Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
4/29/2014 12:00:00 PM Write a Letter to the Editor Write a letter to the Editor

Cummins’ 1Q Income Gains as North America Sales Jump 25%


John Sommers II for TT

Engine maker Cummins Inc. said April 29 its first-quarter profit improved on higher North American sales.

Columbus, Indiana-based Cummins reported net income rose to $338 million, or $1.83 a share, from $282 million, or $1.49, a year ago.

Sales rose 12% to $4.4 billion, driven by a 25% jump in North American revenue, which offset flat international sales.

“We delivered good incremental margins . . . as demand in on-highway markets in North America improved,” Chairman and CEO Tom Linebarger said in a statement.

The company expects full-year revenue to grow 6% to 10%, up from its previous forecast of 4% to 8%, largely due to improving North American demand.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2014, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising

EMU
iTech
© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement