Seeking Alpha

Cummins higher after beating expectations

|About: Cummins Inc. (CMI)|By: , SA News Editor

Net income grew 6% to $471M, or $2.62 per diluted share vs. $446M, or $2.43 per diluted share in the second quarter of 2014.

Revenue by segment: Engine +2%; Distribution +21%; Components +9%; Power Generation +1%.

Returned $517M to shareholders in the form of dividends and share repurchases during the quarter.

The company still expects full year 2015 revenues to grow between 2%-4%, and EBIT in the range of 13.5%-14% of sales.

Q2 results

CMI +4.3% premarket