Cummins Credits Emissions Standards with Record Quarterly Profit
Diesel engine maker Cummins posted its most profitable fourth quarter results on record, with a rush of sales on engines that did not have to conform to new emissions standards that took effect Jan. 1, reports the Indianapolis Business Journal.
Cummins posted $3.4 billion in sales in the fourth quarter of 2009, up 3 percent from the same period in 2008.
On those revenues, the company saw $270 million in profits, up from $43 million in the same period of 2008, reports the Wall Street Journal.
Cummins said that customers bought the previous generation of engines because they were cheaper and more familiar than new-generation engines that comply with diesel emissions standards by the EPA and the California Air Resources Board.
Energy Manager News
- Making Solar Inverters Smarter
- Unlocking the Power of Building Data
- Lockheed Martin Installs the GridStar Storage System at Syracuse Facility
- Schneider Electric Unveils Continuous Efficiency
- Avista Lauds ‘Fair’ Settlement in Idaho Rate Case
- BGE’s SEED Program Offers Energy Discounts to 19 Commercial Customers
- Retailer Offers 100% Solar Plan in Texas
- Dissecting the Data Revolution