| 06-11-2007
Cummins
Inc. (NYSE: CMI) recently reported record revenues and earnings for the third
quarter, led by quarterly-best sales in three of its four business segments. Given
the Company's performance through the first nine months of 2007 and the outlook
for the fourth quarter, Cummins remains on pace to meet its earnings guidance
of $7.15-$7.65 a share, which would make 2007 the most profitable year in company
history. Sales
grew 20 percent to $3.37 billion, from $2.81 billion during the same period in
2006, eclipsing the Company's previous high mark set in the second quarter of
2007. Earnings growth was moderated by a downturn at some OEM customers, and the
expected higher costs associated with the introduction of new emissions-related
products. "We
continue to experience significant growth in most of our markets around the world,
and are well-positioned to take advantage of many opportunities for future growth,"
said Cummins Chairman and Chief Executive Officer Tim Solso. "Our technology
leadership has resulted in a sustainable competitive advantage for Cummins, and
we remain focused on producing profitable growth for all our stakeholders."
Editor:James
Yin from Chinabuses.com
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