Tag: engine makers

Business

Cummins profit jumps 20% in 1Q due to growing demand in North America

This morning, Cummins reported sizable increases in both sales and profits during the first quarter and raised its forecast for the rest of the year. Thanks to increased engine and component demand in North America, the company reported a 20-percent increase in profit during the first quarter to $338 million, or $1.83 a share, on sales of $4.4 […]

April 29, 2014

Business

Cummins sees slight bump in 3Q profits, but cuts outlook due to lower earnings

Despite lower earnings compared to the same quarter last year, Cummins reported a slight increase in third quarter profits thanks to improved revenues and cost reduction measures. “Material cost savings, productivity gains and lower warranty expenses all contributed to the improvement,” Tom Linebarger, Cummins chairman and CEO, said in a prepared statement. The company reported […]

October 30, 2013