Cummins IncCMI
▲ PositiveCapitalrelevance
Higher Q2 earnings and raised revenue guidance
Impact on stocks 1
Energy Transition & Power Demand
Cummins IncCummins Inc. reported higher second-quarter earnings, with net income rising to $932 million, or $6.73 per share, from $890 million, or $6.43 per share, in the same period last year. Revenue increased 9.4% to $9.457 billion from $8.643 billion a year ago. The company provided full-year revenue guidance of 10% to 13% growth and expects EBITDA in the range of 18.0% to 18.5%.
Cummins IncHigher Q2 earnings and raised revenue guidance