Cummins Announces First Quarter 2015 Results

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Cummins LogoColumbus, 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.

Other recent highlights:

  • For the eighth consecutive year, Cummins was named one of the world’s most ethical companies by The Ethisphere Institute
  • Forbes magazine named Cummins 21st in its Top 25 Employers in America list
  • Cummins was selected by Halliburton as the engine supplier for the first EPA Tier 4 Final-compliant fracking spread inNorth America
  • The Company repurchased one million shares in the first quarter

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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