Earnings release
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August 3 , 2021 Cummins Cummins Reports Second Quarter 2021 Results • Second quarter revenues of $ 6.1 billion ; GAAP¹ Net Income of $ 600 million . • Second quarter EBITDA of 15.9 percent ; Diluted EPS of $ 4.10 . • The company is maintaining its full year 2021 revenue guidance to be up 20 to 24 percent . • EBITDA is expected to be in the range of 15.5 to 16.0 percent ; consistent with prior guidance . • Cummins is also announcing the exploration of strategic alternatives for its filtration business . Potential strategic alternatives to be explored include the separation of the Cummins Filtration business unit into a stand - alone company . COLUMBUS , Ind .-- ( BUSINESS WIRE ) -- Cummins Inc. ( NYSE : CMI ) today reported results for the second quarter of 2021 . R Second quarter revenues of $ 6.1 billion increased 59 percent from the same quarter in 2020 . Sales in North America increased 74 percent while international revenues increased 42 percent driven by strong demand across all global markets compared to the same quarter in 2020 , which was impacted significantly by the pandemic . Currency positively impacted sales by 3 percent primarily due to a weaker US dollar . " Strong demand across many of our key markets drove continued sales growth in the second quarter , particularly in North America , and resulted in solid profitability , " said Chairman and CEO Tom Linebarger . " The strength of the order board reflects robust underlying demand in many of our markets which is remarkable considering the challenges and uncertainty we faced during this same period last year . I cannot thank our employees and the employees of our supply base enough for their unwavering contributions during these challenging times given the significant supply chain constraints we continue to experience in our industry . " Earnings before interest , taxes , depreciation and amortization ( EBITDA ) in the second quarter were $ 974 million ( 15.9 percent of sales ) , compared to $ 549 million ( 14.3 percent of sales ) a year ago . Net income attributable to Cummins in the second quarter was $ 600 million ( $ 4.10 per diluted share ) compared to $ 276 million ( $ 1.86 per diluted share ) in 2020. The tax rate in the