Cummins Revenue Increases 11% in 2014 Net Profit Increases 13%

Cummins recently announced the company’s fourth quarter financial report. The company’s revenue and net profit all achieved steady growth in the previous quarter.

In the fourth quarter of 2014, Cummins’ operating income was US$5.09 billion, up 10.9% from US$4.588 billion in the same period of 2013; EBIT was up 16.8% year-on-year to US$661 million, compared to US$566 million in the same period of 2013; net profit reached The company spent 444 million U.S. dollars, up 2.8% from 432 million U.S. dollars in the same period in 2013.

In 2014, Cummins’ operating income totaled US$19.221 billion, an increase of US$17.301 billion from 2013, an increase of 11.1% year-on-year. Operating profit was US$2.53 billion, up 17.1% from US$2.16 billion in 2013; net profit climbed from US$1.483 billion in 2013 to US$1.672 billion, an increase of 12.7%.

Among all business units, the engine division's sales in the previous quarter increased by 11% year-on-year to US$2.839 billion; sales of Components parts increased by 16% year-on-year to US$1.321 billion; Power Generation Sales were US$760 million, which was at the same level as in the same period of 2013; distribution division’s quarterly sales reached US$1.694 billion, a year-on-year increase of 58%.

In the third quarter of last year, Cummins raised its expectations for the entire year, and its operating income growth is expected to increase from 10% to 12%. Combining various factors, Cummins expects its operating revenue in 2015 to grow by 2% to 4%, and operating income is expected to reach between 19.61 billion US dollars and 12 billion US dollars.

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