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) is a global power solutions company whose news flow reflects its role in engines, power generation and zero-emissions technologies. Investors following CMI news can track quarterly earnings, dividend decisions, strategic technology initiatives and leadership changes that shape the company’s direction.
Recent news releases have highlighted first, second and third quarter 2025 financial results, where Cummins reported multi-billion-dollar quarterly revenues and detailed segment performance for Engine, Components, Distribution, Power Systems and Accelera by Cummins. These updates include commentary on demand trends in North America and international markets, such as power generation demand for data centers and shifts in truck and on-highway markets.
Cummins news also covers its energy transition and Destination Zero strategy. Examples include the launch of new engine platforms like the X10 and B7.2 as part of the Cummins HELM platforms, the introduction of the S17 Centum generator set for urban and mission-critical power needs, and Accelera projects such as a 100-megawatt PEM electrolyzer system for bp’s Lingen green hydrogen project. The company has also reported non-cash charges and a strategic review related to its electrolyzer business in response to changing hydrogen adoption expectations.
Strategic collaborations and corporate actions appear regularly in CMI headlines. Cummins and Komatsu have announced a memorandum of understanding to develop hybrid powertrains for surface haulage heavy mining equipment, building on Cummins’ acquisition of First Mode assets for retrofit hybrid solutions. News items also include board and leadership appointments, such as the election of a new director and changes in legal and administrative leadership, as well as recurring announcements of quarterly cash dividends and dividend increases.
By monitoring Cummins news on this page, readers can see how financial performance, capital allocation, product launches, decarbonization projects and governance developments interact across the company’s five segments and global operations.
Radwell International, a leading global industrial operations, automation, and electronics solutions provider, has announced the appointment of Chris Snodgrass as Chief Executive Officer, effective August 5, 2024. Snodgrass, who will also join the company's Board of Directors, brings extensive operational and management experience from diverse industrial sectors. He previously served as Senior Vice President at Caterpillar Inc. (NYSE: CAT), where he led the Building Construction Products division and the Product Support & Logistics division.
Snodgrass's appointment follows a comprehensive search process, with full support from Radwell's Board and investors. His track record includes driving growth, expanding margins, and managing complex global operations. The new CEO aims to position Radwell for accelerated growth through enhanced offerings and customer-oriented solutions.
Cummins' 2023-2024 Sustainability Progress Report highlights the company's efforts to extend environmental initiatives across its supply chain. The report emphasizes:
1. Shared sustainability goals with supply partners to reduce environmental impact and promote ethical practices.
2. Material selection optimization to meet product requirements with minimal environmental impact.
3. Implementation of lifecycle assessment tools to estimate environmental impacts of supplied parts.
4. Use of software to estimate carbon footprint of products down to assembly and part level.
5. A class-leading data collection system to identify risks from hazardous and supply-constrained materials.
6. Strict adherence to Supplier Code of Conduct mandating high standards in human rights, ethics, and legal compliance.
Cummins Inc. (CMI) has released its 2023-2024 Sustainability Progress Report, highlighting the company's commitment to environmental sustainability and innovation. Key points include:
1. PLANET 2050 strategy aims to reduce absolute GHG emissions from facilities by 50% and from newly sold products by 25% by 2030.
2. Destination Zero product decarbonization strategy focuses on advancing cleaner engine-based solutions and developing zero-emissions technologies.
3. 24 onsite solar projects completed in 2023, reducing over 14,486 metric tons of CO2e annually.
4. Partnership with Chevron U.S.A. Inc. to improve access to alternative and renewable fuels.
5. Cummins Water Works program has helped over 1.2 million people and generated 6.9 billion gallons in annual water benefits since 2021.
Cummins Inc. (CMI) has released its 2023-2024 Sustainability Progress Report, marking 20 years of publication. The report highlights how sustainability and ESG issues have been integral to Cummins' long-term business strategy for decades. Key points include:
1. ESG oversight by the Board of Directors through various committees
2. Alignment of ESG strategy with business strategy
3. Consistent reporting using frameworks like GRI, CDP, TCFD, and SASB
4. Publication of a Human Capital Management Report since 2021
5. Evolving report format for improved readability
Cummins emphasizes its commitment to reducing environmental impact, supporting communities, and promoting diversity and inclusion. The company's Executive Director of Global Risk oversees ESG strategic direction and serves as the primary contact for the board and executive management team on these matters.
Cummins has secured a $75 million grant from the Department of Energy to convert 360,000 sq. ft. of its Columbus Engine Plant (CEP) for zero-emissions and electric powertrain systems manufacturing. This is the largest federal grant awarded solely to Cummins and part of the Inflation Reduction Act appropriations. Cummins will match the grant, investing a total of $150 million. The project aims to enhance the production of battery packs, powertrain systems, and BEV components for its zero-emissions segment, Accelera by Cummins. This initiative will create approximately 250 full-time jobs and result in significant greenhouse gas emission reductions. CEP will eventually house 350 employees dedicated to BEV-related work, converting nearly half of its 1.42 million sq. ft. facility. CEO Jennifer Rumsey and Accelera President Amy Davis highlighted this move as important for the company's Destination Zero strategy and commitment to a zero-emissions future.
Cummins has released its 2023-24 Sustainability Progress Report, highlighting significant strides in environmental, social, and governance (ESG) goals.
Key achievements include a 31% reduction in Scope 1 and 2 greenhouse gas emissions, completion of 24 onsite solar projects, and implementation of 89 energy efficiency projects.
The company achieved record revenues of $31.4 billion and operating cash flow of $4.0 billion in 2023, thanks to its 'Destination Zero' strategy aimed at decarbonization.
Community initiatives such as Cummins Water Works have greatly benefitted global communities, producing an additional billion gallons of water benefits.
Emphasis on diversity, equity, and inclusion (DE&I) is evident as 40% of the U.S. workforce are People of Color and four out of five business segments are led by women.
The full report is available on Cummins' Sustainability Progress Report site.
Cummins (NYSE: CMI) announced an 8.3% increase in its quarterly common stock dividend, raising it from $1.68 to $1.82 per share. Shareholders of record on August 23, 2024, will receive the new dividend, payable on September 5, 2024. This marks the 15th consecutive year of dividend increases, highlighting Cummins' commitment to returning value to its shareholders.
Chemours (NYSE: CC) has appointed Livingston “Tony” Satterthwaite to its Board of Directors, effective June 12. Tony, currently a Senior VP at Cummins, brings over 35 years of leadership experience. He has held leadership roles at Cummins, including President of Power Generation and COO. Tony will retire from Cummins in September 2024. He also serves on the boards of IDEX , the National Association of Manufacturers, and the Cummins Foundation. Tony holds an MBA from Stanford and a civil engineering degree from Cornell. Chemours’ leadership expresses confidence in Tony’s expertise to drive business growth.
Cummins-Meritor has announced the return of its in-person aftermarket parts training sessions for 2024. These sessions focus on heavy-duty commercial vehicle brakes, covering both cam and air disc brake systems. Scheduled from June through November, events will take place in 14 U.S. cities including Atlanta, Philadelphia, and Seattle. Each training is a 4-hour session available in both morning and afternoon slots, aiming to minimize operational disruption for technicians. Topics include brake adjustment, brake balance, RSD, and diagnostic procedures. These in-person sessions complement their online portal, BullPen, which provides 24/7 access to training modules. Registration is mandatory due to capacity.
Tony Satterthwaite, Senior Vice President at Cummins (NYSE: CMI), will retire in September 2024 after a 36-year career. Satterthwaite's tenure included significant growth and innovation, particularly in the Power Generation Business. He led several successful product launches and expanded the company's reach internationally. Jennifer Rumsey, CEO, praised his leadership, especially during the COVID-19 pandemic. Satterthwaite also focused on investing in people, building strong leaders within the company. His departure marks the end of an era, having held critical sales, regional, and business leadership roles, and serving on various boards.
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