Cummins expects 2011 sales to grow by nearly 30%
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Cummins expects 2011 sales to grow by nearly 30%
"We have more growth opportunities ahead of us today than at any time in our history"

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5/10/2011 - The following extract from an article is by, and reproduced from, Cummins press release
 Link to full story 

COLUMBUS, IN – Cummins Inc. (NYSE: CMI) expects significant sales and profit growth in 2011 and beyond as it takes advantage of a number of long-term global economic trends and the recovery of key U.S. markets, Chairman and Chief Executive Officer Tim Solso told shareholders today at the Company’s annual meeting.

The Company expects 2011 sales to grow by nearly 30 percent from $13.2 billion in 2010 to $17 billion and Earnings Before Interest and Taxes (EBIT) to be 14 percent of sales this year – both Company records – Solso said. Cummins earned a record EBIT of $1.7 billion on sales of $13.2 billion in 2010.

The Company also will significantly increase its investment in the business this year, expecting to spend as much as $650 million on capital projects to increase capacity and invest in new technologies and products for the future. In addition, the Company expects its joint ventures to make $300 million in capital investments to expand their businesses.

“The actions we have taken over the past two years have kept Cummins strong during the recession and have set the stage for a period of sustained profitable growth,” Solso said. “We have more growth opportunities ahead of us today than at any time in our history.

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"Cummins’ record profitability in 2010 came despite weak commercial truck markets in the U.S.":

“Our challenge is to pursue those opportunities with the same discipline we displayed during the recent global recession. I am confident that we have the people and strategies in place to lead us to accelerated growth over the next several years.”

Solso also recapped the Company’s successful year in 2010, which included strong growth across all of the Company’s business segments and in large international markets such as China, India and Brazil. Cummins’ record profitability in 2010 came despite weak commercial truck markets in the U.S., which are expected to recover significantly in 2011 and grow further in 2012 and 2013.

“Last year showed, beyond a doubt, that Cummins is more than a North American heavy-duty truck engine maker,” Solso said. “Our Engine and Components businesses earned record profits in 2010 despite a sharp decline in our important U.S. markets, and our Power Generation and Distribution businesses performed extremely well as we continued to grow our leadership position in markets around the world.”
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Re: Keystone Outback travel trailerJR2013 keystone outback 312 BH, tons of build quality issues, too much to list. Spent more time getting fixed by me or dealer the first two years than my old 2005 coachmen. Had to fight Keystone on many issues and they did not care. STAY AWAY
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SOME OF THE LATEST COMMENTS ABOUT RVING NEWS ITEMS:
(See also general comments further down this page)
Re: Thor Motor Coach Showcases Brand New 2015 Motorhomes on the West CoastKen BrownI had posted a comment about our 2013 Thor Tuscany 42WX back on 11/20/2014. I found out that thor problem was not Thor but was the dealer, Giant RV in Colton Calif. They have to be the worst repair shop around, they had the coach from 11-1-14 thru 11-21-14 and only put the dishwasher together in that 3 week period and then they had it from 12-1-14 thru 1-27-15 and did not get everything fixed. They laid dirty parts and tools on top of our new bedspread, leaving a stain. After we got the coach back on 1-27-15 we found a screwdriver stuck under the rear slideout, I called them and to this date I have not heard back from them. I now have the coach at a different repair shop. I would say to stay away from Giant RV.2/23/2015 3:04:00 PM
Re: Thor Motor Coach Showcases Brand New 2015 Motorhomes on the West CoastKen BrownI had posted a comment about our 2013 Thor Tuscany 42WX back on 11/20/2014. I found out that thor problem was not Thor but was the dealer, Giant RV in Colton Calif. They have to be the worst repair shop around, they had the coach from 11-1-14 thru 11-21-14 and only put the dishwasher together in that 3 week period and then they had it from 12-1-14 thru 1-27-15 and did not get everything fixed. They laid dirty parts and tools on top of our new bedspread, leaving a stain. After we got the coach back on 1-27-15 we found a screwdriver stuck under the rear slideout, I called them and to this date I have not heard back from them. I now have the coach at a different repair shop. I would say to stay away from Giant RV.2/23/2015 3:04:00 PM
Re: How to sell your RV without really tryingCathy TMy RV is on consignment at a local dealer. I just found out it is being rented out.I am not happy. What can I do? This is a BRAND NEW unit.2/17/2015 5:34:00 PM
Re: Fort Wayne RV Show Expects Nearly 300 RVs and CampersSteve MartinekJust went, spent $15, went to bathroom, left. This is a RV show that features Trailers and 5th wheels. Perhaps under 10%, if being generous, are Class C's or Class A's. So if you are in the market for a Motorhome or a Truck Camper, save your time and money.1/31/2015 9:07:00 AM
Re: Thor Motor Coach Showcases Brand New 2015 Motorhomes on the West CoastKen BrownWe bought a new 2013 Thor Tuscany 42WX at this show. Got to use it one weekend had to take it back to the dealer and it has been there for 3 weeks and still not done. I hope the factory and the dealer get it together soon and get it fixed.11/20/2014 7:03:00 PM
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