Cummins (CMI) Q1 Revenue Tops Views, Raises FY Outlook
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Cummins Announces First Quarter Results; Raises Outlook for 2018
May 1, 2018 7:30 AM EDTFirst quarter revenues of $5.6 billion and EBITDA of 12.6 percent of sales GAAP1 Net Income of $325 million and Diluted EPS of $1.96 Full year revenues expected to increase 10 to 14 percent EBITDA is expected to be in the range of 15.4 to 15.8 percent of sales First quarter Diluted EPS negatively impacted by $0.87 reflecting the cost of a product campaign First quarter Diluted EPS negatively impacted by $0.47 as a result of discrete tax charges... More
