- Cummins (NYSE:CMI) reported a 7% Y/Y increase in Q2 revenue, climbing to $4.8B due to stronger demand in on-highway markets and distributor acquisitions in North America. Full year revenue is now expected to grow between 8 and 11%.
- EBIT climbed to $657M (13.6% of sales), compared to $621M (13.7% of sales) a year ago. Full year EBIT is expected to be in the range of 12.75% to 13.25% of sales.
- Net income rose to $446M, $2.43 per diluted share, vs. $414M, $2.20 per diluted share Y/Y.
- Q2 earnings