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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.

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Cummins Inc. (NYSE: CMI) has appointed Mark Sifferlen as its first Vice President – Chief Risk Officer and leader of Environmental, Social, and Governance (ESG) Strategy, effective February 1. Sifferlen, who previously led the Ethics and Compliance function, brings extensive experience in global risk and compliance programs. Additionally, Schuyla Jeanniton has been named Executive Director, Ethics and Compliance, and will serve as Chief of Staff and Quality Lead for the Chief Administrative Officer organization. Both appointments aim to align Cummins’ ESG strategy with business objectives.

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Eaton Cummins Automated Transmission Technologies has unveiled its new Endurant XD series, featuring Endurant XD and XD Pro models designed for high-performance automated transmissions in both on-highway and severe-duty applications. Production will commence in Q3 2022, with truck manufacturers to announce availability later. The series includes advanced technology for efficiency, such as a Precision Lubrication system, offering up to 2% better fuel economy. The XD Pro model supports heavier applications with a maximum torque rating of 2,050 lb.-ft. and includes innovative features for challenging driving conditions.

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Cummins Inc. (NYSE: CMI) and Isuzu Motors Limited have announced a partnership to develop a battery electric medium-duty truck prototype for North America, set to launch in 2022. This initiative marks the first zero-emissions solution resulting from the Isuzu Cummins Powertrain Partnership established in May 2019. Cummins will integrate its PowerDrive6000 into Isuzu’s F-Series trucks and pilot the vehicle with major North American fleets. Following successful trials, commercialization opportunities will be explored for electric trucks equipped with Cummins technology.

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Cummins Inc. (NYSE: CMI) has appointed Jeff Wiltrout as Vice President of Corporate Strategy, effective immediately, following his interim role since last year. CEO Tom Linebarger expressed confidence in Wiltrout's leadership and experience, noting his success in leading strategy projects. Wiltrout joined Cummins in 2009 and previously held several key positions, including Executive Director of Corporate Development. He holds a bachelor's degree from the University of Notre Dame and an MBA from the Kelley School of Business at Indiana University.

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Cummins Inc. (NYSE: CMI) has acquired a 50% equity interest in Momentum Fuel Technologies from Rush Enterprises (NASDAQ: RUSHA & RUSHB). This joint venture aims to produce near-zero emissions natural gas powertrains for the commercial vehicle market in North America. The collaboration will leverage Cummins’ expertise in powertrains and Momentum’s advanced compressed natural gas (CNG) fuel delivery systems. The new initiative is anticipated to drive growth, addressing upcoming regulatory requirements and increasing demand for renewable natural gas (RNG) solutions.

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Cummins Inc. (NYSE: CMI) has appointed Chris Clulow as Vice President of Investor Relations and Luther Peters as Vice President of Corporate Controller, effective March 1. Clulow replaces Jack Kienzler and has been with Cummins for 18 years in various leadership roles. Peters, also with 18 years at the company, has a strong background in risk management and internal auditing. CFO Mark Smith expressed confidence in the new leaders' capabilities to drive profitable growth and uphold strong financial controls.

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Cummins Inc. (NYSE: CMI) has appointed Bonnie Fetch as Vice President – Global Supply Chain and Manufacturing, effective February 1. Fetch, who has been with Cummins since 2018, previously served as Vice President of the North America Regional Operating Team and Distribution Business Supply Chain Services. Her 30 years of extensive experience includes roles at Caterpillar, where she led global aftermarket parts distribution. This strategic appointment aims to enhance Cummins' supply chain transformation amidst ongoing challenges.

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Griffon Corporation (NYSE: GFF) has filed its preliminary proxy statement with the SEC ahead of its Annual Shareholder Meeting on February 17, 2022. The proxy includes six items for consideration, notably the nomination of four new directors aiming for enhanced corporate governance reflecting diversity and industry expertise. Michelle Taylor, nominated for her proficiency in manufacturing, will join a board where 29% will be women and persons of color post-election. Current director William Waldorf will retire. The company plans to implement a declassification of the board and reduce voting power required to call special meetings.

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The Board of Directors of Cummins authorized a $2 billion share repurchase program to enhance shareholder returns and demonstrate confidence in the company's future performance. This new buyback program follows the completion of a previous $2 billion initiative, reaffirming Cummins' commitment to delivering value to its investors. The company reported $1.8 billion in earnings on $19.8 billion in sales for 2020, indicating a solid financial footing despite ongoing market challenges.

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Cummins Inc. (NYSE: CMI) has partnered with Sion Power Corporation to develop battery cells using advanced lithium metal technology for commercial vehicles. This agreement includes a minority investment from Cummins in Sion Power, facilitating further development of the battery technology. Sion Power will participate in a multi-year program to supply large-format lithium metal battery cells for Cummins' electric powertrains. This strategic partnership aims to enhance Cummins' offerings in the electric vehicle sector while promoting decarbonization in transportation.

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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