Cummins Inc. (NYSE: CMI) will highlight the role its Components businesses play in helping Cummins deliver sustainable earnings growth at a conference today for industry analysts at the Company’s North American turbocharger production facility.
The Components Group is Cummins’ fastest-growing business segment. It consists of four businesses – filtration, turbochargers, exhaust aftertreatment and fuel systems – which together offer some of the Company’s most significant growth opportunities.
Components Group President Rich Freeland and the heads of each of the businesses will make presentations to analysts and will be available to answer questions. Those in attendance also will be offered tours of Cummins’ 112,000-square-foot turbocharger manufacturing plant.
Today’s presentations will outline the Company’s efforts to grow revenue and profits over the next two to three years. The conference will center around three basic themes:
- Cummins' Components segment is well-positioned to take advantage of long-term growth trends, such as increasingly stringent emissions regulations and the need for greater engine fuel efficiency.
- Cummins’ technical leadership is creating a significant competitive advantage for the Components segment.
- Operational efficiency improvements are positioning Cummins' Components segment to achieve its Earnings Before Interest and Tax target of 9 percent of sales.
“The Components story for this decade has been one of meeting tougher emission standards in the U.S. and Europe,” Freeland said. “The next decade will see a similar emissions push in emerging markets, while our customers in the U.S. and Europe demand greater fuel efficiency.
“These trends, along with Cummins’ technology leadership, position the Components Group for above-market growth by providing more and higher-value content on each engine produced by Cummins and our outside OEM customers.”
The conference will be webcast live starting at 8 a.m. today. The link to the webcast can be found on the investor relations portion of the Company’s web site, www.cummins.com.
About Cummins
Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, (USA) Cummins serves customers in approximately 190 countries and territories through a network of more than 500 company-owned and independent distributor locations and approximately 5,200 dealer locations. Cummins reported net income of $739 million on sales of $13.05 billion in 2007. Press releases can be found on the Web at www.cummins.com.
Forward-looking disclosure statement
Information provided in this release that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the company’s expectations, hopes, beliefs and intentions on strategies regarding the future. It is important to note that the company’s actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including, but not limited to, general economic, business and financing conditions, labor relations, governmental action, competitor pricing activity, expense volatility and other risks detailed from time to time in Cummins Securities and Exchange Commission filings.
Contacts:
Mark Land, 317-610-2456
Director of Public
Relations
mark.d.land@cummins.com
