Cummins announced the first quarter of 2014 financial report, the company's North American market business growth last quarter was strong, but the weak demand in overseas markets, the overall operating income increased by 12.3% year-on-year, reaching 4.41 billion US dollars.
In the first quarter of this year, Cummins’ operating income in the North American market increased by 25% year-on-year, while overseas market revenues were basically the same as the same period of last year, with growth in both China and Europe, but India, Australia, Mexico and Brazil. Weak performance offset.
Cummins’ operating profit last quarter reached US$510 million, a year-on-year increase of 23.9%. Net profit attributable to shareholders of the company reached US$338 million, an increase of 20% from US$282 million in the same period of last year.
In each business segment, the engine division’s revenue for the third quarter increased by 11% year-on-year to US$2.6 billion; the parts and components division’s revenue increased by 21% year-on-year to US$1.2 billion; the power division’s revenue decreased by 14% year-on-year. 640 million U.S. dollars; Distribution Division increased 22% year-on-year to 950 million U.S. dollars.
News original title: Cummins Q1 net profit growth 20% overseas market performance is weak
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