Cummins Raises Sales Targets
Cummins Inc. (NYSE:CMI) upgraded its long term outlook for revenues and earnings based on tightening diesel engine emission standards, rising price of energy, globalization and growing investments in infrastructure. The company expects to achieve $30 billion in sales, with earnings before interest and taxes (EBIT) of 18% of sales in 2015. This translated into an [...]
Cummins Inc. (NYSE:CMI) upgraded its long term outlook for revenues and earnings based on tightening diesel engine emission standards, rising price of energy, globalization and growing investments in infrastructure.
The company expects to achieve $30 billion in sales, with earnings before interest and taxes (EBIT) of 18% of sales in 2015. This translated into an annual growth rate of 14% during the period.
The company foresees four of its operating segments to generate strong revenue growth. It … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards