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Profits at Cummins Inc. rose to $720 million in the second quarter of 2023 from $702 million in the year-ago period on the back of a jump in sales, including at newly acquired Meritor.

The impact of buying Meritor along with heavy-duty truck engine sales pushed Cummins Inc.’s earnings to record heights in the first quarter of 2023, the original equipment manufacturer said May 2.

Meritor Inc. reported fiscal second-quarter net income dipped and revenue increased primarily driven by higher truck production in most global markets and pricing actions.

Engine maker Cummins Inc. is acquiring components manufacturer Meritor in a $3.7 billion cash deal announced Feb. 22.

Meritor Inc. reported quarterly net income nearly doubled and revenue climbed by about 11%, and cited a rising truck market in multiple regions compared with a year earlier.

Meritor Inc. announced several new business awards that expand its role in vehicle electrification, including the medium-duty segment, and broaden its global reach to offset the cyclical North American truck market, its largest customer base.

Meritor Inc. reported higher fiscal year fourth-quarter net income and revenue thanks to higher global truck production.

LONG BEACH, Calif. — Shell and Meritor Inc. have withstood abrupt changes in an evolving transportation industry because of their ability to adapt to new technologies.

Meritor Inc. reported increases in net income and revenue for its fiscal third quarter amid gains in the North American truck market.