Cummins Accumulates $18 Billion in Sales in 2011
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Recently, Cummins announced the financial report for the fourth quarter of 2011 and the full year of 2011. For the full year of 2011, Cummins's sales were US$18 billion, a year-on-year increase of 36%; net profits were US$1.85 billion, and diluted earnings per share were US$9.55.
Among them, Cummins's sales in the fourth quarter of 2011 were US$4.9 billion, which was a year-on-year increase of 19%. The increase in sales was mainly driven by the increase in demand in the North American market. The company's net profit was 548 million U.S. dollars, diluted earnings per share was 2.86 U.S. dollars, and EBIT was 768 million U.S. dollars.
It is reported that in 2010, Cummins’ net profit was US$1.04 billion, and its diluted profit per share was US$5.28.