Cummins Q4 Profit Increases - Quick Facts

(RTTNews) - Cummins, Inc. (CMI) reported that net income attributable to the company for the fourth quarter increased to $444 million or $2.44 per share from $432 million or $2.32 per share in the prior-year quarter.

Excluding items, adjusted net income for the quarter was $465 million or $2.56 per share, compared to $362 million or $1.94 per share in the year-ago quarter.

On average, 25 analysts polled by Thomson Reuters expected the company to report earnings of $2.51 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the quarter increased 11 percent to $5.09 billion from $4.59 billion in the same quarter last year. Wall Street expected revenues of $5.02 billion for the quarter. Acquisitions contributed 3 percent to revenue growth.

Looking ahead to fiscal 2015, the company expects revenue growth of 2 and 4 percent. Street is currently looking for full-year 2015 revenue growth of 9.5 percent to $20.96 billion.

Additionally, Cummins said it plans to return 50 percent of operating cash flow to shareholders in 2015 as it did in 2014.