Cummins' first-quarter revenues down 12 percent from year ago

COLUMBUS, Ind. — Cummins Inc. today reported that first-quarter revenues for this year of $3.9 billion decreased 12 percent from the first quarter of 2012, according to a company media release.

Revenues in North America declined by 15 percent and international revenues declined by 10 percent as Cummins experienced weaker demand in most major geographies and end markets.

Earnings before interest and taxes were $437 million or 11.1 percent of sales, compared to $658 million or 14.7 percent of sales a year ago.

Net income attributable to Cummins in the first quarter was $282 million ($1.49 per diluted share), compared to $455 million ($2.38 per diluted share) in the first quarter of 2012.

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