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Cummins Inc - CMI STOCK NEWS

Welcome to our dedicated page for Cummins news (Ticker: CMI), a resource for investors and traders seeking the latest updates and insights on Cummins stock.

Overview of Cummins Inc.

Cummins Inc. (NYSE: CMI) is a globally renowned power technology leader, headquartered in Columbus, Indiana, USA. The company designs, manufactures, distributes, and services a comprehensive range of power solutions, including diesel and natural gas engines, powertrain components, emission control systems, fuel systems, and electrical power generation systems. With operations in approximately 190 countries and territories through a vast network of 600 company-owned and independent distributor locations and 7,200 dealer locations, Cummins has established itself as a cornerstone in powering industries worldwide.

Core Business Areas

Cummins operates across a range of complementary business segments that cater to diverse industries such as transportation, construction, agriculture, defense, and energy. Its product portfolio includes:

  • Engines: High-performance diesel and natural gas engines used in commercial trucks, off-highway machinery, and locomotives.
  • Powertrain Components: Turbochargers, transmissions, aftertreatment systems, and fuel systems that enhance vehicle efficiency and performance.
  • Power Generation: Standby and prime power generators, microgrid solutions, and energy storage systems for industrial and commercial use.
  • Electrification and Zero-Emissions Solutions: Through its Accelera™ by Cummins brand, the company develops hydrogen fuel cells, electrolyzers, and battery-electric power systems to support the global energy transition.

Commitment to Sustainability

Cummins is at the forefront of addressing climate change through its ambitious PLANET 2050 environmental sustainability strategy and Destination Zero initiative. The company has set bold goals to reduce greenhouse gas emissions, improve energy efficiency, and transition to zero-emissions technologies. Notable achievements include:

  • A 31% reduction in absolute greenhouse gas emissions from facilities compared to 2018 levels.
  • Development of fuel-agnostic engine platforms and green hydrogen production technologies.
  • Innovative projects like waterborne paint transitions and energy-efficient manufacturing upgrades to reduce VOC emissions and operational waste.

These efforts underscore Cummins' dual mission: enabling customer success while contributing to a more sustainable and prosperous world.

Competitive Positioning

Cummins competes in a dynamic marketplace where it often faces competition from its own customers, such as heavy-duty truck manufacturers that produce their own engines. Despite this, the company maintains a strong competitive edge through:

  • Diversified Portfolio: Its broad range of products ensures it can meet the unique needs of various industries and applications.
  • Technological Innovation: Cummins invests heavily in R&D, focusing on both improving traditional technologies and pioneering zero-emissions solutions.
  • Global Reach: A robust distribution network and strong customer relationships across 190 countries solidify its market presence.

Future Outlook

Cummins is strategically positioned to navigate the energy transition while continuing to grow its core business. By embracing a technology-neutral approach, the company offers solutions tailored to the diverse needs of its customers, from advanced diesel engines to hydrogen-powered systems. Its investments in innovation, sustainability, and global partnerships ensure it remains a key player in the evolving power technology landscape.

Why Cummins Matters

As industries worldwide grapple with the dual challenges of meeting operational demands and achieving sustainability goals, Cummins stands out as a trusted partner. Its expertise, global presence, and commitment to innovation make it a pivotal force in powering the future of transportation, energy, and industrial applications.

Rhea-AI Summary
Cummins Inc. (CMI) has been chosen as one of the top 10 projects in the Zero Emission Vessels and Infrastructure (ZEVI) competition funded by the U.K. government in partnership with Innovate UK. The company will collaborate with a major U.K. port and its operators to develop, deploy, and operate clean maritime technology solutions. The project targets a reduction in carbon dioxide (CO2) emissions of 50% for offshore operations of a vessel, with oxides of nitrogen (NOx), sulfur oxide (SOx), and particulate matter (PM) at levels below those emitted by conventional fuel. The £4.4M in total funding will be leveraged by Cummins and its fellow project stakeholders to deploy a U.K.-designed and built methanol conversion kit for high-horsepower marine internal combustion engines, offering the U.K. an important foothold in enabling the transition to cleaner maritime fuels.
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Cummins Inc. (CMI) partners with Global Rights for Women and other entities to develop a tool for gender equity and domestic violence awareness
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Cummins Inc. (CMI) sets ambitious goals for veteran employment representation in multiple countries, aiming to capitalize on their unique talents and provide a competitive advantage. The targets include the United States (7%), Canada (3%), United Kingdom (4%), France (6%), Belgium (4%), Italy (5%), Germany (4%), Australia (4%), India (2%), and Romania (5%).
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Cummins announces changes to its Leadership Team effective Jan. 1, 2024. Srikanth Padmanabhan appointed as Executive Vice President and President, Operations. Padmanabhan will lead improvements in company operations and drive the energy transition. All Cummins Business Segments will report to Jennifer Rumsey, Chair and CEO.
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Cummins Inc. reports third quarter revenues of $8.4 billion, a 15% increase from the same quarter in 2022. Net income was $656 million, or $4.59 per diluted share. The company raised its full year 2023 revenue guidance to be up 18 to 21% and narrowed the EBITDA range to 15.2 to 15.4%.
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Cummins announced that Amy Davis will assume leadership of both the Accelera and Components Business Segments, effective November 1. Davis has a strong track record of growing and evolving businesses, and Cummins expects her leadership to continue the momentum and growth of both businesses.
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Cummins expands program addressing global water crisis in US and Nigeria
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Cummins Inc. announces the departure of Mahesh Narang, Vice President and President of the Components Business, to pursue an external opportunity.
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Cummins collaborates with Eclipse Foundation, Microsoft, and industry partners to develop Open Telematics Framework for commercial vehicles
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Cummins collaborates with industry partners on open telematics architecture for commercial vehicles.
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FAQ

What is the current stock price of Cummins (CMI)?

The current stock price of Cummins (CMI) is $315.36 as of April 1, 2025.

What is the market cap of Cummins (CMI)?

The market cap of Cummins (CMI) is approximately 43.3B.

What does Cummins Inc. specialize in?

Cummins specializes in designing, manufacturing, and servicing power solutions, including diesel and natural gas engines, powertrain components, and zero-emissions technologies.

How does Cummins generate revenue?

Cummins generates revenue through the sale of power systems, components, and services, including engines, filtration systems, and emerging green technologies like hydrogen fuel cells.

What is the PLANET 2050 strategy?

PLANET 2050 is Cummins' environmental sustainability strategy aimed at reducing greenhouse gas emissions, improving energy efficiency, and achieving carbon neutrality by 2050.

How is Cummins addressing the energy transition?

Cummins is investing in a broad portfolio of zero-emissions technologies, including hydrogen fuel cells, electrolyzers, and battery-electric systems, while improving traditional engine efficiency.

Who are Cummins' main competitors?

Cummins competes with heavy-duty truck manufacturers that produce their own engines, as well as other power solution providers in the industrial and energy sectors.

What industries does Cummins serve?

Cummins serves industries like transportation, construction, agriculture, defense, and energy, providing tailored power solutions for diverse applications.

What is Accelera™ by Cummins?

Accelera™ by Cummins is the company's brand dedicated to zero-emissions technologies, including hydrogen fuel cells, electrolyzers, and battery-electric systems.

How does Cummins support sustainability in manufacturing?

Cummins implements energy-efficient manufacturing processes, reduces VOC emissions, and transitions to sustainable materials like waterborne paints to lower its environmental impact.

What makes Cummins unique in the power technology industry?

Cummins' unique combination of a diversified product portfolio, global reach, and commitment to sustainability positions it as a leader in both traditional and emerging power technologies.

Where is Cummins headquartered?

Cummins is headquartered in Columbus, Indiana, USA, and operates in approximately 190 countries worldwide.
Cummins Inc

NYSE:CMI

CMI Rankings

CMI Stock Data

43.30B
136.77M
0.42%
87.11%
1.14%
Specialty Industrial Machinery
Engines & Turbines
Link
United States
COLUMBUS