Cummins Inc Stock Price, News & Analysis

Cummins Inc. (NYSE: CMI) has announced the election of Matthew Tsien to its Board of Directors. Tsien brings over 40 years of automotive industry experience, most recently serving as Executive Vice President and Chief Technology Officer at General Motors (GM).

As former GM CTO, Tsien led future technology initiatives and accelerated electrification investments. His experience includes roles as President of GM Ventures and GM China. He currently serves on the boards of AGCO Corporation and Magna International. Tsien holds degrees from Kettering University, Stanford University, and MIT.

Cummins Inc. (NYSE: CMI) has announced its latest quarterly dividend payment. The company's Board of Directors has declared a quarterly cash dividend of $1.82 per share for common stockholders. The dividend will be paid on June 5, 2025, to shareholders who are on record as of May 23, 2025.

Cummins Inc. (NYSE: CMI) reported Q1 2025 results with revenues of $8.2 billion, down 3% year-over-year. Net income was $824 million with diluted EPS of $5.96, compared to $2.0 billion or $14.03 per share in 2024. EBITDA margin decreased to 17.9% from 30.6%. North American sales declined 1% while international revenues fell 5%. Due to growing economic uncertainty from tariffs, Cummins withdrew its full-year forecast. Notable developments include introducing the X10 and B7.2 diesel engines, acquiring First Mode's assets for mining and rail solutions, and Accelera securing a 100MW electrolyzer system contract with bp. The Power Systems segment showed record performance with 19% sales growth, while Components segment saw a 20% decline primarily due to the Atmus separation.

Cummins Inc. (NYSE: CMI) has appointed John Gaidoo as Vice President and Chief Legal Officer, effective June 1, succeeding Nicole Lamb-Hale who will transition to Chief Administrative Officer and Corporate Secretary.

Gaidoo, a 14-year veteran at Cummins and former United States Marine Corps member, joined the company in 2011 as a labor and employment lawyer. His expertise spans intellectual property, labor and employment, litigation, mergers and acquisitions, procurement, and regulatory compliance. Notable achievements include creating the Crisis Action Management Plan in 2012, leading the global Labor Relations team from 2018, and serving as lead lawyer for the COVID-19 Risk Management Team in 2020.

In his new role, Gaidoo will lead Cummins' global Legal function and serve as a core member of the Cummins Leadership Team. Prior to joining Cummins, he practiced law at Baker & Daniels LLP and holds degrees from Indiana University.

Cummins Inc. (NYSE: CMI) has announced the appointment of Nicole Y. Lamb-Hale as Chief Administrative Officer and Corporate Secretary, effective June 1, succeeding Sharon Barner who retires May 31. Lamb-Hale, who joined Cummins in 2021 as Vice President and Chief Legal Officer, will lead global functions including risk management, ethics and compliance, product compliance, regulatory affairs, government relations, communications and corporate responsibility.

Since joining Cummins, Lamb-Hale has played a important role in major corporate initiatives, including the acquisition of Meritor, the spin-off of Cummins' Filtration Business, and the formation of battery cell joint venture Amplify Cell Technologies. Her extensive background includes executive roles at Kroll, and Albright Stonebridge Group, as well as serving as Assistant Secretary for Manufacturing and Services in the U.S. Department of Commerce's International Trade Administration.

Accelera, Cummins' zero-emissions segment [NYSE: CMI], and Isuzu Motors are set to introduce a new battery electric powertrain for the F-series medium-duty truck, scheduled for production in 2027. The powertrain will feature Accelera's next-generation components including advanced lithium iron phosphate batteries, 14Xe eAxle with ELFA motor, and Power Controls and Accessory Systems (PCAS) 3.0.

The integrated solution will be available for Class 6 and 7 trucks, featuring a newly designed low-cab forward chassis. The system includes US-manufactured components and aims to reduce total ownership costs while advancing zero-emissions adoption. Key improvements include:

• PCAS 3.0 system that's 70% smaller than previous generation
• Enhanced battery cycle-life and cost-effectiveness
• Improved performance and reliability for various commercial applications

Accelera, Cummins Inc.'s [NYSE: CMI] zero-emissions segment, hosted Spanish Prime Minister Pedro Sánchez at its electrolyzer manufacturing facility in Guadalajara, Spain. The 260,000 square-foot facility, which began production in April 2024, manufactures proton exchange membrane (PEM) electrolyzers and has created 91 highly skilled jobs.

The facility currently has 500MW of production capacity, scalable to 1-gigawatt (GW). Accelera is currently producing a 100-megawatt (MW) electrolyzer system for bp's green hydrogen plant in Lingen, Germany, marking its largest project to date. The company has deployed over 600 electrolyzer units globally.

Following the Prime Minister's visit, Accelera held a meeting with industry leaders to discuss advancing Spain's position as Europe's hydrogen hub. Spain currently promotes 20% of Europe's green hydrogen projects and aims to reach 12 GW of installed electrolyzers.

Cummins Inc. (NYSE: CMI) announced the retirement of Chief Administrative Officer Sharon Barner, effective May 31, after 13 years with the company. Barner's career highlights include serving as Vice President and General Counsel from 2012, before becoming CAO in 2021.

During her tenure, Barner led 12 corporate functions, managed the company's COVID-19 response, and oversaw several major acquisitions including Meritor, Cummins' largest acquisition to date. She also played a key role in the successful separation of Cummins' Filtration business (Atmus) last year.

Prior to Cummins, Barner spent 27 years in private practice law firms and served in the U.S. Department of Commerce as Deputy Under Secretary for Intellectual Property. Her replacement will be announced in the coming weeks.

Cummins Inc. (NYSE: CMI) has unveiled its new B7.2 diesel engine at NTEA Work Truck Week in Indianapolis, expanding its B-Series HELM™ platform. The engine features increased displacement to 7.2L and delivers 240 to 340 hp with 650 to 1,000 lb.-ft of torque.

The B7.2 is designed for medium-duty and vocational applications, including bus, pickup & delivery, utility trucks, refuse, and towing. Key features include automatic engine shutdown, stop-start capability for improved emissions, compression release engine brake, and extended oil drain interval options.

The engine integrates Cummins' digital technologies through Acumen® smart computing hardware, offering predictive capabilities and over-the-air features. Production will begin in 2027 at the Rocky Mount Engine Plant in North Carolina.