Cummins Inc.'s leading executives said Tuesday that new products and tougher emissions standards across the globe would allow the engine maker by 2018 to reach annual sales of between $25 billion and $31 billion. Last year, the company reported sales of $17.3 billion.
Executives, including Chief Executive Officer Tom Linebarger, told about 100 Wall Street analysts and shareholders that the company expects its revenues to rise at two to three times the growth rate of global Gross Domestic Product over the next five years. Whether sales would reach $31 billion or $25 billion will depend on global economic conditions, the company said in a press release.
The company would not say how the projected sales growth would affect employment.
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