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Cummins releases second quarter results


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Tribune photo by Aaron Piper / Cummins' earnings were up this year compared to last year.
Tribune photo by Aaron Piper / Cummins' earnings were up this year compared to last year.


Cummins Inc. today reported results for the second quarter of 2014.

Second quarter revenue of $4.8 billion increased 7 percent from the same quarter in 2013. The increase year-over-year was driven by stronger demand in on-highway markets and distributor acquisitions in North America.

Revenues in North America increased 14 percent while international sales decreased 1 percent compared to the second quarter a year ago. Within international markets, lower revenues in Mexico, Brazil and India offset stronger demand in China.

Earnings before interest and taxes (EBIT) were $657 million for the second quarter or 13.6 percent of sales. This compares to $621 million or 13.7 percent of sales a year ago.

Net income attributable to Cummins in the second quarter was $446 million ($2.43 per diluted share), compared to $414 million ($2.20 per diluted share) in the second quarter of 2013.

For more on this story, see Tuesday's Republic.

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