Cummins announces qtrly earnings per share $1.97

Cummins announces fourth quarter and full year 2019 results.q4 revenue $5.6 billion versus refinitiv ibes estimate of $5.3 billion.expects full year 2020 revenues to be down 8 to 12 percent, ebitda expected to be in range of 14.2 to 15.2 percent.fourth quarter results include a $119 million pre-tax restructuring charge.qtrly earnings per share $1.97.qtrly adjusted earnings per share $2.56.plans to return 75% of operating cash flow to shareholders in form of dividends and share repurchase in 2020.revenue declines in 2020 are driven by lower truck production in north america, europe, china, and india among other things.actions taken to reduce costs will mitigate further slowdown in 2020.q4 earnings per share view $2.42 -- refinitiv ibes data.cummins-2020 revenue declines driven by lower projected demand in off-highway markets, global power generation, mining, oil & gas, construction markets.
CMI Ratings Summary
CMI Quant Ranking