First Quarter Revenues for Cummins Decreased Y-o-Y

Cummins Inc. reported first quarter revenues of $3.9 billion decreased 12% from the first quarter of 2012. Revenues in North America declined by 15% and international revenues declined by 10% as the company experienced weaker demand in most major geographies and end markets.

by Staff

May 3, 2013

1 min to read

Cummins Inc. reported first quarter revenues of $3.9 billion decreased 12% from the first quarter of 2012.

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

Earnings before interest and taxes were $437 million or 11.1% of sales, compared to $658 million or 14.7% 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.

The most significant decline in demand occurred within the Engine Business, with total unit volumes down 18% year-over-year. Shipments of high horsepower engines declined by 24% due to weakness in mining, oil and gas and power generation markets.

Based on the current forecast, the company expects full year revenues to be flat to down 5% and EBIT to be in the range of 13% to 14% of sales.

Topics:Cummins financials Fleet Management

More Fleet Management

AUCTION OF EQUITY INTEREST IN HEAVY HAUL TRUCKING COMPANY!!

Mark your calendar: June 30, 2026 (10:00 a.m. PDT). MagnaTrans, LLC, a California limited liability company doing business as Magna Transportation Group is going to auction! Bid on a 37.5% ownership interest in this Rancho Cucamonga-based heavy haul and over-dimensional trucking company operating across California, Oregon, and Arizona. The equity interest will be sold to the highest bidder or bidders under Article 9 of the Uniform Commercial Code at 10:00 a.m. PDT.

Fleet Management•by News/Media Release•June 4, 2026

Volvo Trucks Adds Unattended Over-the-Air Software Update Capabilities

The latest evolution of Volvo’s over-the-air update technology allows software updates to run while trucks are parked, helping fleets keep vehicles current without disrupting operations.