Cummins Clocks 8% Sales Growth In Q2, Reiterates FY22 Outlook
Cummins Inc. (NYSE: CMI ) reported second-quarter sales growth of 7.8% year-over-year to $6.59 billion , beating the consensus of $6.48 billion. EPS was $4.94 versus $4.10 a year ago. Sales in North America increased 15% while international revenues decreased 2% Y|Y, driven primarily by a slowdown in China and the indefinite suspension of its operations in Russia. Sales by segments: Engine $2.8 billion ( 11% Y|Y), Distribution $2.3 billion ( 17% Y|Y), Components $2 billion (-2% Y|Y), Power Systems $1.2 billion ( 5% Y|Y), and New … Full story available on Benzinga.com
Cummins Clocks 8% Sales Growth In Q2, Reiterates FY22 Outlook
Cummins Inc. (NYSE: CMI ) reported second-quarter sales growth of 7.8% year-over-year to $6.59 billion , beating the consensus of $6.48 billion. EPS was $4.94 versus $4.10 a year ago. Sales in North America increased 15% while international revenues decreased 2% Y|Y, driven primarily by a slowdown in China and the indefinite suspension of its operations in Russia. Sales by segments: Engine $2.8 billion ( 11% Y|Y), Distribution $2.3 billion ( 17% Y|Y), Components $2 billion (-2% Y|Y), Power Systems $1.2 billion ( 5% Y|Y), and New … Full story available on Benzinga.com