Cummins Inc. (NYSE: CMI) rode a recovery of truck and construction demand in China to significant beats of fourth-quarter sales and earnings estimates by analysts.
Fourth-quarter revenues of $5.8 billion increased 5% from the same quarter in 2019. North America sales were flat. International revenue rose 12%.
Q4 earnings before interest, taxes, depreciation and amortization (EBITDA) were $837 million, or 14.4% of sales. That included $36 million in reorganization and facility closures. In the...
https://www.freightwaves.com/news/cummins-beats-on-sales-and-earnings-thanks-to-china-recovery