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Highlights Cummins Engine Company, Inc. $ Millions, except per share amounts 1998 1997 Net sales $6,266 $6,266 Gross profit 1,249 1,280 Selling and administrative expenses 787 744 Research and engineering expense 255 260 Other income, net 13 26 Earnings before interest and taxes: Before unusual charges 282 312 As reported 65 312 Net earnings (loss) (21) 212 Basic earnings (loss) per share (0.55) 5.55 Deluted earnings (loss) per share (0.55) 5.48 Dividends per share 1.10 1.075