Cummins (CMI) reports Q1 EPS of $3.41, doesn't provide revenue or profitability guidance for 2020
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Cummins Reports First Quarter 2020 Results
April 28, 2020 7:30 AM EDTFirst quarter revenues of $5.0 billion; GAAP1 Net Income of $511 million First quarter EBITDA of 16.9 percent; Diluted EPS of $3.41 The company ended the quarter with cash, cash equivalents and marketable securities of $2.0 billion and committed borrowing capacity of $1.9 billion The companys long-term credit ratings remain unchanged at A+ from Standard & Poors and A2 from Moodys with stable outlooks Previously announced restructuring actions were completed in the quarter and will yield annual cost savings of $250 to $300 million in 2020
COLUMBUS, Ind.--(BUSINESS... More
