Cummins Inc (LTS:0I58)

$ 294.31 -2.22 (-0.75%) Market Cap: 39.86 Bil Enterprise Value: 44.11 Bil PE Ratio: 21.97 PB Ratio: 4.50 GF Score: 81/100

Cummins Inc at Jefferies Industrials Conference Transcript

Aug 07, 2019 / 12:00PM GMT

Release Date Price: $159.73

Transcript

Stephen Edward Volkmann

Jefferies LLC, Research Division - Equity Analyst

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Mark's going to kick off with some opening comments, and then we'd very much like to have questions from many of you as well. So Mark, welcome, thanks for coming.

Mark A. Smith

Cummins Inc. - CFO & VP

Great. Thanks for inviting me, Stephen. Good morning, everybody. Thanks for your time.

I'll just do a quick introduction, a few words to everybody level set, on the company and then we can get into whatever questions you've got.

So for this year, our revenues are going to be in the range of $23.75 billion to $24 billion, that kind of range. So revenues flat now this year, actually. So we started the year seeing flat to 4%. So really, at the flat level with more like $23.75 billion. We're about 60% revenues in North America, round about 70% sales in on-highway markets, both selling engines to commercial vehicle applications and components. And then the rest of the business is important to off-highway, mining, construction, power

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