Cummins (CMI) Tops Q2 EPS by 7c, to Explore Strategic Alternatives for its Filtration Business
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Cummins Reports Second Quarter 2021 Results
August 3, 2021 7:30 AM EDTSecond quarter revenues of $6.1 billion; GAAP1 Net Income of $600 million. Second quarter EBITDA of 15.9 percent; Diluted EPS of $4.10. The company is maintaining its full year 2021 revenue guidance to be up 20 to 24 percent. EBITDA is expected to be in the range of 15.5 to 16.0 percent; consistent with prior guidance. Cummins is also announcing the exploration of strategic alternatives for its filtration business. Potential strategic alternatives to be explored include the separation of the Cummins Filtration business unit into a stand-alone company.
COLUMBUS, Ind.--(BUSINESS... More
