Record third-quarter sales, profits for Cummins

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.

Read the full story from The Republic.

Rebecca Smith

Rebecca Smith

Rebecca Smith is a Wisconsin native currently living in Illinois with her husband, Eric, and two dogs, Maggie and Grace. She enjoys hiking, biking, kayaking and, of course, camping in cabins and park models.

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