Cummins (CMI) Misses Q2 EPS by 34c, Revenue Beats
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Cummins Announces Second Quarter Results; Updates Outlook for 2018
July 31, 2018 7:30 AM EDTSecond quarter revenues of $6.1 billion GAAP1 Net Income of $545 million and Diluted EPS of $3.32 EBITDA of $0.9 billion or 14.6 percent of sales Full year revenues expected to increase 15 to 17 percent EBITDA is expected to be in the range of 14.8 to 15.2 percent of sales The Company finalized its plans for a previously disclosed product campaign, resulting in a charge of $181 million or $0.85 per diluted share in the second quarter... More
