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Position:news > parts > Cummins Registered a 12% Rise in Business Revenue in Q2

Cummins Registered a 12% Rise in Business Revenue in Q2

2017-08-08    Author:    Source:www.chinabuses.org
Summarize:Recently, Cummins released data on its official website, showing that its business revenue stood at 5 1 billion USD in the second quarter of 2017, up by 12% year on year

www.chinabuses.org: Recently, Cummins released data on its official website, showing that its business revenue stood at 5.1 billion USD in the second quarter of 2017, up by 12% year on year.

​The rise of its business revenue in the second quarter can be mainly attributed to the fast growing demand for trucks and construction facilities in both North American and Chinese market. In addition, its business in mining and petrochemical areas have contributed immensely to its overall growth. Its business revenue in the North American market grew by 13% year on year while its sales income in the overseas market went up by 11% year on year mainly thanks to the growing demand in China and India.

In the second quarter of this year, Cummins’ net income reached 424 million USD and its diluted earnings per share stood at 2.53 USD. In the same period last year, its net income reached 406 million USD while its diluted earnings per share stood at 2.40 USD.

In the second quarter of this year, Cummins’ tax rate registered at 26.4% and its earnings before interests and taxes (EBIT) reached 620 million USD, which accounted for 12.2% of its sales income in the same period. In the second quarter last year, its EBIT stood at 591 million USD.

Cummins Engine Business Department

In the second quarter this year, the sales income of Cummins Engine Business Department reached 2.3 billion USD, up by 15% year on year. Its earnings before interests and taxes (EBIT) reached 277 million USD, accounting for 12% of its sales income. Its sales income of engines used for transport market rose by 14% while its sales income of engines used for non-road market went up by 20%.

Cummins Distribution Business Department

In the second quarter this year, the sales income of Cummins Distribution Business Department rose by 12% year on year, reaching 1.7 billion USD. Its earnings before interests and taxes (EBIT) reached 96 million USD, accounting for 5.6% of its sales income.

Cummins Spare Parts Business Department

In the second quarter this year, the sales income of Cummins Spare Parts Business Department went up by 14% year on year, reaching 1.5 billion USD. Its earnings before interests and taxes (EBIT) reached 190 million USD.

Cummins Power System Business Department

In the second quarter this year, the sales income of Cummins Power System Business Department reached one billion USD. Its earnings before interests and taxes (EBIT) stood at 61 million USD.

Editor:

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