February 6, 2019 / 12:40 PM / 11 days ago

Engine maker Cummins reports 12 percent rise in quarterly sales

Feb 6 (Reuters) - U.S. engine maker Cummins Inc reported a 12 percent rise in fourth-quarter revenue on Wednesday, driven by strong demand for its engines from the heavy-duty truck makers and the construction equipment sector.

Net income attributable to the company was $579 million, or $3.63 per share, in the quarter ended Dec. 31, compared with a net loss of $274 million, or $1.65 per share, for the same period a year earlier.

In the year-ago quarter, the company took a one-time charge of $777 million related to the U.S. tax reform.

Net sales of the company, which competes with Daimler AG , Caterpillar Inc and Ford Motor Co in North America in the engine market, rose 12 percent to $6.13 billion.

Reporting by Rama Venkat in Bengaluru; Editing by James Emmanuel

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below