Cummins, Inc. (CMI) Tops Q2 EPS by 21c, Sees FY Revs Flat

July 30, 2013 7:32 AM EDT
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Cummins, Inc. (NYSE: CMI) reported Q2 EPS of $2.20, $0.21 better than the analyst estimate of $1.99. Revenue for the quarter came in at $4.5 billion versus the consensus estimate of $4.26 billion.

Based on the current forecast, the Company expects full year revenues to be flat compared to 2012 and EBIT to be in the range of 13 to 14 percent of sales.

"Revenues increased primarily due to higher demand in North America, helped by market share gains in the medium duty truck market," said Chairman and CEO Tom Linebarger. "I am pleased with our execution this quarter and profitability improved significantly from first quarter levels. The recent increase in our dividend, coupled with our ongoing share repurchase program, underscore our confidence in the Company's future."

For earnings history and earnings-related data on Cummins, Inc. (CMI) click here.

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