Cummins 2Q16 Earnings Call Notes

Cummins (CMI) N. Thomas Linebarger on Q2 2016 Results

Reset our growth view on emerging markets (power gen)

” we have reset our overall view about growth in emerging markets to – moderated those over prior views. I think that’s not a surprise. Everyone has probably done that. And then secondly, the time it’s going to take to recover, looks like it’s going to be longer and that’s, year-by-year, we’ve been pushing that out, unfortunately which is one of the reasons we are in a bit of a catch-up mode in power generation but we basically said we need to act now, because the recovery of the markets doesn’t seem imminent.”