Cummins Inc. (NYSE: CMI), a leading provider of power solutions, reported higher net sales and earnings for the second quarter of 2023. The management reaffirmed its full-year guidance.
June quarter sales increased to $8.64 billion from $6.59 billion in the corresponding period of 2022. Net income attributable to the company was $720 million or $5.05 per share, compared to $702 million or $4.94 per share in the prior-year quarter.
The company said it is maintaining its full-year 2023 guidance — expecting revenue to be up 15 to 20% and EBITDA to be 15.0 to 15.7% of total sales.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Earnings Preview: FedEx looks set to report mixed results for Q4 2025
FedEx Corp. (NYSE: FDX) is preparing to report fourth-quarter earnings on Tuesday, June 24, at 4:00 pm ET. Recently, the management lowered its full-year earnings and revenue guidance for the
How Ulta Beauty’s (ULTA) new strategy is fueling growth
Shares of Ulta Beauty, Inc. (NASDAQ: ULTA) were up over 1% on Monday. The stock has gained 31% over the past three months. The beauty retailer started fiscal year 2025
Earnings Preview: What to look for when Kroger (KR) reports Q1 2025 results
The Kroger Co. (NYSE: KR) is expected to report its first-quarter financial results next week. Customer engagement remained stable last year, driven by high-quality products and tailored promotional offers. Recently,
