Cummins 2Q Sales Up 21%; ’18 Forecast Raised

Columbus, Ind.-based Cummins Inc. is reporting second quarter net income of $545 million, compared to $424 million during the same quarter a year earlier while revenues increased 21% to a quarterly record of $6.1 billion. Earnings before interest, taxes, depreciation and amortization (EBITDA) in the second quarter were $897 million, or 14.6% of sales, up from $764 […]