Cummins Announces Second Quarter Results; Raises Outlook for 2017

News | 01 Aug 2017

COLUMBUS, Ind.--(BUSINESS WIRE)--Aug. 1, 2017-- Cummins Inc. (NYSE: CMI) today reported results for the second quarter of 2017.

Second quarter revenues of $5.1 billion increased 12 percent from the same quarter in 2016. Higher demand for trucks and construction equipment in North America and China, and stronger sales to mining, and oil & gas customers were the main drivers of revenue growth. Currency negatively impacted revenues by approximately 1 percent compared to last year, primarily due to the appreciation of the US dollar. Revenues in North America increased 13 percent and international sales grew 11 percent due to strong demand in China and India.