Cummins Inc.'s leading executives said Tuesday that new products and tougher emissions standards across the globe would allow the engine maker by 2018 to reach annual sales of between $25 billion and $31 billion. Last year, the company reported sales of $17.3 billion.
Executives, including Chief Executive Officer Tom Linebarger, told about 100 Wall Street analysts and shareholders that the company expects its revenues to rise at two to three times the growth rate of global Gross Domestic Product over the next five years. Whether sales would reach $31 billion or $25 billion will depend on global economic conditions, the company said in a press release.
The company would not say how the projected sales growth would affect employment.
For the full story, see Wednesday's edition of The Tribune.
If I want to find growth stocks, I use google alert and I put keywords such as "gross margin increase" or "revenue increased more than" or "EPS increased". For value stocks, I can use "significantly less than book value" or "Ben Graham stock" or "Buffett
Recent CMI News
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/10/2024 08:32:20 PM
- Mohr Logistics Park signs 1 million square foot lease with Cummins Inc. • PR Newswire (US) • 05/09/2024 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 06:11:34 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/07/2024 08:11:55 PM
- Accelera Battery System to Power BMC Otomotiv Electric Transit Buses in Europe • Business Wire • 05/07/2024 12:00:00 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/06/2024 08:00:05 PM
- Cummins, Verizon Business ink groundbreaking deal for combo Neutral Host + Private 5G network • GlobeNewswire Inc. • 05/06/2024 01:30:00 PM
- Cummins Reports First Quarter 2024 Results • Business Wire • 05/02/2024 11:30:00 AM
- Cummins Promotes Alison Trueblood to Vice President – Cummins Emissions Solutions • Business Wire • 04/30/2024 02:59:00 PM
- Li Auto Stock Drops 7.3% Amid Tesla Price Cuts, Salesforce Retreats from Informatica Deal, and Other Market Updates • IH Market News • 04/22/2024 12:09:21 PM
- Cummins Announces Final Results of Exchange Offer and Finalizes Separation of Atmus Filtration Technologies Inc. • Business Wire • 03/18/2024 06:59:00 PM
- Cummins Announces Preliminary Results of Atmus Filtration Technologies Inc. Exchange Offer • Business Wire • 03/14/2024 12:39:00 PM
- Accelera fuel cells power locomotive in Austrian project HY2RAIL • Business Wire • 03/13/2024 11:00:00 AM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 03/11/2024 09:22:47 PM
- Cummins Announces Final Exchange Ratio of 12.0298 in Split-Off of Atmus Filtration Technologies Inc. • Business Wire • 03/11/2024 09:15:00 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 03/11/2024 09:14:14 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 03/08/2024 10:00:24 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 03/07/2024 09:54:03 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 03/06/2024 10:02:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 01:03:03 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 01:03:01 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 01:01:50 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 01:01:47 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 01:01:43 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 01:01:40 AM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM