Columbus-based Cummins Inc. (NYSE: CMI) is reporting fourth quarter net income of $579 million, compared to a net loss of $274 million during the same period the previous year. Chief Executive Officer Tom Linebarger says 2018 was a historic year for Cummins and he expects another year of record financial results in 2019.
Cummins is also reporting full-year net income of $2.1 billion last year, up from $999 million in 2017. The company says it hit record record revenues of $23.8 billion for the year.
"Our financial strength allows us to continue investing and innovating across our broad portfolio of power solutions to remain a global technology leader for the next 100 years while continuing to return significant capital to investors," Linebarger said in a news release.
You can view the full earnings report by clicking here.