Cummins announced the results of 15 years and 16 years is expected to disclose

Passed in 2015, it has entered a new Cummins 2016. Today will take you reviews Reviews Cummins 2015 results.

2015 annual sales revenue of $ 19.1 billion, not counting such as restructuring and impairment and other related expenses, EBIT margin was 12.5%

2015 fourth quarter revenue of $ 4.8 billion Excluding restructuring and impairment and other related expenses, EBIT margin was 11.1%.

The company expects 2016 sales will fall 5-9%, EBIT margin expected to be between 11.6 to 12.2 percent.

Recently, Cummins Inc. (NYSE: CMI) announced its 2015 full-year and fourth quarter sales.

US dollar led to higher sales fell 4 percent in the fourth quarter Cummins sales $ 4.8 billion, down 6%.

North American sales fell by 2%, while sales in the international market suffered a greater decline, a drop of 12%. In many international markets, the largest Latin American market sales decline.

Fourth quarter EBIT of $ 531 million (not counting $ 211 million of impairment and restructuring charges of $ 90 million), EBIT margin was 11.1%, while the same period in 2014, EBIT was $ 661 million, EBIT margin was 13%.

For a more scientific planning Cummins global manufacturing footprint, the company reduced the size of the North American light engine manufacturing. The move to re-evaluate the carrying value of the related manufacturing assets. Accordingly, the financial data for the quarter Cummins record $ 221 million non-cash, pre-tax impairment. In addition, Cummins has produced a restructuring expenses of $ 90 million, in the fourth quarter and $ 60 million in financial accounting or loss.

Cummins 2015 fourth quarter net income of $ 161 million ($ 0.92 per diluted share), Excluding impairment and restructuring charges, net income was $ 355 million ($ 2.02 per diluted share). Remove one-time items, the same period in 2014 was $ 465 million data ($ 2.56 per diluted share).

2015 annual sales of $ 19.1 billion, down 1%. Although revenue in the North American market increased by 7%, but sales in Latin America, Europe and Asia Pacific fell, the international market fell by 11%.

EBIT $ 2.09 billion, an EBIT margin of 10.9%. If you do not calculate the difference between the impairment and restructuring charges, EBIT was $ 2.39 billion, an EBIT margin of 12.5%. Remove one-time items, EBIT in 2014 was $ 2.53 billion Cummins.

Cummins 2015 full-year net income of $ 1.4 billion ($ 7.84 per diluted share), Excluding impairment and restructuring charges, earnings of $ 1.59 billion ($ 8.93 per diluted share), compared with Cummins EBIT of 1.67 billion dollar ($ 9.13 per diluted share).

"2015 on a series of key initiatives we have made significant progress, including the launch of new products in the Chinese market and gain market share, the acquisition and integration of distributors in North America, to improve product quality while effectively reducing the cost of materials." Cummins chairman and CEO of Lamborghini text (TomLinebarger) said, "but, the strong appreciation of the dollar to the weak market and our business has brought great challenges. in response to market demand is low, we promote the restructuring and other aspects of the staffing plan, manufacture and launch related initiatives in order to reduce operational costs. "

"Despite the macroeconomic environment remains challenging, benefiting from restructuring, lower material costs and product quality improvement initiatives, coupled with the upcoming release of 2016 new products and upgrade product platform, Cummins future will have a more robust business performance. We expect 2016 will return through dividends and share repurchases 75% of operating cash flow to shareholders. this is all based on our 2015-related initiatives. we return to shareholders in 2015 reached $ 1.5 billion, creating a new record . "Rambo Wen made the summary.

Based on current projections, by 2016 sales revenue fell Cummins will hover between 5-9%. EBIT of about 11.6% -12.2%.