LAKEWOOD, N.Y., September 18 /CNW/ - Cummins Inc. (NYSE: CMI) will share
its message for creating sustainable earnings growth with members of the
investment community today at a conference at the Company's Jamestown Engine
Members of the Cummins leadership team, including Chairman and CEO Tim
Solso; President and Chief Operating Officer Joe Loughrey; Chief Financial
Officer Jean Blackwell and each of the Company's operating unit presidents
will make presentations to investment analysts. Those in attendance also will
be offered tours of the 1 million square foot manufacturing facility that is
home to Cummins' heavy-duty engine production, as well as manufacturing for
Cummins Emission Solutions.
The conference will be webcast live starting at 9 a.m. today. The link to
the webcast can be found on the home page and the investor relations portion
of the Company's web site, www.cummins.com.
Cummins' leadership team will outline the Company's efforts to build on
three consecutive years of record sales and profits. The presentations at
today's conference will center around three basic themes:
-- Cummins is well positioned to capture long-term growth trends.
-- Cummins' technical leadership gives the Company a significant
-- Cummins' global presence is unmatched by others in the industry.
The Company also today reaffirmed its financial guidance for 2007, which
it first provided at the time of its second quarter earnings announcement in
July. Based on the Company's strong first half and its projections for the
remainder of the year, Cummins expects to earn between $7.15 and $7.65 a
"The broad strength we are experiencing in our markets around the world
has positioned us for the best year in the Company's history, and the future
looks extremely bright," Solso said. "We are committed to investing in
profitable growth opportunities that allow us to take advantage of our global
footprint, technological expertise and commitment to providing our customers
with the best possible products and service."
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 more
than 160 countries through its network of 550 Company-owned and independent
distributor facilities and more than 5,000 dealer locations. Cummins reported
net income of $715 million on sales of $11.4 billion in 2006. Press releases
can be found on the Web at www.cummins.com.
Information provided in this release and on the webcast that are 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.
For further information:
For further information: Cummins Inc. Mark Land, 317-610-2456 Director
of Public Relations firstname.lastname@example.org