Cummins reports improved profits, marine engine sales up
COLUMBUS, Ind. — Cummins Inc. today reported higher sales and significantly improved profits in the first quarter compared to the same period in 2009. The company said gains came on the strength of its performance in key international markets, and cost reductions and productivity gains in manufacturing facilities.
Sales of $2.48 billion rose 2 percent from $2.44 billion in the first quarter in 2009, as growth in the company’s components and distribution segments slightly more than offset declines in the engine and power generation segments.
The company’s engine segment sales were down 5 percent at $1.42 billion; however, marine engine sales increased 13 percent.
For the complete quarterly report, click here.
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