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Cummins Announces First Quarter Results; Raises Outlook for 2018

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Update time : 2018-05-02 09:51:06
Cummins Inc. (NYSE: CMI) today reported results for the first quarter of 2018.

First quarter revenues of $5.6 billion and EBITDA of 12.6 percent of sales

GAAP1 Net Income of $325 million and Diluted EPS of $1.96

Full year revenues expected to increase 10 to 14 percent

EBITDA is expected to be in the range of 15.4 to 15.8 percent of sales

First quarter Diluted EPS negatively impacted by $0.87 reflecting the cost of a product campaign

First quarter Diluted EPS negatively impacted by $0.47 as a result of discrete tax charges

Please Check the Details on the CUMMINS Website: https://www.cummins.com/news/releases/2018/05/01/cummins-announces-first-quarter-results-raises-outlook-2018

News From Cummins HomePage: https://www.cummins.com/