Strong 2004 Lands Cummins on Business Week's ``Top 50'' List

COLUMBUS, Ind.--March 28, 2005--Cummins record-breaking year in 2004 has been recognized by Business Week magazine, which named the Company to its latest annual list of top 50 performers. Cummins was ranked No. 29 on the magazine's list, which is featured in the current issue.

Business Week compared the one- and three-year financials of every company included in the Standard & Poor's 500 index to arrive at its list of top performers. The magazine examined each company across a number of financial metrics, including sales and earnings growth; net profit margins; return on equity and shareholder return.

Cummins jumped more than 200 spots from the previous year after reporting record sales, earnings before income and taxes (EBIT) and net income in 2004 - as well as a nearly 75 percent shareholder return.

For all of 2004, Cummins reported revenue of $8.4 billion, a 34 percent increase from 2003. The Company reported EBIT of $545 million and net income of $350 million in 2004, as all of the Company's business units posted record revenues.

"Last year was the best in the Company's history, thanks to the hard work of Cummins employees everywhere that allowed us to take advantage of a strong rebound in many of our markets," said Cummins Chairman and Chief Executive Officer Tim Solso. "We saw significant growth in all our businesses around the world, and are well-positioned to build off of last year's performance.

"It wasn't long ago that we were mired in the worst recession in my 33 years with the Company. It was during those hard times that Cummins employees rose to the challenge by making a commitment to reduce costs while continuing to improve the quality of our products. The results show that Cummins power is defined not only by its products, but by the ideas, energy and passion of its people."

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 more than 160 countries through its network of 550 Company-owned and independent distributor facilities and more than 5,000 dealer locations. With more than 28,000 employees worldwide, Cummins reported sales of $8.4 billion in 2004. Press releases can be found on the Web at www.cummins.com.