- Net income grew 14% to $387M, or $2.14 per diluted share vs. $338M, or $1.83 per diluted share in the first quarter of 2014.
- Revenue by segment: Engine +1%; Distribution +2%; Components +6%; Power Generation +6%.
- Repurchased 1M shares during the quarter.
- "We expect profitability for the remainder of the year to increase from first quarter levels as revenues improve and we capture more benefits from cost reduction activities," CEO Tom Linebarger said.
- The company expects full year 2015 revenues to grow between 2%-4%, and EBIT in the range of 13.5%-14% of sales.
- Q1 results
- CMI +0.9% premarket