New Quarter, Old Story
There is only so much a writer can do to make the Cummins story sound fresh after so many similar quarters. For the second quarter, Cummins reported that sales climbed 45% and exceeded the upper end of the Wall Street analyst range. Company revenue was pushed along by 53% growth in engines (which is close to two-thirds of sales), but 42% growth in components, 28% growth in power generation and 36% growth in distribution were nothing to cry about either.
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