Cummins (CMI) Misses Q3 EPS Expectations; Plans to Cut ~2,000 Positions
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Cummins Announces Actions to Respond to Slowdown in Global Markets and Reports Third Quarter 2015 Results
October 27, 2015 7:30 AM EDTThird quarter revenues of $4.6 billion, EBIT of 12.5 percent of sales Full year outlook revised down with revenue expected to be flat to down 2 percent and EBIT to be in the range of 12.75 to 13.0 percent of sales
COLUMBUS, Ind.--(BUSINESS WIRE)-- Cummins Inc. (NYSE: CMI) today announced restructuring and cost reduction actions to respond to a slowdown in global markets and lowered its outlook for 2015. The Company expects to reduce its professional workforce by up to 2,000 people, with the... More
