Cummins had a pre-tax interest income of US$2.5 billion for the full year and a pre-tax yield of 13%. The figures for 2013 are US$2.16 billion and 12.5% ​​respectively. In 2014 Cummins achieved a global net profit of US$1.65 billion (dilutive earnings per share of US$9.02), exceeding the level of US$1.48 billion in 2013 (diluted earnings per share of US$7.91).
"Despite the economic downturn in several of Cummins' most important markets, we still created new track records in 2014." Tom Linebarger, Cummins Chairman and Chief Executive Officer, said, "The North American market needs The increase is an important reason for our 11% growth rate.In addition, our implementation of the acquisition strategy of distributors and the successful listing of new products have contributed to the growth of the Chinese market.We will continue our commitment to technological innovation and product leadership to continue Invest in future growth projects and take effective measures to further increase EBITDA."
Cummins’ progress in profitability was mainly due to the record performance of the parts and distribution business and the success of the engine business. It is expected that the road market in North America will continue to grow steadily in 2015, but the strengthening of the US dollar in the international exchange rate market may have an adverse impact on Cummins' business. The overall performance of the international market is expected to remain weak.
Lan Bowen stressed: "In 2015, we are committed to continuously improving the quality of our products and services and effectively controlling costs to further enhance our financial performance."
Based on the current forecast, the growth of Cummins' sales revenue in 2015 is expected to be between 2-4%, and the EBIT margin will be around 13.5-14%.
Car Temporary Phone Number Parking Card Hidden Magnetic Drawer style florescent Phone Number Plate,Temporary Parking Card for you to solve the hardships due to car full of hardships, is an essential tool for every car. With it, there is no parking space nor worry about temporary parking.
This temporary card made of PVC material, unique design.warmly welcome by customers.
Easy and convenient: Just one click to show, hide numbers, better, and more convenient to protect the owner's privacy.
Unique design: Temporary parking card drawer type, including soft magnetic material number, independent number card slot, easy to remove the card slot to install or replace the card slot number
Temporary Parking Card
Temporary Parking Card,Parking Permit,Parking Stickers,Parking Pass
Ninghai Chunye Car Accessories Co.,ltd. , http://www.chunyeauto.com