Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Cummins Shares Plans for Profitable Growth With Investment Community

Senior leaders of Cummins Inc. Tuesday shared their five-year plans for profitable growth, emphasizing the opportunities presented by tightening emissions regulations in many parts of the world and the acquisition of its distributors in North America.

by Staff
September 17, 2013
2 min to read


Senior leaders of Cummins Inc. Tuesday shared their five-year plans for profitable growth, emphasizing the opportunities presented by tightening emissions regulations in many parts of the world, the acquisition of its distributors in North America and highlighting the roll-out of a broad range of exciting new products.

Ad Loading...

Speaking at a meeting with more than 100 Wall Street analysts and shareholders, Cummins Chairman and Chief Executive Officer Tom Linebarger, Chief Financial Officer Pat Ward and other executives discussed opportunities for all four of the company's operating segments.

Ad Loading...

Cummins expects to grow revenues at two to three times the rate of growth in global GDP and laid out its targets for revenues and profitability in 2018 under two different economic scenarios to reflect the uncertain economic conditions ahead.

Assuming a higher growth environment in the global economy, the company expects to deliver revenues of $31 billion and earnings before interest and taxes (EBIT) of 18% in 2018 and achieve return on equity above 25%.

The company said that in an environment of lower global growth, it expects to deliver revenues of $25 billion and EBIT of 16% in 2018 resulting in return on equity above 20%.

For the engine segment, the company expects revenue of $12 billion to $13 billion in 2015 and EBIT of 12% to 13%. By 2018, the guidance is for $15 billion to $17.5 billion in revenue and 13.5% to 15% EBIT, said Rich Freeland, president of Cummins' Engine Business. He also pointed to an expanding product portfolio, including the 15-liter ISX15G natural gas engine due out in 2016.

Among the key macroeconomic and industry trends that are driving growth opportunities for Cummins, Linebarger said, are:

Ad Loading...
  • globalization

  • emissions standards

  • infrastucture growth

  • price and availability of energy

The company is investing in attractive markets, expanding distribution to capture more aftermarket, capturing the benefits of higher volumes as markets improve, and a "relentless focus on cost."


Linebarger and other company leaders covered a number important topics including:

  • investments in new products that will help Cummins continue to strengthen its competitive advantage and capitalize on these key growth trends;

  • plans to acquire the North America distribution businesses; and

  • continued focus on profitable growth to drive long-term shareholder value.

"We are confident in our plans to grow faster than the end markets we serve," said Linebarger.

More Equipment

Diagram of trailer tandem slider suspension
Equipmentby Deborah LockridgeMarch 19, 2026

SAF-Holland Redesigns Suspension Slider to Save Weight in On-Highway Trailers

SAF-Holland reengineered the UltraLite40 Slider for the ULX40 Mechanical Sliding Suspension and Axle System to reduce weight, improve durability, extend trailer life, and increase payload efficiency.

Read More →
Magnus Koeck, Volvo Trucks North America.
Equipmentby Jack RobertsMarch 18, 2026

Volvo Teases Next-Gen VNX as Platform Expansion Continues at TMC

Volvo Trucks North America highlighted new connectivity, safety tech and production investments at TMC. The OEM also signaled that a new heavy-haul flagship tractor is coming soon.

Read More →
Back of truck cab showing air and electrical line connections
Equipmentby Deborah LockridgeMarch 16, 2026

SAF-Holland Introduces SmartSto System for Safer Tractor-Trailer Uncoupling

The system combines a fifth-wheel air release with stowage for air and electrical connections, helping prevent damage and reducing driver injury risk.

Read More →
Ad Loading...
Diagram of SAF Holland BrakeSight
EquipmentMarch 16, 2026

SAF-Holland’s BrakeSight Aims to Take the Guesswork Out of Air Disc Brake Maintenance

New Haldex sensor technology from SAF-Holland integrates with telematics systems to give fleets continuous insight into air disc brake condition.

Read More →
Solar panels on top of a red Class 8 truck sleeper cab
Equipmentby Deborah LockridgeMarch 15, 2026

Vanair Introduces Solar, Battery Power Ecosystem for Class 8 Trucks

The company’s expanded EPEQ ecosystem includes flexible solar panels, lithium batteries, hydraulic power systems, and a portable fast charger for electric trucks.

Read More →
Phillips Connect Smart Trailer technology.
Equipmentby Jack RobertsMarch 15, 2026

Phillips Connect Expands Smart Trailer Platform with New Safety, Cargo and Equipment Intelligence

Phillips Connect Smart Trailer enhancements give fleets deeper operational insights from trailers -- even when another provider supplies basic GPS tracking.

Read More →
Ad Loading...
Accuride ProShield XGT.
Equipmentby Jack RobertsMarch 15, 2026

Accuride Unveils ProShield XGT Aluminum Wheel Coating at TMC

Accuride’s patent-pending surface-coating technology targets filiform corrosion and promises easier cleaning, longer-lasting gloss, and greater durability for aluminum truck wheels.

Read More →
Valvoline at TMC 2026.
Equipmentby Jack RobertsMarch 15, 2026

Valvoline, Cummins Extend X15 Oil Drain Intervals to 100,000 Miles

New approval for Valvoline Premium Blue One Solution Gen2 allows fleets running Cummins X15 engines to extend oil drain intervals by up to 25,000 miles -- reaching intervals as high as 100,000 miles.

Read More →
Al Anderson, Peterson.
Equipmentby Jack RobertsMarch 15, 2026

A New Approach to Lighting Reliability

Peterson’s Genesis lighting system and repairable J560 connector target two persistent fleet problems: LED light failures and costly electrical connector downtime.

Read More →
Ad Loading...
Illustration of a row of trucks with question marks overlaid
EquipmentMarch 12, 2026

The Hidden Cost of Delaying Truck Replacement

Many fleets extended truck replacement cycles during recent market disruptions. But holding equipment too long can lead to higher repair costs, longer downtime, and new operational risks.

Read More →