Cummins 2017 net income drops 28.3% y/y to USD999 million
Company forecasts 2018 sales to grow by 4–8%
Cummins has reported 28.3% year-over-year (y/y) decline in net income to USD999 million in the financial year ended 31 December 2017, the company said in a press release on 6 February. The company witnessed sharp decline in net income as income tax expense in 2017 nearly tripled to USD1.4 billion compared with USD474 million a year earlier.
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