name companies this earnings season announcing price increases due to high input costs.Among other inflation comments from earnings transcripts:Procter & Gamble (PG): "The commodity challenges we face next year will, obviously, be larger next fiscal year."Honeywell (HON): Inflation "is taking hold. That -- there's no doubt about

For further details see:

As Stanley Black & Decker raises prices here's what companies are saying on inflation