Last $142.23 USD
Change Today 0.00 / 0.00%
Volume 1.9M
CMI On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

cummins inc (CMI) Key Developments

Cummins Inc. Declares Quarterly Dividend Payable on March 2, 2015

The Board of Directors of Cummins Inc. declared a quarterly common stock cash dividend of 78 cents per share, payable on March 2, 2015 to shareholders of record on February 18, 2015.

Cummins Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

Cummins Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net sales of USD 5,090 million compared to USD 4,588 million a year ago. Operating income was USD 581 million compared to USD 553 million a year ago. Income before income taxes was USD 612 million compared to USD 547 million a year ago. Net income was USD 467 million compared to USD 461 million a year ago. Net income attributable to the company was USD 444 million compared to USD 432 million a year ago. Diluted earnings per share were USD 2.44 compared to USD 2.32 a year ago. Earnings before interest and taxes (EBIT) were USD 629 million for the fourth quarter or 12.4% of sales. These results include USD 32 million of expense associated with cost reduction activities in the Power Generation business. Excluding this expense, EBIT was USD 661 million or 13.0% of sales. This compares to USD 566 million or 12.3% of sales a year ago. For the year, the company reported net sales of USD 19,221 million compared to USD 17,301 million a year ago. Operating income was USD 2,365 million compared to USD 2,101 million a year ago. Income before income taxes was USD 2,434 million compared to USD 2,119 million a year ago. Net income was USD 1,736 million compared to USD 1,588 million a year ago. Net income attributable to the company was USD 1,651 million compared to USD 1,483 million a year ago. Diluted earnings per share were USD 9.02 compared to USD 7.91 a year ago. Net cash provided by operating activities was USD 2,266 million compared to USD 2,089 million a year ago. Capital expenditures were USD 743 million compared to USD 676 million a year ago. EBIT for the year was USD 2.5 billion or 13.0% of sales. Excluding one-time items, EBIT was USD 2.53 billion or 13.2% compared to USD 2.16 billion or 12.5% of sales in 2013. The company expects full year 2015, revenues to grow between 2% and 4%, and EBIT to be in the range of 13.5% to 14.0%. The company currently projects the tax rate to be approximately 29.5% this year, excluding any discrete items compared to an operating tax rate of 28.4% in 2014. Capital expenditures are expected to be in the range of USD 750 million to USD 850 million. The company anticipates operating cash flow performance in 2015 will be within long-term guidance range of 10% to 15% of sales.

Cummins Inc. Presents at Barclays Industrial Select Conference, Feb-19-2015 11:25 AM

Cummins Inc. Presents at Barclays Industrial Select Conference, Feb-19-2015 11:25 AM. Venue: Loews Miami Beach Hotel, 1601 Collins Avenue, Miami Beach, Florida, United States. Speakers: Patrick J. Ward, Chief Financial Officer and Vice President.

Cummins Inc., Q4 2014 Earnings Call, Feb 05, 2015

Cummins Inc., Q4 2014 Earnings Call, Feb 05, 2015

Cummins Announces Management Changes

Cummins Inc. announced that Tony Satterthwaite, Vice President, President - Cummins Power Generation, will become President of the company's Distribution Business Unit, succeeding Vice President and President Pamela Carter who is retiring. Antonio Leitao, Vice President - Power Products for Cummins Power Generation, will succeed Tony Satterthwaite as the leader of that business unit. Both assume their new roles, April 1, 2015. Satterthwaite has been leading Power Generation since 2008. He has been with Cummins since 1988, serving in a variety of roles with that business unit. Leitao worked for a French company in the power generation business before joining Cummins in 2002. He served as Executive Director of Global Commercial Products from 2008 to 2011 when he became Vice President - Power Products.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CMI:US $142.23 USD 0.00

CMI Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Eaton Corp PLC $71.01 USD -0.78
Komatsu Ltd ¥2,517 JPY +27.50
Kubota Corp ¥1,947 JPY +2.00
MAN SE €95.56 EUR -0.099
PACCAR Inc $64.05 USD -0.60
View Industry Companies
 

Industry Analysis

CMI

Industry Average

Valuation CMI Industry Range
Price/Earnings 15.8x
Price/Sales 1.3x
Price/Book 3.3x
Price/Cash Flow 15.7x
TEV/Sales 1.1x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CUMMINS INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.