Cummins Continues to Navigate Lackluster Demand Trends in Its Fourth Quarter
In the fourth quarter, Cummins' consolidated top line fell 5.5%, driven by continued pressure from lackluster commercial truck production in North America (including a lack of fleet expansion in the full-truckload industry) and soft sales in power generation equipment across most geographies. Revenue was roughly in line with our forecast. Despite cyclical headwinds that will linger into the first half of 2017, especially in North American heavy-duty truck end markets, we expect Cummins to contin...Cummins is a diesel engine manufacturer. The company's segments include: Engine, which manufactures and markets a range of diesel and natural gas powered engines; Distribution, which is the company's primary sales, service, and support channel; Components, which supplies aftertreatment systems, turbochargers, transmissions, filtration products, electronics and fuel systems for commercial diesel and natural gas applications; Power Systems, which includes power generation, industrial, and generator technologies product lines; and New Power, which designs, manufactures, sells and supports electrified power systems ranging from fully electric to hybrid, along with components and subsystems.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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