SEC Filings


8-K
CUMMINS INC filed this Form 8-K on 02/06/2018
Entire Document
 


DiversityInc named Cummins one of the Top 50 Companies for Diversity for the eleventh consecutive year. Cummins ranked No. 21 on the 2017 annual list, which included more than 1,000 participating companies
Cummins was one of a select number of companies named to the North American Index of the Dow Jones Sustainability Indices, a leading independent organization measuring corporate sustainability in the world.

Fourth quarter 2017 detail

Engine Segment

Sales - $2.3 billion, up 16 percent
Segment EBIT - $224 million, or 9.8 percent of sales, compared to $194 million or 9.9 percent of sales
Segment EBIT was negatively impacted by $23 million as a result of charges recorded by unconsolidated joint ventures related to recent U.S. tax reform
On-highway revenues increased 14 percent, and off-highway revenues increased 27 percent primarily due to increased global demand in truck and constructions markets

Distribution Segment

Sales - $1.9 billion, up 16 percent
Segment EBIT - $97 million, or 5.0 percent of sales, compared to $122 million or 7.3 percent of sales
Segment EBIT was negatively impacted by $4 million as a result of charges recorded by unconsolidated joint ventures related to recent U.S. tax reform
Revenues in North America increased by 21% and in international markets by 7%

Components Segment

Sales - $1.6 billion, up 32 percent
Segment EBIT - $168 million, or 10.8 percent of sales, compared to $140 million or 11.9 percent of sales
Segment EBIT was negatively impacted by $12 million as result of charges recorded by unconsolidated joint ventures related to recent U.S. tax reform
The Eaton Cummins Automated Transmission joint venture recorded sales of $95 million and an EBIT loss of $14 million in the fourth quarter