Cummins announces record-setting 2018 numbers
Cummins is reporting record-setting revenues of $23.8 billion for last year, 16 percent higher than 2017.
The company announced its fourth quarter and year end results this morning. According to the company, revenues in North America increased 19 percent last year and international sales grew 12 percent.
Earnings for the year, before interest and other deductions, were also a record, with $3.5 billion in 2018, compared to 3 billion in 2017. The revenue as a percent of sales fell slightly, going from 14.8 percent in 2017 to 14.7 percent last year.
Based on the current forecast, Cummins projects revenues for this year to be flat or up to 4 percent.