| Business Summary | | Cummins
Inc.,
formerly
known
as
Cummins
Engine
Company,
Inc.,
is
a
worldwide
designer
and
manufacturer
of
diesel
engines,
ranging
from
55
to
3,500
horsepower
and
a
producer
of
commercial
diesel
engines
above
50
horsepower.
The
Company
also
produces
natural
gas
engines
and
engine
components
and
subsystems.
Cummins
provides
power
and
components
for
a
wide
variety
of
equipment
in
its
key
businesses,
engine,
power
generation
and
filtration. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Cummins
Inc.
is
a
worldwide
designer
and
manufacturer
of
diesel
engines,
and
also
produces
natural
gas
engines
and
engine
components
and
subsystems.
For
the
six
months
ended
6/24/01,
net
sales
fell
18%
to
$2.81
billion.
Net
loss
totaled
$108
million
vs.
an
income
of
$103
million.
Revenues
reflect
lower
engine
sales
due
to
reduced
shipments
in
the
heavy-duty
and
medium-duty
truck
and
recreational
vehicle
segments.
Loss
also
reflects
$125
million
in
special
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Theodore Solso, 53 Chairman,
CEO | $2.6M | Thomas Linebarger, 37 CFO,
VP | -- | John Edwards, 56 Exec.
VP, Managing Director, Group Pres - Power Generation & International | 1.8M | F. Joseph Loughrey, 51 Exec.
VP | 1.9M | John Wall, 49 VP,
CTO | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|