Engine maker and power systems provider Cummins Inc. reported record second-quarter revenue thanks to the full integration of Meritor Inc. But a key earnings measure fell because Meritor’s gross margin percentage trails its new parent.
By the numbers, Cummins reported:
- Record second-quarter revenues of $8.6 billion with all five business segments reporting higher sales. Year-ago sales were $6.59 billion..
- Net income of $720 million, or $5.05 per diluted share, compared with $702 million, or...
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