subject: Cummins Strong Performance In The Fourth Quarter 2009 Rose 3% - Cummins Engine - Construction [print this page] Cummins IncCummins Inc. announced in 2009 Q4 and full year performance in 2009
Cummins fourth quarter of 2009, achieving strong performance in 2010 Sell Amount of 11,000,000,000 U.S. dollars is expected to reach
2010 2 2 Day? Cummins Inc. (NYSE: CMI) today announced 2009 fourth quarter results. Outstanding sales performance in key global markets, as well as a series of cost containment measures the company properly, Cummins revenues to achieve their best quarter of earnings.
Cummins 2009 fourth quarter sales revenue of 3.4 billion U.S. dollars, compared with growth of 3% over the same period in 2008. Net profit reached 270 million U.S. dollars, equivalent to earnings per share of 1.36 U.S. dollars, far exceeding last year's 43 million U.S. dollars, equivalent to 0.22 per share level. EBIT for the quarter was 3.83 billion U.S. dollars, accounting for 11.3% of sales, in 2008 the amount of the fourth quarter were 56 million U.S. dollars and 1.7%.
Cummins in 2009 full year sales of 108 billion dollars, over the 2008 14300000000 down 25%. This is mainly because of global economic recession has led Cummins demand in most markets declined. Despite the adverse effects of recession, Cummins in the 2009 full year profits are still to achieve steady performance and strong cash flow, and each quarter's performance than on a steadily rising.
Excluding restructuring and other expenses, Cummins whole year EBIT 774 million U.S. dollars, accounting for 7.2% of sales. 2008 per annum pre-tax income amounted to 1.26 billion U.S. dollars, EBIT was 8.8%. 2009 net income of Cummins 4.28 billion U.S. dollars, down 43 percentage points in 2008, equivalent to earnings per share of 2.16 U.S. dollars. The data of 2008 were 755 million U.S. dollars and 3.84 U.S. dollars.
Cummins added the fourth quarter cash flow of 244 million U.S. dollars in 2009 to achieve 500 million U.S. dollars annual cash income. This is mainly due to companies around the world driven down costs, reducing inventory, and adjust capacity on demand and other effective measures.
Cummins to the end of 2009 cash flow of 9.3 billion, as businesses lay a sound foundation for sustainable development.
Cummins Chairman and CEO SU Zhi-qiang (TimSolso) said: "In the year 2009, worldwide economic crisis, deep under adverse conditions, we still reached a good performance. We are beginning in the crisis determined to take effective measures to optimize production, and the tireless efforts of Cummins employees around the world together to promote the company to achieve performance goals. the most serious economic crisis in recent years the challenge, Cummins continues to achieve solid earnings income, and achieved a healthy cash flow and continue to focus on key technologies and future investment projects. "
In achieving sound financial performance, the Cummins in 2009 to continue in the areas of new product development and increased investment to ensure that the Cummins industry-leading product again first meet the most stringent emissions regulations, and successfully entered the growing markets in China and other new product areas.
To China, India and Brazil are represented by emerging markets for promoting the steady growth of the force Cummins. These economies than in other mature markets the first to bottom out. Cummins is expected in 2010, India and Pakistan to achieve superior market performance. Meanwhile, the impact of emissions regulations by EPA2010 U.S. auto market in the fourth quarter Engine And Parts Product sales have increased dramatically.
Cummins sales and earnings for 2010 is expected to be flat with 2009. The company forecast 2010 sales of 110 million, EBIT was 7%. Cummins in 2010 is expected to achieve strong financial income and cash flow, and continue to invest in key products and technology for the company to lay the cornerstone of long-term sustainable development.
