Cummins's third-quarter performance far worse than expected to lay off 2,000 people

    Cummins, a diesel engine manufacturer, released its financial report on October 27, 2015. Its third-quarter earnings and revenue were far below market expectations, and the global economic weakness continued to weigh on its international business.

    The company also announced that it plans to lay off at least 2,000 people worldwide, which is equivalent to about 3.7% of the total number of employees. Affected by this news, the company's stock price fell nearly 9% before the market.

    The company's third-quarter earnings from the same period last year 429 million US dollars, or 2.32 US dollars per share, fell to 380 million US dollars, or 2.14 US dollars per share, lower than the average expected analysts received Thomson Reuters of 2.60 US dollars. Revenue fell by 5.5% to 4.62 billion U.S. dollars, which was lower than the average analyst estimate of 4.91 billion U.S. dollars.

    Cummins also lowered its full-year revenue forecast, and currently expects revenue to drop by 2% to remain flat compared to the same period last year. The previous forecast is an increase of 2-4%.

    Snoworld container brine refrigeration type Block Ice Machine production capacity ranges from 5 ton/day to 120 ton/day. Different dimensions of ice can is provided, while customized is acceptable. The models and data are as followed.

    Unit

    Performance Parameters

    Nominal Production

    Necessary refrigeration

    Installed power

    L

    W

    H

    Net weight

    Model

    Condensing type

    t/24h

    kcal/h

    kW

    mm

    mm

    mm

    kg

    B50W

    Water-cooling

    5

    30100

    28

    12192

    2438

    2896

    7500

    B75W

    7.5

    45150

    36

    12192

    2438

    2896

    8500

    B100W

    10

    60200

    52

    12192

    2438

    2896

    9000

     

    Snoworld container block ice machine has several features.

    · Integrative refrigeration system contains compressor condensing unit, with integrated design for ice making, ice melting and water adding.

    · Dry type expansion evaporation reduces the dosage of refrigerant, which improves safe performance.

    · Special ice lifting mechanism, stable and reliable operation, easy for maintenance.

    · Production capacity of single module is 2.5 to 10 ton/24 hours. Multi-modules are used to reach more capacity.


    Container Type Block Ice Machine

    Ice Block Maker,Containerized Ice Block Machine,Big Ice Block Making Machine,Brine Block Ice Machine

    Fujian Snowman Trade Co., Ltd. , https://www.sinoicemachine.com

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