Cummins Inc (BSP:C1MI34)

R$ 377.72 0 (0%) Market Cap: 206.66 Bil Enterprise Value: 233.74 Bil PE Ratio: 21.18 PB Ratio: 4.34 GF Score: 74/100

Cummins Inc at Citi Global Industrials Conference Transcript

Feb 21, 2019 / 07:45PM GMT

Transcript

Timothy Thein

Citigroup Inc, Research Division - Director and U.S. Machinery Analyst

Mark, thanks again for coming. It would be good to hear, just given the numerous end markets (inaudible) ready for 2019 (inaudible).

Mark A. Smith

Cummins Inc. - CFO & VP

Great. And just to level set everybody. Very broad, high level, we're about 70% on highway business, about 30% off-highway, different capacities -- exactly some swings around. So obviously, commercial vehicle market's really important to our performance. North America demand remains very, very strong from our customer stores. Heavy-duty truck, as you know, Tim, we've got the highest backlog in modern-day history, so that's good for visibility for our company. Typically, we are promising to deliver to OEMs on a 2- to 4-week lead time, so it always feels a little more comfortable when you've got a very high industry backlog that allows us to plan with a little bit more confidence. So we find that we're sort of in a unique position where we've had quite strong recovery cycle since 2015, and yet we sit here

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