CUMMINS ENGINE COMPANY, INC

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC  20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE
 SECURITIES EXCHANGE ACT OF 1934

Date of Report: April 10, 2007
 

  CUMMINS INC.
(Exact name of registrant as specified in its charter)

Indiana
(State or other Jurisdiction of
Incorporation)

1-4949
(Commission File Number)

35-0257090
(I.R.S. Employer Identification
 No.)

500 Jackson Street
P. O. Box 3005
Columbus, IN  47202-3005
(Principal Executive Office)  (Zip Code)

Registrant's telephone number, including area code:  (812) 377-5000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ]

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 

[ ]

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 

[ ]

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 

[ ]

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01  Other Events

 

             On April 9, 2007, Cummins Inc. distributed to shareholders of record as of March 26, 2007, one share of stock for each share owned on the record date, thus completing the previously announced two-for-one stock split of its Common Stock, par value $2.50 per share, which was approved by the Cummins Board of Directors on March 8, 2007.  Information regarding the impact of the stock split on previously reported shares outstanding and earnings per share in connection therewith is attached hereto as an exhibit.

 

Item 9.01. Financial Statements and Exhibits.
 

(d)

The following exhibit is furnished herewith:
 

99-Weighted average common shares outstanding and earnings per share information

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 10, 2007

CUMMINS INC.

/s/ Marsha L. Hunt 
______________________________

Marsha L. Hunt
Vice President - Corporate Controller
Principal Accounting Officer

Following is the historical basic and diluted weighted-average common shares outstanding and the historical basic and diluted earnings per share as adjusted to give effect to the two-for-one stock split:

 

 

Years ended December 31,

 

 

 

2006

 

2005

 

2004

 

2003

 

2002

 

Shares in millions

Weighted-average common shares outstanding:

Basic

95.3

88.5

84.4

78.6

77.3

Diluted

101.6

102.2

98.4

79.0

77.6

Earnings per share before cumulative effect of change in accounting principles:

Basic

$

7.51

$

6.21

$

4.15

$

0.69

$

1.03

Diluted

7.10

5.51

3.69

0.68

1.03

Earnings per share:

Basic

$

7.51

$

6.21

$

4.15

$

0.64

$

1.07

Diluted

7.10

5.51

3.69

0.64

1.07

  

 

 



2006

 

 

 

Q1

 

Q2

 

Q2 YTD

 

Q3

 

Q3 YTD

 

Q4

 

Shares in millions

Weighted-average common shares outstanding:

Basic

88.7

91.5

90.1

100.7

93.6

100.2

Diluted

102.0

101.7

101.8

101.5

101.7

101.1

Earnings per share:

Basic

$

1.52

$

2.40

$

3.94

$

1.70

$

5.62

$

1.89

Diluted

1.35

2.19

3.54

1.69

5.23

1.87

 

 



2005

 

 

 

Q1

 

Q2

 

Q2 YTD

 

Q3

 

Q3 YTD

 

Q4

 

Shares in millions

Weighted-average common shares outstanding:

Basic

87.9

88.2

88.1

88.8

88.3

89.0

Diluted

101.7

101.9

101.8

102.5

102.0

102.7

Earnings per share:

Basic

$

1.10

$

1.60

$

2.70

$

1.64

$

4.34

$

1.87

Diluted

0.98

1.42

2.40

1.45

3.85

1.66