Cummins Reports Solid Profit and Strong Cash Flow in Second Quarter Despite Continued Global Recession

-- Company Reaffirms Its Sales and Profit Guidance for 2009 --

COLUMBUS, Ind.--(BUSINESS WIRE)-- Cummins Inc. (NYSE: CMI) today reported lower sales and profit in the second quarter 2009 compared to its record performance during the same period in 2008 as the global recession continued to dampen demand around the world. Compared to the first quarter, the Company increased its profit and improved cash flow on essentially flat sales, as a result of its ongoing efforts to reduce costs and align manufacturing capacity to the lower demand.

Sales for the quarter were $2.43 billion, 37 percent lower than $3.89 billion in the second quarter of 2008. Earnings Before Interest and Taxes were $109 million, or 4.5 percent of sales, compared to $469 million, or 12.1 percent of sales, in the second quarter 2008. Net income attributable to Cummins Inc. was $56 million, or $0.28 a share, down from $293 million, or $1.49 a share, a year ago.

The second quarter results include a $7 million charge associated with the cost of job-reduction actions taken at several Company manufacturing facilities during the quarter. Excluding the charge, EBIT was $116 million, or 4.8 percent of sales, and net income attributable to Cummins Inc. was $60 million, or $0.30 a share.

"The economic climate continues to be extremely challenging, and we are managing our business under the assumption that we won't see any recovery in our markets in 2009," said Cummins Chairman and Chief Executive Officer Tim Solso. "Still, our aggressive efforts to reduce costs and align manufacturing capacity with demand have allowed us to perform well under the circumstances and to position ourselves to emerge from the downturn an even stronger company."

The decline in profitability was primarily due to the sharply lower volumes. The Engine and Components segments continue to see the most severe reductions in demand, while the pace of the sales decline in the Power Generation segment increased rapidly in the quarter. Profitability in all three segments was significantly affected by the lower volumes.

Despite significant weakness in almost all end-markets and geographic regions, the Company improved its profitability from the first quarter, which - along with a significant reduction in inventory - contributed to the positive cash flow of $181 million in the quarter.

The Company continued to make capital expenditures on the most critical projects, especially those associated with the launch of new emission-compliant products in 2010 and with fuel economy improvements.

"Cash management remains a top priority for the Company this year," said Pat Ward, Chief Financial Officer. "And, despite the challenging economic conditions, the Company generated significant positive cash flow and did not need to use any of its $1.1 billion credit facility."

At the end of the second quarter the Company had $534 million in available cash and cash equivalents, compared to $353 million at the end of the first quarter and $426 million at the beginning of 2009.

Based on the second quarter results and Company forecasts for the remainder of the year, Cummins today reaffirmed its sales and profit guidance for 2009. The Company still expects 2009 sales to be slightly more than 30 percent lower than 2008 and anticipates EBIT of 5 percent of sales for the year, excluding the restructuring charges.

Second quarter details (all comparisons are to same period in 2008)

Engine Segment

    --  Sales - $1.31 billion, down 45 percent
    --  Segment EBIT - $4 million loss (negative 0.3 percent of sales), compared
        to a $221 million profit (9.3 percent of sales)
    --  Heavy-duty sales down 41 percent; medium-duty down 43 percent;
        light-duty/RV down 54 percent; industrial down 45 percent
    --  Sales declined sharply in nearly every geographic market due to the
        global recession

Power Generation

    --  Sales - $610 million, down 35 percent
    --  Segment EBIT - $41 million (6.7 percent of sales), down 64 percent from
        $115 million (12.3 percent of sales)
    --  Commercial product sales down 35 percent; commercial projects down 59
        percent; Consumer products down 48 percent; Alternators down 24 percent
    --  Commercial markets most affected by economic slowdown in Europe, Middle
        East and Latin America; Consumer decline led by continued weakness in
        the North American marine and RV markets

Components

    --  Sales - $502 million, down 41 percent
    --  Segment EBIT - $10 million loss (negative 2.0 percent of sales),
        compared to a $77 million profit (9.0 percent of sales)
    --  Turbochargers down 50 percent; Filtration down 37 percent; Emission
        Solutions down 22 percent; Fuel Systems down 54 percent
    --  Sales and profit decline driven primarily by large volume drop from OEM
        customers in North America and Europe

Distribution

    --  Sales - $463 million, down 20 percent
    --  Segment EBIT - $55 million (11.9 percent of sales), down 19 percent from
        $68 million (11.7 percent of sales)
    --  Unfavorable foreign currency movements had a significant impact on sales
        - 9 percentage points
    --  Improved Segment EBIT margin from 7 percent increase in joint venture
        earnings

Joint Ventures

    --  Total income - $57 million, down 17 percent from second quarter 2008,
        but up $24 million (73 percent) from the first quarter 2009
    --  Engine JV income down $15 million (47 percent) primarily as a result of
        large demand declines in on-highway markets in China
    --  All other segment JVs reported flat or modestly higher profits compared
        to second quarter 2008

Presentation of Non-GAAP Financial Information

EBIT and Net income and diluted earnings per share (EPS) attributable to Cummins Inc. excluding restructuring charges are non-GAAP measure used in this release. Each is defined and reconciled to what management believes to be the most comparable GAAP measure in a schedule attached to this release. Cummins presents this information as it believes it is useful to understanding the Company's operating performance, and because EBIT is a measure used internally to assess the performance of the operating units.

Webcast information

Cummins management will host a teleconference to discuss these results today at 10 a.m. EDT. This teleconference will be webcast and available on the Investor Relations section of the Cummins website at www.cummins.com. Participants wishing to view the visuals available with the audio are encouraged to sign-in a few minutes prior to the start of the teleconference.

About Cummins

Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, (USA) Cummins serves customers in approximately 190 countries and territories through a network of more than 500 company-owned and independent distributor locations and approximately 5,200 dealer locations. Cummins reported net income of $755 million on sales of $14.3 billion in 2008. Press releases can be found on the Web at www.cummins.com.

Forward-looking disclosure statement

Information provided in this release that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, beliefs and intentions on strategies regarding the future. It is important to note that the company's actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including, but not limited to, general economic, business and financing conditions, labor relations, governmental action, competitor pricing activity, expense volatility and other risks detailed from time to time in Cummins Securities and Exchange Commission filings.


CUMMINS INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Unaudited) (a)

                                              Three months ended

                                              June 28,   March 29,   June 29,

In millions (except per share amounts)        2009       2009        2008

NET SALES                                     $ 2,431    $ 2,439     $ 3,887

Cost of sales                                 1,983      1,994       3,008

GROSS MARGIN                                  448        445         879

OPERATING EXPENSES AND INCOME

Selling, general and administrative expenses  287        300         370

Research, development and engineering         79         85          104
expenses

Equity, royalty and interest income from      57         33          69
investees

Restructuring charges                         7          66

Other operating (expense) income, net         (11      ) 2           (6       )

OPERATING INCOME                              121        29          468

Interest income                               1          2           4

Interest expense                              10         7           12

Other (expense) income, net                   (13      ) (3        ) (3       )

INCOME BEFORE INCOME TAXES                    99         21          457

Income tax expense                            29         7           147

NET INCOME                                    70         14          310

Less: net income attributable to              14         7           17
noncontrolling interests

NET INCOME ATTRIBUTABLE TO CUMMINS INC.       $ 56       $ 7         $ 293

EARNINGS PER COMMON SHARE ATTRIBUTABLE TO
CUMMINS INC.

Basic                                         $ 0.28     $ 0.04      $ 1.50

Diluted                                       $ 0.28     $ 0.04      $ 1.49

WEIGHTED AVERAGE SHARES OUTSTANDING

Basic                                           197.1      196.8       195.2

Diluted                                         197.4      197.0       196.6

CASH DIVIDENDS DECLARED PER COMMON SHARE      $ 0.175    $ 0.175     $ 0.125




(a)  Prepared on an unaudited basis in accordance with accounting principles
     generally accepted in the United States of America (GAAP).




CUMMINS INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Unaudited) (a)

                                                           Six months ended

                                                           June 28,   June 29,

In millions (except per share amounts)                     2009       2008

NET SALES                                                  $ 4,870    $ 7,361

Cost of sales                                              3,977      5,775

GROSS MARGIN                                               893        1,586

OPERATING EXPENSES AND INCOME

Selling, general and administrative expenses               587        721

Research, development and engineering expenses             164        207

Equity, royalty and interest income from investees         90         136

Restructuring charges                                      73

Other operating (expense) income, net                      (9       ) (7       )

OPERATING INCOME                                           150        787

Interest income                                            3          10

Interest expense                                           17         23

Other (expense) income, net                                (16      ) (13      )

INCOME BEFORE INCOME TAXES                                 120        761

Income tax expense                                         36         249

NET INCOME                                                 84         512

Less: net income attributable to noncontrolling interests  21         29

NET INCOME ATTRIBUTABLE TO CUMMINS INC.                    $ 63       $ 483

EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC.

Basic                                                      $ 0.32     $ 2.47

Diluted                                                    $ 0.32     $ 2.46

WEIGHTED AVERAGE SHARES OUTSTANDING

Basic                                                        197.0      195.1

Diluted                                                      197.2      196.5

CASH DIVIDENDS DECLARED PER COMMON SHARE                   $ 0.35     $ 0.25




(a)  Prepared on an unaudited basis in accordance with accounting principles
     generally accepted in the United States of America.




CUMMINS INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited) (a)

                                                        June 28,    December 31,

In millions (except par value)                          2009        2008

ASSETS

Current assets

Cash and cash equivalents                               $ 534       $ 426

Marketable securities                                     17          77

Accounts and notes receivable, net                        1,725       1,782

Inventories                                               1,535       1,783

Deferred income taxes                                     364         347

Prepaid expenses and other current assets                 198         298

Total current assets                                      4,373       4,713

Long-term assets

Property, plant and equipment                             4,681       4,539

Accumulated depreciation                                  (2,821 )    (2,698 )

Property, plant and equipment, net                        1,860       1,841

Investments and advances related to equity method         527         588
investees

Goodwill                                                  362         362

Other intangible assets, net                              241         223

Deferred income taxes                                     499         491

Other assets                                              259         301

Total assets                                            $ 8,121     $ 8,519

LIABILITIES

Current liabilities

Current portion of long-term debt and loans payable     $ 63        $ 69

Accounts payable (principally trade)                      773         1,009

Current portion of accrued product warranty               373         434

Accrued compensation, benefits and retirement costs       283         364

Other accrued expenses                                    622         763

Total current liabilities                                 2,114       2,639

Long-term liabilities

Long-term debt                                            617         629

Pensions                                                  561         574

Postretirement benefits other than pensions               442         452

Other liabilities and deferred revenue                    792         745

Total liabilities                                         4,526       5,039

EQUITY

Cummins Inc. shareholders' equity

Common stock, $2.50 par value, 500 shares authorized,     1,796       1,793
222.1 and 221.7 shares issued

Retained earnings                                         3,280       3,288

Treasury stock, at cost, 20.3 and 20.4 shares             (714   )    (715   )

Common stock held by employee benefits trust, at cost,    (58    )    (61    )
4.8 and 5.1 shares

Unearned compensation                                     (1     )    (5     )

Accumulated other comprehensive loss

Defined benefit postretirement plans                      (794   )    (798   )

Other                                                     (137   )    (268   )

Total accumulated other comprehensive loss                (931   )    (1,066 )

Total Cummins Inc. shareholders' equity                   3,372       3,234

Noncontrolling interests                                  223         246

Total equity                                              3,595       3,480

Total liabilities and equity                            $ 8,121     $ 8,519




(a)  Prepared on an unaudited basis in accordance with accounting principles
     generally accepted in the United States of America.




CUMMINS INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited) (a)

                                                          Six months ended

                                                          June 28,    June 29,

In millions                                               2009        2008

CASH FLOWS FROM OPERATING ACTIVITIES

Net income                                                $ 84        $ 512

Adjustments to reconcile net income to net cash provided
by operating activities:

Restructuring charges, net of cash payments               20

Depreciation and amortization                             154         158

Deferred income taxes                                     20          14

Equity in income of investees, net of dividends           60          (62      )

Pension expense, net of pension contributions             (15      )  (3       )

Other post-retirement benefits expense, net of cash       (16      )  (5       )
payments

Stock-based compensation expense                          12          17

Excess tax deficiencies (benefits) on stock-based awards  2           (12      )

Translation and hedging activities                        51          8

Changes in current assets and liabilities, net of
acquisitions and dispositions:

Accounts and notes receivable                             86          (316     )

Inventories                                               282         (202     )

Other current assets                                      22          (16      )

Accounts payable                                          (253     )  172

Accrued expenses                                          (242     )  102

Changes in long-term liabilities                          73          47

Other, net                                                (19      )  (8       )

Net cash provided by operating activities                 321         406

CASH FLOWS FROM INVESTING ACTIVITIES

Capital expenditures                                      (139     )  (201     )

Investments in internal use software                      (19      )  (36      )

Proceeds from disposals of property, plant and equipment  7           10

Investments in and advances (to) from equity investees    1           (41      )

Acquisition of businesses, net of cash acquired           (2       )  (76      )

Investments in marketable securities--acquisitions        (69      )  (158     )

Investments in marketable securities--liquidations        133         159

Cash flows from derivatives not designated as hedges      (21      )  (18      )

Other, net                                                            5

Net cash used in investing activities                     (109     )  (356     )

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from borrowings                                  10          77

Payments on borrowings and capital lease obligations      (44      )  (101     )

Net borrowings under short-term credit agreements         (5       )  1

Distributions to noncontrolling interests                 (10      )  (6       )

Dividend payments on common stock                         (71      )  (51      )

Repurchases of common stock                                           (45      )

Excess tax (deficiencies) benefits on stock-based awards  (2       )  12

Other, net                                                3           2

Net cash used in financing activities                     (119     )  (111     )

EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH          15          6
EQUIVALENTS

Net increase (decrease) in cash and cash equivalents      108         (55      )

Cash and cash equivalents at beginning of year            426         577

CASH AND CASH EQUIVALENTS AT END OF PERIOD                $ 534       $ 522




(a)  Prepared on an unaudited basis in accordance with accounting principles
     generally accepted in the United States of America.





CUMMINS INC. AND SUBSIDIARIES

SEGMENT INFORMATION

(Unaudited)

In millions    Engine     Power       Components  Distribution  Non-segment  Total
                          Generation                            items(1)

Three months
ended June
28, 2009

External       $ 1,133    $ 481       $ 355       $ 462         $ --         $ 2,431
sales

Intersegment   173        129         147         1             (450   )
sales

Total sales    1,306      610         502         463           (450   )     2,431

Depreciation
and            45         11          17          4             --           77
amortization
(2)

Research,
development
and            51         8           20                        --           79
engineering
expense

Equity,
royalty and
interest       17         6           4           30            --           57
income from
investees

Restructuring                                                   7            7
charges

Interest                                          1                          1
income

Segment EBIT   (4      )  41          (10     )   55            27           109

Three months
ended March
29, 2009

External       $ 1,205    $ 477       $ 346       $ 411         $ --         $ 2,439
sales

Intersegment   287        180         184         2             (653   )
sales

Total sales    1,492      657         530         413           (653   )     2,439

Depreciation
and            41         11          18          5             --           75
amortization
(2)

Research,
development
and            58         8           19                        --           85
engineering
expense

Equity,
royalty and
interest       (3      )  5           1           30            --           33
(loss) income
from
investees

Restructuring                                                   66           66
charges

Interest       1          1                                                  2
income

Segment EBIT   (16     )  69          1           58            (84    )     28

Three months
ended June
29, 2008

External       $ 2,030    $ 692       $ 584       $ 581         $ --         $ 3,887
sales

Intersegment   356        246         271                       (873   )
sales

Total sales    2,386      938         855         581           (873   )     3,887

Depreciation
and            46         11          18          7                          82
amortization
(2)

Research,
development
and            70         10          24                                     104
engineering
expense

Equity,
royalty and
interest       32         6           3           28            --           69
income from
investees

Interest       2          1           1                         --           4
income

Segment EBIT   221        115         77          68            (12    )     469

Six months
ended June
28, 2009

External       $ 2,338    $ 958       $ 701       $ 873         $            $ 4,870
sales

Intersegment   460        309         331         3             (1,103 )
sales

Total sales    2,798      1,267       1,032       876           (1,103 )     4,870

Depreciation
and            86         22          35          9                          152
amortization
(2)

Research,
development
and            109        16          39                                     164
engineering
expense

Equity,
royalty and
interest       14         11          5           60                         90
income from
investees

Restructuring                                                   73           73
charges

Interest       1          1                       1                          3
income

Segment EBIT   (20     )  110         (9      )   113           (57    )     137

Six months
ended June
29, 2008

External       $ 3,915    $ 1,273     $ 1,151     $ 1,022       $ --         $ 7,361
sales

Intersegment   680        452         524         4             (1,660 )
sales

Total sales    4,595      1,725       1,675       1,026         (1,660 )     7,361

Depreciation
and            90         22          33          11                         156
amortization
(2)

Research,
development
and            140        20          47                                     207
engineering
expense

Equity,
royalty and
interest       65         11          7           53                         136
income from
investees

Interest       5          2           2           1                          10
income

Segment EBIT   415        193         114         117           (55    )     784

(1) Includes intersegment sales and profit in inventory eliminations and unallocated
corporate expenses. For the three and six months ended June 28, 2009, unallocated
corporate expenses included restructuring charges of $7 million and $73 million and
losses of $9 million and $3 million related to flood damages. For the three months
ended March 29, 2009, unallocated corporate expenses include restructuring charges
of $66 million and a $6 million gain related to flood damage insurance recoveries.
For both the three and six months ended June 29, 2008, unallocated corporate
expenses included losses of $6 million related to flood damages.

(2) Depreciation and amortization as shown on a segment basis excludes the
amortization of debt discount that is included in the Condensed Consolidated
Statements of Income as Interest expense.




CUMMINS INC. AND SUBSIDIARIES

RECONCILIATION OF SEGMENT INFORMATION

(Unaudited)

A reconciliation of our segment information to the corresponding amounts in
the Condensed Consolidated Statements of Income is shown in the table below:

                            Three months ended             Six months ended

                            June 28,  March 29,  June 29,  June 28,  June 29,

In millions                 2009      2009       2008      2009      2008

Segment EBIT                $ 109     $ 28       $ 469     $ 137     $ 784

Less:

Interest expense            10        7          12        17        23

Income before income taxes  $ 99      $ 21       $ 457     $ 120     $ 761




FINANCIAL MEASURES THAT SUPPLEMENT GAAP

(Unaudited)

Earnings before interest, taxes, noncontrolling interests and restructuring
charges

We define EBIT as earnings or loss before interest expense, income tax expense
and noncontrolling interests in income of consolidated subsidiaries (EBIT). We
use EBIT to assess and measure the performance of our operating segments and
also as a component in measuring our variable compensation programs. Below is a
reconciliation of EBIT, a non-GAAP financial measure, to consolidated net income
attributable to Cummins Inc., for each of the applicable periods:

                         Three months ended                Six months ended

                         June 28,   March 29,   June 29,   June 28,   June 29,

In millions              2009       2009        2008       2009       2008

Earnings before
interest expense,        $ 116      $ 94        $ 469      $ 210      $ 784
income taxes and
restructuring charges

Earnings before
interest expense,
income taxes and         4.8      % 3.9       % 12.1     % 4.3      % 10.7     %
restructuring charges
as a percentage of net
sales

Less:

Restructuring charges    7          66                     73

Earnings before
interest and income      $ 109      $ 28        $ 469      $ 137      $ 784
taxes

EBIT as a percentage of  4.5      % 1.1       % 12.1     % 2.8      % 10.7     %
net sales

Less:

Interest expense         10         7           12         17         23

Income tax expense       29         7           147        36         249

Net income               70         14          310        84         512

Less:

Net income attributable
to noncontrolling        14         7           17         21         29
interests

Net income attributable  $ 56       $ 7         $ 293      $ 63       $ 483
to Cummins Inc.

Net income attributable
to Cummins Inc. as a     2.3      % 0.3       % 7.5      % 1.3      % 6.6      %
percentage of net sales




CUMMINS INC. AND SUBSIDIARIES

FINANCIAL MEASURES THAT SUPPLEMENT GAAP

(Unaudited)

Net income and diluted earnings per share (EPS) attributable to Cummins Inc.
excluding restructuring charges

We believe this is a useful measure of our operating performance for the
period presented as it illustrates our operating performance without regard to
restructuring. This measure is not in accordance with, or an alternative for,
accounting principles generally accepted in the United States of America and
may not be consistent with measures used by other companies. It should be
considered supplemental data.

                              Three months ended       Six months ended

                              June 28, 2009            June 28, 2009

In millions                   Net Income  Diluted EPS  Net Income  Diluted EPS

Net income attributable to
Cummins Inc. excluding        $ 60        $ 0.30       $ 111       $ 0.56
restructuring charges

Less:

Restructuring charges, net(1) 4           0.02         48          0.24

Net income attributable to    $ 56        $ 0.28       $ 63        $ 0.32
Cummins Inc.

(1) During the three and six months ended June 28, 2009, management approved
and committed to undertake certain restructuring actions, which resulted in a
pretax charge of $7 and $73 million, respectively. These charges included
employee-related liabilities for severance and benefits of approximately $8
million and $68 million and exit costs of approximately zero and $6 million,
respectively.




SUPPLEMENTAL INFORMATION

In 2009, the Power Generation segment reorganized its reporting structure to
include the following businesses: Commercial Products, Alternators, Commercial
Projects, Power Electronics and Consumer. Sales by quarter for our Power
Generation segment by business for the years 2008 and 2007 were as follows:

2008         Three months ended                                     Year ended

In millions  March 30,  June 29, 2008  September 28,  December 31,  December 31,
             2008                      2008           2008          2008

Commercial   $ 444      $ 555          $ 559          $ 558         $ 2,116
Products

Alternator   156        178            174            178           686

Commercial   86         111            63             68            328
Projects

Power        27         31             35             39            132
Electronics

Consumer     74         63             57             44            238

Total sales  $ 787      $ 938          $ 888          $ 887         $ 3,500




2007         Three months ended                                   Year ended

In millions  April 1,  July 1, 2007  September 30,  December 31,  December 31,
             2007                    2007           2007          2007

Commercial   $ 383     $ 448         $ 449          $ 481         $ 1,761
Products

Alternator   132       156           163            172           623

Commercial   45        44            49             81            219
Projects

Power        26        26            28             28            108
Electronics

Consumer     89        95            87             78            349

Total sales  $ 675     $ 769         $ 776          $ 840         $ 3,060




Sales

 In millions                  Q1        Q2        Q3        Q4        YTD

 2009

 Engine Business

              Heavy-Duty      394       395                           789
              Truck

              Medium Duty     229       240                           469
              Truck+Bus

              Light Duty      156       94                            250
              Auto+RV

              Industrial      467       440                           907

              Stationary      246       137                           383
              Power

              TOTAL ENGINE    1,492     1,306                         2,798
              BUSINESS

 Power Generation             657       610                           1,267

 Components                   530       502                           1,032

 Distributors                 413       463                           876

 Eliminations                 (653    ) (450    )                     (1,103  )

              TOTAL           2,439     2,431                         4,870

 2008

 Engine Business

              Heavy-Duty      536       672       630       470       2,308
              Truck

              Medium Duty     397       422       406       325       1,550
              Truck+Bus

              Light Duty      275       205       170       154       804
              Auto+RV

              Industrial      733       804       788       704       3,029

              Stationary      268       283       285       283       1,119
              Power

              TOTAL ENGINE    2,209     2,386     2,279     1,936     8,810
              BUSINESS

 Power Generation             787       938       888       887       3,500

 Components                   820       855       801       676       3,152

 Distributors                 445       581       581       557       2,164

 Eliminations                 (787    ) (873    ) (856    ) (768    ) (3,284  )

              TOTAL           3,474     3,887     3,693     3,288     14,342

Engine
Shipments

 Units                        Q1        Q2        Q3        Q4        YTD

 2009

              Midrange        60,600    49,200                        109,800

              Heavy-duty      16,600    16,400                        33,000

              High Horsepower 3,900     3,200                         7,100

 TOTAL                        81,100    68,800                        149,900

 2008

              Midrange        114,200   114,800   102,400   86,900    418,300

              Heavy-duty      24,700    31,700    29,400    22,500    108,300

              High Horsepower 4,600     5,500     5,300     5,200     20,600

 TOTAL                        143,500   152,000   137,100   114,600   547,200




    Source: Cummins Inc.