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Clean Energy Fuels Corp. Message Board

  • matarburros matarburros Oct 29, 2013 9:42 AM Flag

    Cummins Westport 2013/2012

    3 months ended 9-29-2013 equity, royalty & interest income === $2M
    3 months ended 9-30-2012 equity, royalty & interest income === $2M

    new, bigger engine was not rolled out in time for significant sales numbers. Maybe conference call will reveal more

    Sentiment: Buy

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    • Per the Cummins conference call:

      Ann Duignan - JP Morgan Chase & Co, Research Division
      Okay. That’s helpful. And just to touch on the 12-liter natural gas, can you give us an update there. There was a lot of excitement earlier in the year from the OEMs. How is the launch of that engine going? Is it in line with your expectations better or just slower ramping up given the macro, just an update there please? Thank you.

      N. Thomas Linebarger - Chairman, CEO and Chairman of Executive Committee
      Sure. So we rolled out the full line in August with the higher ratings and in fact the acceptance has been good where again we’re now engineered in with all the OEMs in North America, in fact our sales are running a bit higher than our internal projections.

      more units more fuel.......needed

    • not good for Westport 3rd quarter earnings

    • Kenworth dominates the current UPS fleet of liquefied natural gas tractors and is expected to notch more significant orders.
      But Mack Trucks is getting in too with UPS, as it’s to supply 122 Pinnacle Axle Back tractors with the new ISX12 G engine from Cummins Westport, to be delivered during the fourth quarter of 2013.

      Sentiment: Buy

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