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.
Cummins Inc. (NYSE: CMI) maintains its position as a global power technology leader through continuous innovation in diesel engines, clean energy solutions, and sustainable infrastructure. This news hub provides investors and industry professionals with essential updates on corporate developments, financial performance, and technological advancements.
Access real-time information about earnings reports, strategic partnerships, product launches, and environmental initiatives. Our curated news collection covers operational milestones across Cummins' core segments: engine manufacturing, power generation systems, and zero-emissions technologies like hydrogen fuel cells through its Accelera™ division.
Stay informed about regulatory compliance updates, supply chain developments, and progress toward PLANET 2050 sustainability goals. Content types include quarterly financial disclosures, leadership announcements, R&D breakthroughs, and market expansion updates across 190 countries.
Bookmark this page for streamlined access to verified Cummins news. Combine historical context with current developments to assess the company's role in powering global industries while transitioning to cleaner energy solutions.
Cummins (NYSE: CMI) has initiated testing of a hydrogen-fueled internal combustion engine, reinforcing its leadership in gaseous-fuel applications. This proof-of-concept aims to enhance power solutions that meet future energy demands while significantly reducing emissions. Utilizing advanced technologies, the engine promises improved power density and efficiency without the typical limitations found in diesel or natural gas conversions. Cummins is also investing in various hydrogen technologies, including fuel cells and electrolyzers, to support the decarbonization of commercial vehicles.
Cummins (NYSE: CMI) has signed a Letter of Intent to acquire a 50% stake in Momentum Fuel Technologies from Rush Enterprises, aiming to enhance natural gas fuel delivery systems for commercial vehicles in North America. The collaboration is set to combine Cummins' powertrain expertise with Momentum's compressed natural gas systems, boosting customer service for CNG and RNG markets. The joint venture will leverage over 250 service locations across the U.S. and Canada, providing comprehensive support and parts inventory. The deal is expected to finalize later this year, pending usual regulatory approvals.
Cummins (NYSE: CMI), in partnership with Iberdrola, announced plans for a significant electrolyzer plant in Castilla-La Mancha, Spain, marking a major investment in green hydrogen production. This €50 million facility aims for an initial capacity of 500 MW/year, scalable to over 1 GW/year, creating 350 jobs. The collaboration supports the green hydrogen value chain in Iberia, positioning Cummins as a leader in electrolyzer systems. The project aligns with the EU's Green Deal and is expected to enhance Spain's energy independence and economic growth while promoting sustainable practices.
Cummins and Iberdrola are set to unveil their collaboration aimed at advancing the hydrogen sector and electrolyzer market in Spain. The announcement is scheduled for May 24 at 12:00 pm GMT+2 in Toledo. This partnership intends to establish Spain as a leader in hydrogen technology within Europe. Key figures participating include Tom Linebarger from Cummins and Ignacio Galán from Iberdrola, alongside notable government officials. A live broadcast will be available via Iberdrola's Facebook page.
Cummins Inc. (NYSE: CMI) has launched two new natural gas generator sets, the C1000N6B and C1300N6, designed for peaking and standby power applications. These models comply with NFPA 110 standards and include features such as a Cummins PowerCommand 3.3 controller, weather-protective enclosures, and high sound attenuation. The generators are built on the proven QSK60G platform, known for reliability and 100% block load acceptance. Customers can find local distributors through Cummins' extensive global network.
The Board of Directors of Cummins declared a quarterly cash dividend of $1.35 per share, payable on June 3, 2021, to shareholders of record on May 21, 2021. In 2020, Cummins reported earnings of approximately $1.8 billion on $19.8 billion in sales. The company specializes in power solutions including diesel, natural gas, and electric powertrains. Cummins emphasizes its commitment to corporate responsibility through education, environment, and equality initiatives.
Cummins Inc. (NYSE: CMI) has elected Carla Harris to its Board of Directors. With over 30 years at Morgan Stanley, Harris has expertise in investment banking, equity capital markets, and IPOs across several industries. Notably, she executed significant IPOs, including for UPS and Immunex Corporation. Chairman Tom Linebarger expressed optimism about leveraging Harris' extensive experience to enhance Cummins' strategic direction. Harris has received numerous accolades and also serves on the board of Walmart Inc. and several nonprofits. Cummins continues to focus on providing diverse power solutions.
Cummins and KBR have signed a memorandum of understanding (MoU) to collaborate on producing green ammonia from renewable sources. This partnership aims to provide integrated solutions, leveraging Cummins' expertise in PEM electrolysis and KBR's ammonia technologies. The collaboration intends to deliver significant capital and operational savings for clients while contributing to decarbonization. Cummins is scaling its technology for projects exceeding 250 megawatts, and both companies are focused on supporting corporate ESG initiatives.
Cummins reported strong first quarter 2021 results, with revenues of $6.1 billion, a 22 percent increase from 2020. North American sales rose 7 percent, while international revenue jumped 45 percent. EBITDA reached $980 million, though the EBITDA margin decreased to 16.1 percent. Cummins raised its 2021 revenue guidance to 20-24 percent and aims to return 75 percent of cash flow to shareholders through dividends and repurchases. However, supply chain challenges, particularly semiconductor shortages, remain a concern for fulfilling demand.
Cummins Inc. (CMI) and Tula Technology announced a study showcasing Tula’s diesel Dynamic Skip Fire (dDSF™) technology that significantly reduces nitrogen oxides (NOx) and carbon dioxide (CO2) emissions. The study revealed a 74% reduction in NOx and 5% reduction in CO2 emissions compared to current clean diesel technologies. Additionally, the technology demonstrated a 20% fuel savings during engine operations. This advancement supports Cummins’ goal to meet stringent future NOx emissions regulations.
