COLUMBUS, Ind. — Cummins Inc. reported this morning increases in fourth-quarter sales and profits compared to a year ago, which helped lead to a record year for sales and profits in 2018.
Full-year sales of $23.8 billion were 16 percent higher than in 2017.
Net income attributable to Cummins for the full year was $2.1 billion ($13.15 per diluted share), compared to a net income of $999 million ($5.97 per diluted share), or $1.8 billion ($10.62 per diluted share) excluding the impact of tax legislation.
Fourth quarter revenues of $6.1 billion increased 12 percent from the same quarter in 2017.
Net income attributable to Cummins in the fourth quarter was $579 million ($3.63 per diluted share), compared to a net loss of $274 million ($1.65 per diluted share), or $503 million ($3.03 per diluted share) excluding the impact of tax legislation in the fourth quarter of 2017.
“I want to thank the more than 60,000 global employees who made our 2018 record sales and profits a reality,” said Chairman and CEO Tom Linebarger.
Please read Thursday’s edition of The Republic for more details.