Cummins reports first quarter revenue growth of 8 percent
Cummins Inc. is reporting a strong first quarter this morning.
In its quarterly filing with the SEC, the Columbus-based diesel engine manufacturer is reporting first quarter revenues of $6 billion dollars, up 8 percent from the 2018 first quarter. Cummins officials say the revenue growth comes from increased truck production in North America, plus stronger growth in global construction markets and North American power generation markets.
First quarter sales in North America improved by 13 percent while international revenues increased by 1 percent.
Chairman and CEO Tom Linebarger said in the report that Cummins shipped a record number of truck engines in North America during the first quarter.
The company set a record for earnings before interest, taxes, depreciation and amortization of $1 billion for the first quarter. That compares to $700 million for the 2018 first quarter.
The company says it is is maintaining its year-end guidance on revenues staying flat to being up 4 percent.