Copied and pasted from Cummins own web site:
Cummins announces results for 2012, revenues of $17.3 billion and EBIT of 13.7 percent excluding special items
**Fourth quarter revenues of $4.3 billion, EBIT of 12.9 percent of sales excluding restructuring costs
**Expects 2013 revenue to be flat to down 5 percent and EBIT to be in the range of 13 to 14 percent of sales
COLUMBUS, IND. * Cummins Inc. (NYSE: CMI) today reported results for the fourth quarter and full year of 2012.
Fourth quarter revenue of $4.3 billion decreased 13 percent from the same quarter in 2011 reflecting weakness in most major markets and geographies. The decrease year-over-year was driven by weaker demand in trucks.
Engine Segment
**Sales * $2.5 billion, down 18 percent.
**Segment EBIT * $272 million, or 10.9 percent of sales, compared to $368 million or 12.0 percent of sales.
DUH! Add this to the 2013 Dodge/Ram CTD truck non-production woes and how much lower will the 2013 sales actually be?
The 2,000,000th Cummins engine built for Chrysler Corp trucks was supposed to have occured in Dec 2012 but didn't until April 2013. Look it up!
