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More on Cummins' Q1

Apr. 28, 2015 7:51 AM ETCummins Inc. (CMI) StockCMIBy: Yoel Minkoff, SA News Editor1 Comment
  • 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

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