Cummins has strong 2Q

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

July 25, 2003

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."