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Cummins Reports Q2 Profits

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Cummins Inc. today reported second-quarter earnings of 34-cents per share, or $14 million of profit after taxes, on sales of $1. 54 billion.

Cummins said increased sales of Dodge Ram trucks powered by Cummins Turbo Diesel engines and a rebound in sales in the North American heavy-duty truck market helped it achieve stronger than expected earnings.



"We believe this quarter's results demonstrate that we are well positioned for the market upturn," said chairman & CEO Tim Solso. "We will continue to tightly manage spending and believe we will benefit strongly as our markets continue to recover. "



(From a Primedia email newsletter)
 
American Axle's earnings also went up, guess that's what happens when you don't fill your product up to the proper level with lube!!:p
 
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