Falling profits, muted outlook, aggressive restructuring -- that pretty much sums up Cummins' (NYSE:CMI) last year. Or should I say, it sums up 2015 for most heavy-machinery companies.
But Cummins has been among the biggest losers in the industry over the past year, falling more than rival Caterpillar (NYSE:CAT) despite a smaller exposure to the struggling mining and oil and gas sectors. In fact, Cummins also took a bigger hit than PACCAR (NASDAQ:PCAR), its key customer in the trucking industry.
CMI data by YCharts.
Cummins is clearly under tremendous pressure, and there's little to suggest that things will improve anytime soon. Take a look at the slideshow below to learn about the three biggest hurdles to the company's growth this year.
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Neha Chamaria has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Cummins and Paccar. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Source: The 3 Biggest Hurdles to Cummins Inc.'s Growth in 2016
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