Cummins has announced the second quarter financial report a few days ago. Although the previous quarter's net profit still did not achieve growth, the company raised its revenue forecast for the full year this year thanks to the engine orders signed with Navistar. In the second quarter of this year, Cummins’ operating income in the North American market increased by 7% year-on-year, while overseas market operating revenue fell by 4% year-on-year. In overseas markets, the growth of the Brazilian and Chinese markets was offset by lower revenues in Europe, India and Mexico. The company’s overall operating income worldwide reached US$4.53 billion in the previous quarter, an increase of 1.6% over the same period last year. In each business segment, operating revenue of Engine Division decreased by 7% year-on-year to US$2.7 billion; revenue of Parts & Components Division increased 8% year-on-year to US$1.1 billion; revenue of Power Division decreased by 10% to US$8.1 billion Distribution division increased 1% year-on-year to US$950 million. Cummins’ operating profit reached US$610 million in the second quarter, down from 6.5 billion US dollars in the same period of last year and down 5.9% year-on-year; net profit also suffered a decline, down 11.7% to US$410 million, but a sharp increase of 46.8 compared to the first quarter of this year. %. From the perspective of overall performance in the first half of this year, Cummins’ operating income totaled US$8.45 billion, a decrease of 5.3% from US$8.92 billion in the same period of last year. Cummins’s accumulated net profit decreased by 24.7% year-on-year in the first half of the year due to a sharp decline in net profit in the first quarter. , from 920 million U.S. dollars in the same period last year to 700 million U.S. dollars.
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