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Cummins Inc   (CMI)
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Price: $273.5700 $3.66 1.356%
Day's High: $273.03 Week Perf: 0.5 %
Day's Low: $ 269.00 30 Day Perf: -4.2 %
Volume (M): 29 52 Wk High: $ 304.25
Volume (M$): $ 7,948 52 Wk Avg: $251.32
Open: $266.12 52 Wk Low: $212.80



 Market Capitalization (Millions $) 38,874
 Shares Outstanding (Millions) 142
 Employees 59,900
 Revenues (TTM) (Millions $) 34,015
 Net Income (TTM) (Millions $) 2,062
 Cash Flow (TTM) (Millions $) 561
 Capital Exp. (TTM) (Millions $) 1,189

Cummins Inc
Cummins'Inc.'is a global power leader that designs, manufactures, distributes and services diesel and natural gas engines, electric power generation systems and engine-related products, including filtration and emissions solutions, fuel systems, controls and air handling systems. We were founded in 1919 as one of the first manufacturers of diesel engines and are headquartered in Columbus, IN. We sell our products to Original Equipment Manufacturers (OEMs), distributors and other customers worldwide. We have long-standing relationships with many of the leading manufacturers in the markets we serve, including DaimlerChryslerAG (DaimlerChrysler), Volvo AB, PACCAR'Inc., International Truck and Engine Corporation (Navistar International Corporation), CNH Global N.V., and Scania AB.

Our financial performance depends, in large part, on varying conditions in the markets we serve, particularly the automotive, construction and general industrial markets. Demand in these markets tends to fluctuate in response to overall economic conditions and is particularly sensitive to changes in interest rate levels and fuel costs. OEM inventory levels, production schedules and work stoppages also impact our sales. Economic downturns in the markets we serve generally result in reduced sales, which affect our profits and cash flow.

Competitive Strengths

We believe the following competitive strengths are instrumental to our success:

Leading Brands. Our product portfolio includes products marketed under the following brands, each of which holds a leading position in its respective market:

Cummins engines, electric power generation systems, components and parts;

Onan generator sets;

Newage products sold under the Stamford, AvK and Markon brands;

Fleetguard filtration systems and components;

Nelson intake and exhaust systems and components;

Kuss automotive in-tank fuel filtration;

Universal Silencer large filtration systems and silencers;

Holset turbochargers

Customers and Partners. To maintain technology leadership and a global presence in a cost-effective manner, we have established strategic alliances with a number of our leading customers. These partnerships provide us with a knowledge and understanding of our customers technology and business needs, and enable us to develop products and services, which better meet their requirements at lower costs. For example, we have both customer and supplier arrangements with Komatsu,' Ltd., including multiple manufacturing joint ventures and a product development joint venture through which we have partnered in the development of several engines. We are also the exclusive supplier of engines for Komatsu mining equipment. In addition, we have been the exclusive diesel engine supplier to DaimlerChrysler for its Dodge Ram truck since 1988, and in 2003 our exclusivity agreement was extended beyond model year 2007. We have long-term agreements with Volvo, PACCAR and International Truck and Engine Corporation for the supply of heavy-duty truck engines. These agreements afford us long-term price stability and eliminate certain dealer and end-user discounts as well as offer closer integration on product development. We also have multiple international joint ventures to manufacture midrange engines, including partnerships with Tata Engineering and Locomotive Company, the leading truck manufacturer in India, and Dongfeng Automotive Corporation, the engine supplier to the second largest truck manufacturer in China.

Global Presence. We have a strong global presence including a world class distribution system, manufacturing and engineering facilities around the world and a network of global supply sources. Our worldwide presence has enabled us to take advantage of growth opportunities in international markets, with our sales outside the U.S. growing from 39'percent of total sales in 1999 to 47'percent of total sales in 2003. In the last 45'years, we have developed a distribution and service network that includes more than 680 company-owned and independent distributor locations and 5,000 independent dealers located throughout 137 countries and territories. We also have manufacturing operations and product engineering centers around the world, with facilities in the United Kingdom (UK), Brazil, Mexico, Canada, France, Australia, China, India, South Africa and Singapore. In addition, we have developed a global network of high-quality, low-cost supply sources to support our manufacturing base.

Leading Technology. We have an established reputation for delivering high-quality, technologically advanced products. We continuously work with our customers to develop new products that improve the performance of their vehicles, equipment or systems at competitive cost levels. We are a leader in developing technologies to reduce diesel engine emissions, a key concern of our customers and regulators around the world. We were the first company to develop engines that were certified to meet new emissions standards governing on-highway heavy-duty diesel engines. These standards went into effect for Cummins in the U.S. on October'1, 2002. We also developed low-emission, high-performance natural gas engines as an alternative fuel option for the on-highway, industrial and power generation markets. Our technology leadership enables us to develop integrated product solutions for the power generation and filtration markets, allowing our customers to use a single high-performance, low-cost system as opposed to multiple components from different suppliers.



   Company Address: 500 Jackson Street Columbus 47202 IN
   Company Phone Number: 377-5000   Stock Exchange / Ticker: NYSE CMI
   


Customers Net Income fell by CMI's Customers Net Profit Margin fell to

-21.93 %

8.96 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
APTV   -6.99%    
BC   -2.81%    
BWA   -3.83%    
GPC   -2.15%    
LEA   -5.41%    
VC   -4%    
• View Complete Report
   



Business Update

Cummins Inc. Raises Financial Targets and Successfully Concludes Atmus Filtration Technologies Inc. Exchange Offer to Accelerate Growth and Enhance Shareholder Value.

Published Fri, May 17 2024 12:15 AM UTC

Cummins Inc. Sets New Financial Targets and Announces Completion of Atmus Filtration Technologies Inc. Exchange OfferCummins Inc., a global leader in power solutions, held a meeting with analysts and shareholders to announce its plans to raise long-term financial expectations. The company's leadership team shared their confident outlook and commitment to delivering increasin...

Business Update

Cummins Inc. Raises Long-Term Financial Targets and Announces Final Exchange Ratio for Split-Off of Atmus Filtration Technologies Inc.

Published Thu, May 16 2024 6:15 PM UTC

Cummins Raises Long-Term Financial Targets and Announces Final Exchange Ratio for Split-Off of Atmus Filtration Technologies Inc.Columbus, Ind. - Cummins Inc. (NYSE: CMI) recently held a meeting with analysts and shareholders to discuss the company's long-term financial expectations and plans to increase returns to shareholders. This latest update builds on their winning gro...

Cummins Inc

Cummins Inc.'s rollercoaster ride: A closer look at the company's recent performance

Cummins Inc., a leading manufacturer of engines and power generation products, has experienced a decrease in its shares by -5.27% in the last month. However, when compared to the previous year, the company's shares have shown significant growth of 24.88%. This upward trend is evident as the shares are currently only 7.9% away from their 52-week high.
While Cummins Inc. faced a decline in revenue during the fiscal period ending on March 31, 2024, it managed to increase its earnings per share. The income per share also saw a significant rise of 152.79%, reaching $14.03 per share. In contrast, there was a slight decrease in revenue by -0.592% to $8.40 billion, compared to the previous year.

Business Update

Cummins Inc. Empowers Growth Through Successful Exchange Offer and Atmus Filtration Technologies Inc.'s Separation

Published Mon, Mar 18 2024 6:59 PM UTC

Cummins Inc. recently revealed the final results of its exchange offer, allowing shareholders to exchange their shares of Cummins common stock for shares of Atmus Filtration Technologies Inc. common stock owned by Cummins. The offer, which expired on March 13, 2024, witnessed 5,574,051 shares of Cummins accepted by the company.This strategic move signifies Cummins' commitmen...

Stock Transactions

Cummins Announces Oversubscribed Exchange Offer for Atmus Filtration Technologies Inc.

Published Thu, Mar 14 2024 12:39 PM UTC



Cummins Inc. (NYSE: CMI), a leading manufacturer of diesel and natural gas engines, has announced the preliminary results of its exchange offer to its shareholders for shares of Atmus Filtration Technologies Inc. (NYSE: ATMU) common stock. The offer, which expired on March 13, 2024, was met with overwhelming response, indicating strong investor interest in Atmus. T...






 

Cummins Inc's Segments
 
Engine
 Segment     of total Revenue
Power Generation
 Segment     of total Revenue
Filtration & Other
 Segment     of total Revenue
Distribution
 Segment     of total Revenue
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Cummins Inc announced annual revenue outlook on

Earnings Outlook
Cummins Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion
United States
Europe
Canada
Asia
Latin America
Other




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