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Cummins Corp. recently announced financial reports for the fourth quarter of 2011 and for the full year of 2011.
In the fourth quarter of 2011, Cummins’ sales was US$4.9 billion, a year-on-year increase of 19%, and the increase in sales was mainly driven by the increase in demand in the North American market.
In the fourth quarter of 2011, Cummins’ net profit was $548 million, with diluted earnings per share of $2.86; EBIT was $768 million.
For the full year of 2011, Cummins’ sales was US$18 billion, a year-on-year increase of 36%; net profit was US$1.85 billion, diluted earnings per share was US$9.55, and Cummins’ net profit was US$1.04 billion in 2010, diluted per share. The profit is 5.28 US dollars.