Cummins Q4 revenue up
Cummins Inc reported results for the fourth quarter and full year of 2014. Fourth quarter revenue was $5.1 billion, an increase of 11 per cent from the same quarter in 2013. Earnings before interest and taxes (EBIT) were $629 million for the fourth quarter or 12.4 per cent of sales. These results include $32 million of expense associated with cost reduction activities in the Power Generation business. Excluding this expense, EBIT was $661 million or 13 per cent of sales.