Global power generation company Cummins announced that its revenues of $8.5 billion in the first quarter were an increase of 32% over Q1 of last year. North American sales increased 39% and international revenues were up 24% due to the addition of Meritor as well as strong demand across all key global markets.
First quarter results included $18 million in costs related to its selling off its filtration business
“The company achieved record revenues, EBITDA and EPS in the first quarter of 2023, with demand for our products remaining strong across most of our key markets and regions,” said Jennifer Rumsey, president and CEO. “We are delivering cycle-over-cycle improvement in financial performance despite persistent supply chain constraints, and we continue to invest in sustainable solutions that will protect our planet for future generations and support the success of our customers.”
