Cummins announces lower revenues

Cummins Inc. saw its revenues for the last quarter of 2015 fall 6 percent from the year before and earnings were down for the year half a billion dollars.

The company released its year-end and fourth quarter financial statements this morning.

According to the filing, fourth quarter revenues of $4.8 billion were down 6 percent from the same quarter in 2014. Company officials said that a strong U.S. dollar knocked sales down by 4 percent.

North American revenues fell 2 percent and international sales were down 12 percent compared to the fourth quarter last year.

The company announced that earnings were down 13 percent from last year’s fourth quarter.

Looking at the whole year, the company reports that earnings before interest and taxes were was $2.09 billion for the year. That compares to to $2.53 billion in 2014, excluding one-time items.

Company press release