COLUMBUS, Ind. — Cummins Inc. announced record third-quarter sales and profits, spurred by growth in most major markets, and another large repurchasing of stock shares.
The company said Tuesday it achieved revenues of more than $5.9 billion, an increase of 12.5 percent from the same July-through-September period in 2017.
Net income of $692 million ($4.28 per diluted share) increased nearly 53 percent from $453 million ($2.71 per diluted share) from last year. Positive tax impacts added $37 million to net income in the quarter, including $34 million due to changes in U.S. tax reform, Cummins said.
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