May 3, 2018
The OEM has published its financial results for the first quarter of the year, showing a slight dip.
The Connecticut-based company saw its total revenue drop to $2.43 billion (€2.02 billion), a minor fall of 0.8 percent from $2.45 billion (€2.04 billion) in the same period last year.
Of this, there was also a decrease in revenue from equipment, now coming in at $499 million (€416.7 million) from a previous of $513 million (€428.4 million) – a 2.7 percent reduction.
The OEM’s net income dropped as well, from $42 million (€35 million) in Q1 of 2017, but remained healthy at $26 million (€21.7 million).
There was a similar fall in income from continuing operations, falling to $26 million (€21.7 million) this quarter from $48 million (€40 million) in the equivalent period of 2016.
Categories : City News