Cummins Inc. Cummins Inc. Lowers FY 2012 Revenue Guidance; Issues Q2 2012 Revenue Guidance Below Analysts' Estimates; Increases Dividend

Cummins Inc. Cummins Inc. announced that it has lowered its fiscal 2012, revenue outlook and now expects revenues to be in line with fiscal 2011 figures compared to the Company's previous guidance of an increase of 10%. Based on preliminary results, and subject to normal quarterly financial statement closing procedures, the Company also expects second quarter 2012 revenues to be approximately $4.45 billion. The Company reported revenues of $18.048 billion in fiscal 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $19.835 billion for fiscal 2012 and revenues of $5.072 billion for the second quarter of 2012. The Company also announced that its Board of Directors approved an increase in the Company`s quarterly cash dividend on common stock of 25% to $0.50 per share from $0.40 per share. The dividend is payable on September 1, 2012 to shareholders of record on August 22, 2012.