Cummins Announces Financial Results for the Fourth Quarter and Full Year 2015

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cummins logo-large -blackCOLUMBUS, Ind., Feb. 4, 2016 – Cummins Inc. (NYSE: CMI) today reported results for the fourth quarter and full year of 2015.

Fourth quarter revenues of $4.8 billion decreased 6 percent from the same quarter in 2014, with the impact of currency, primarily a stronger US dollar, negatively impacting sales by 4 percent.

Revenues in North America declined 2 percent while international sales declined by 12 percent. Within international markets, sales in Latin America declined the most.

Earnings before interest and taxes (EBIT) in the fourth quarter of 2015 were $531 million, or 11.1 percent of sales, excluding charges for impairments of $211 million and restructuring of $90 million. This compares to $661 million or 13.0 percent of sales a year ago, excluding $32 million of expense related to cost reduction activities in the Power Generation segment in 2014.

Other recent highlights:

  • The Company increased its dividend by 25 percent and repurchased 7.2 million shares
  • For the eighth consecutive year, Cummins was named one of the world’s most ethical companies by the Ethisphere Institute
  • Diversity Inc named Cummins as one of the Top 50 companies for diversity for the seventh consecutive year
  • The Company was named as a winner of the Golden Peacock Award for Excellence in Corporate Governance
  • Cummins was named to the 2015 Dow Jones North American Sustainability Index for the tenth consecutive year

Read the full press release – including fourth quarter 2015 detail for all Cummins business units – by clicking on the link below.

Press Release – Cummins Announces Financial Results for the Fourth Quarter and Full Year 2015

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