The BusinessWeek 50 Ranking
29
Cummins
With business booming, the nation's trucking outfits are finally trading in their old rigs for new ones. And that means good times are here again for Cummins. The diesel-engine maker boosted its earnings by 548% last year. The driver for that growth was greater demand for highway trucks in the U.S., which ended a three-year slump. Cummins also did well in China, where sales doubled in its joint-venture with Dongfeng Automotive Corp. The Columbus (Ind.) company expects another record-breaking year in 2005, although Solso concedes Cummins won't match its 2004 growth rates.
Company Info
| 2004 Rank | 297 |
| STOCK INFO | CMI |
| Market Value | $3.2 BILLION |
| Total Return | (1-yr.) 51.2%
(3-yr.) 92.2% |
| 2004 sales | $8.4 BILLION |
| Sales Growth | (1-yr.) 34%
(3-yr.) 13.4% |
| Net income | $350 MILLION |
| Net Income Growth | (1-yr.) 548%
(3-yr.) 110.5% |
| Net Margin* | 4.1% |
| Return on Equity* | 25.0% |
| Industry | CAPITAL GOODS |
| CORPORATE WEB SITE | |
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*Trailing 12 months
Company data as of 2/28/05 provided by Standard & Poor's Compustat
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Company Snapshot
Cummins, Inc. engages in the design, manufacture, distribution, and service of diesel and natural gas engines, electric power generation systems, and engine-related products. Its four segments include The Engine Business, The Power Generation Business, The Filtration and Other Business, and The International Distribution Business. The Engine Business manufactures and markets engines and aftermarket products for heavy and medium duty trucks, buses, recreational vehicles, and light commercial vehicles; and for equipment in the construction, agricultural, mining, marine, rail, and government markets. The Power Generation Business provides electric generators; power systems; and related accessories, components, and services. These products include diesel and gas generators used in recreational vehicles, commercial vehicles, and pleasure boats, as well as diesel and gas generator sets, transfer switches, and switchgear used in commercial facilities for emergency back-up and prime power. The Filtration and Other Business produces filters, silencers, and intake and exhaust systems; and supplies turbochargers for commercial applications. The International Distribution Business provide parts and services to its customers, as well as full service solutions, including maintenance contracts, engineering services, and integrated products. The company also sells its products to original equipment manufacturers, distributors, and other customers, worldwide. It offers various engine products with displacement from 1.4 litres to 91 liters and horsepower ranging from 31 to 3,500. The company was founded in 1919 and is headquartered in Columbus, Indiana.
No. of Employees
NA
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