SEC Filings

CUMMINS INC filed this Form 10-K on 02/11/2019
Entire Document

Our outlook reflects the following positive trends and challenges to our business that we expect could impact our revenue and earnings potential in 2019:
Positive Trends
We anticipate North American medium-duty truck and heavy-duty truck demand will remain strong.
We expect demand for pick-up trucks in North America will remain strong.
We anticipate power generation markets will remain strong, with increased demand in global data center markets.
We expect construction markets will remain strong in North America and Europe.
We expect demand in mining markets to stabilize.
Improving economic conditions in Brazil could positively impact demand across our business.
We are experiencing cost increases as a result of trade tariffs recently imposed by the U.S. and some of its trading partners, especially China.
Prolonged trade disputes could negatively impact demand and trigger additional costs.
Market demand in truck and construction markets in China is expected to decline.
We anticipate demand in oil and gas markets in North America will decline.
Marine markets are expected to remain weak.
Uncertainty in the U.K. surrounding its ability to negotiate favorable terms in its withdrawal from the European Union could have material negative impacts on our European operations in the near and long-term.
In summary, we expect demand to remain strong in many of our most important markets, but also face headwinds in China and with Brexit.