Columbus, IND., April 28, 2015 – Cummins Inc. (NYSE: CMI) today reported results for the first quarter of 2015.
First quarter revenue of $4.7 billion increased 7 percent from the same quarter in 2014. The increase year-over-year was driven by stronger demand in on-highway markets and distributor acquisitions in North America. Currency negatively impacted revenues by 3 percent compared to last year, primarily due to a stronger US dollar.
Revenues in North America increased 17 percent while international sales declined by 6 percent. Within international markets, lower revenues in Europe and Brazil more than offset growth in China.
Earnings before interest and taxes (EBIT) increased to $562 million for the first quarter or 11.9 percent of sales, up from $528 million or 12.0 percent of sales a year ago.
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Read the full press release – including first quarter 2015 detail for all Cummins business units – by clicking on the link below.
Press Release – Cummins Announces First Quarter 2015 Results
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