Cummins expects to beat sales, earnings records set in 2008 in 2012
By APTuesday, March 16, 2010
Cummins expects to top sales, profit highs in 2012
NEW YORK — Diesel engine maker Cummins Inc. said Tuesday that it expects to top its 2008 sales and profit records in 2012.
Executives, including Chairman and CEO Tim Solso; President and Chief Operating Officer Tom Linebarger; Chief Financial Officer Pat Ward and Chief Technical Officer John Wall spoke with analysts during a meeting at the New York Stock Exchange.
The executives set a sales target of $20 billion for 2014.
The company anticipates it will be able to capitalize on its growing presence in international markets as well as increased demand for fuel-efficient diesel engines.
Cummins’ stock added 4 cents to $60.26 in midday trading.
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