Engine maker Cummins Inc. (NYSE: CMI) expects full-year 2021 sales to rise as much as 24% following consensus-crushing Q1 revenue and profits.
First-quarter revenues of $6.1 billion rose 22% over $5 billion the same quarter in 2020. Q1 net income was $603 million, or $4.07 per fully diluted share, compared to $511 million, or $3.41. Earnings before interest, taxes, depreciation and amortization (EBITDA) was 16.1% of sales.
Analysts expected per-share earnings of $3.47 and revenue of $5.35...
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