Cummins reported their most profitable year in the company’s history in 2007 with reported net earnings of $739 million from $13.05 billion in sales providing a total shareholder return of 118 percent, ranking the company 10th in the Fortune 500 companies. Cummins five-year average annual return of 58 percent ranked the company 9th among the fortune 500.
Cummins CEO Tim Solso told shareholders at an annual meeting that he expects further growth over the next several years. Shareholders voted to increase the number of shares of common stock from 300 million to 500 million.
Cummins continues to see strong growth in 2008
Nov 24, 2008
