Cummins’s revenue for the second quarter was US$5.1 billion, which was mainly driven by the rapid growth in the demand for trucks and construction equipment in North America and China. In addition, the mining and petrochemical business also became the main driving force for revenue growth. Operating income in North America rose by 13% year-on-year, and Cummins’ overseas sales rose by 11% year-on-year due to increased demand in China and India. In the second quarter, Cummins’ net income was US$424 million, or diluted earnings per share of US$253 million. Net income for the same period last year was US$406 million, and diluted earnings per share was US$2.4. The second quarter's tax rate was 26.4%. The EBIT of the second quarter was US$620 million, or 12.2% of sales, and the EBIT of the same period last year was US$591 million. Engine Division In the second quarter, Cummins's engine business had sales of $2.3 billion, up 15% from the same period last year. The EBIT of the business was US$277 million, or 12% of sales. Revenue from road engines rose by 14% year-on-year, while revenue from non-road engines increased by 20% Distribution Division The distribution division’s second-quarter sales were US$1.7 billion, which represented a year-on-year increase of 12%. The EBIT of the business was US$96 million, or 5.6% of sales. Parts Business Department In the second quarter, the Parts & Components Division generated sales of US$1.5 billion, an increase of 14% from the same period last year, and the EBITDA of the business was US$190 million. Power System Division The Power Systems Division had sales of US$1 billion and EBIT was US$61 million. led steering wheel vw,led carbon fiber steering wheel,vw led steering wheel TD DYNAMICS CO., LIMITED , https://www.tddynamics.com
Cummins sales summary
Cummins Inc. reported revenue of $5.1 billion in the second quarter of 2017, up 12% from the same period last year, according to data released by Cummins.com. Based on US GAAP, net income in the second quarter was US$424 million.