Cummins (CMI) Q1 Revenue Tops Views, Raises FY Outlook

Cummins (NYSE: CMI) reported Q1 EPS of $2.43, may not compare to the analyst estimate of $2.92. Revenue for the quarter came in at $5.6 billion versus the consensus estimate of $5.18 billion.

Based on the current forecast, Cummins expects full year 2018 revenues to be up 10 to 14 percent, compared to prior guidance of up 4 to 8 percent. EBITDA is projected to be in the range of 15.4 to 15.8 percent of sales, down from 15.8 to 16.2 percent of sales. Excluding the impact of the first quarter charge for the product campaign, full year EBITDA is expected to be in the range of 16.2 to 16.6 percent, reflecting strong incremental EBITDA of 28 percent at the midpoint, compared to 2017.

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

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