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Cummins

Cummins, Inc. designs, manufactures and markets diesel and natural gas engines. It operates through the following segments: Engine, Distribution, Components, Power Systems, and New Power. The Engine segment manufactures and markets diesel and natural gas-powered engines under the Cummins brand name, for the heavy- and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets. The Distribution segment consists of parts, engines, power generation and service, which service and distribute its products and services. The Components segment supplies products such as, aftertreatment systems, turbochargers, transmissions, filtration products, electronics and fuel systems for commercial diesel, and natural gas applications. The Power Systems segment engages in power generation, industrial and generator technologies. The New Power segment designs, manufactures, sells and supports hydrogen production solutions, as well as electrified power systems ranging from fully electric to hybrid along with components and subsystems, including battery and fuel cell technologies. The company was founded by Clessie Lyle Cummins and William Glanton Irwin on February 3, 1919, and is headquartered in Columbus, IN.

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Cummins reports robust Q4 earnings, eyes sustainability and innovation

Cummins' strong financial performance in Q4 2022 and full-year results reflect consistent growth and strategic execution.
The company's focus on clean energy technologies, investments in new power solutions, and market positioning provide a solid foundation for future success.
While facing challenges in interest expenses and market dynamics, Cummins has opportunities to drive growth through innovation, operational efficiency, and global market trends.
Overall, Cummins remains optimistic about its future prospects, emphasizing sustainability, profitability, and meeting evolving customer needs in the e-mobility space.

Cummins reports record Q1 revenues, raises full-year forecast

Cummins reported robust Q1 performance with record revenues and raised full-year forecast. The company faces challenges related to margin impact and legal discussions on emission systems. Opportunities exist in expanding into the rail market and focusing on operational efficiencies and new technologies.

Cummins reports record Q2 revenues, eyes growth amidst market challenges

Cummins delivered strong financial performance with record revenues and growth in key segments.
While facing market challenges and uncertainties, the company maintains a focus on profitability and growth.
Opportunities lie in balancing pricing strategies, investing in sustainable solutions, and managing costs.
Overall, Cummins' outlook for 2023 and 2024 remains stable amidst market dynamics.

Cummins reports robust Q3 earnings, eyes growth amid challenges

Cummins' Q3 2023 performance reflects strong revenue growth, operational efficiency, and strategic financial management.
While facing challenges like supply constraints and market softening, the company is focused on innovation, cost reduction, and profitable growth.
Opportunities in market expansion, product launches, and continued investments position Cummins for sustained growth and shareholder value creation.

Cummins posts record revenues in Q4 2023 amid market challenges

Cummins delivered strong financial results in Q4 2023, with record revenues and a focus on clean energy technology. Despite market challenges and uncertainties, the company remains committed to optimizing operations and investing in growth areas like data centers and electrolyzers.

Cummins reports stable Q1 earnings, eyes growth through new technologies

Cummins delivered solid financial performance in Q1 2024, with a focus on innovation, margin improvement, and shareholder returns. While facing challenges in market dynamics and supply chain issues, the company is strategically positioned to capitalize on opportunities in new technologies and regulatory changes. Cummins' proactive approach to investments and business optimization sets a strong foundation for future growth.

Cummins achieves record revenues in Q2 2024, focuses on sustainability

Cummins reported strong Q2 2024 results with record revenues and improved profitability, driven by strategic partnerships and operational efficiencies.
While facing challenges in international markets and external uncertainties, Cummins remains focused on innovation and sustainability initiatives.
Opportunities lie in revenue growth through market expansion, product diversification, and investment in sustainable technologies for future success.
Overall, Cummins' performance reflects resilience and adaptability in navigating market complexities and driving sustainable growth.

Cummins reports mixed Q3 performance, eyes growth in international markets

Cummins reported a mixed performance in Q3 2024 with revenue outlook consistent with prior guidance but improved EBITDA guidance.
The company demonstrated strengths in international revenue growth, strong power generation sales, and shareholder returns.
Challenges were seen in certain segments and operational performance, with opportunities identified in specific market segments and R&D investments.
Analyst questions highlighted key areas of concern and potential focus for future strategic decisions.

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Cummins, Inc. engages in the design, manufacture, and distribution of diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, valvetrain technologies, controls systems, air handling systems, automated transmissions, axles, drivelines, brakes, suspension systems, electric power generation systems, batteries, electrified power systems, hydrogen production technologies, and fuel cell products. It operates through the following segments: Engine, Distribution, Components, Power Systems, and Accelera. The Engine segment manufactures and markets diesel and natural gas-powered engines under the Cummins brand name, for the heavy- and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets. The Distribution segment includes power generation systems, high-horsepower engines, heavy-duty and medium-duty engines designed for on- and off-highway use, application engineering services, custom-designed assemblies, retail and wholesale aftermarket parts, and in-shop and field-based repair service. The Components segment supplies products including axles, drivelines, brakes and suspension systems for commercial diesel and natural gas applications, aftertreatment systems, turbochargers, fuel systems, valvetrain technologies, filtration products, automated transmissions, and electronics. The Power Systems segment engages in power generation, industrial, and generator technologies. The Accelera segment designs, manufactures, sells, and supports hydrogen production technologies, as well as electrified power systems, including battery, fuel cell, and electric powertrain technologies. The company was founded by Clessie Lyle Cummins and William Glanton Irwin on February 3, 1919 and is headquartered in Columbus, IN.

BofA analyst Michael Feniger downgraded Cummins stock to Sell from Hold and cut his target price to $225 from $243.

Cummins Stock Falls on Analyst Downgrade. Hydrogen Faces Uncertainty.

LOS ANGELES, CA / ACCESSWIRE / January 19, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Cummins Inc. ("Cummins" or "the Company") (NYSE:CMI) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between April 30, 2019 and December 21, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before March 15, 2024.

IMPORTANT DEADLINE NOTICE: The Schall Law Firm Encourages Investors in Cummins Inc. with Losses In Excess of $100,000 to Contact the Firm

PACCAR

Accelera, a zero-emissions business unit of Cummins , Daimler Trucks & Buses US Holding, and PACCAR , on Thursday picked Marshall County, Mississippi as the site for advanced battery cell manufacturing in the United States.

Cummins, Daimler Truck, PACCAR pick Mississippi for battery cell production

COLUMBUS, Ind. & PORTLAND, Ore. & BELLEVUE, Wash.--(BUSINESS WIRE)--Accelera™ by Cummins, Daimler Trucks & Buses US Holding LLC and PACCAR have selected Marshall County, Mississippi, as the future site of advanced battery cell manufacturing for their planned joint venture. The joint venture will localize battery cell production for commercial electric vehicles and is expected to create more than 2,000 U.S. manufacturing jobs, with the option for further expansion as demand grows. The 21-gig.

Accelera by Cummins, Daimler Truck and PACCAR Select Mississippi for Battery Cell Production in the United States

COLUMBUS, Ind. & PORTLAND, Ore. & BELLEVUE, Wash.--(BUSINESS WIRE)--Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. [NYSE: CMI], Daimler Trucks & Buses US Holding LLC [a Daimler Truck Group Company; DAX: DTR0CK; “Daimler Truck”] and PACCAR [NASDAQ: PCAR] have selected Marshall County, Mississippi, as the future site of advanced battery cell manufacturing for their planned joint venture. The joint venture will localize battery cell production for commercial electric.

Accelera by Cummins, Daimler Truck and PACCAR select Mississippi for battery cell production in the United States

If you suffered losses exceeding $100,000 investing in Cummins stock or options between April 30, 2019 and December 21, 2023 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330  (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/CMI.

CUMMINS INVESTOR ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Cummins To Contact Him Directly To Discuss Their Options

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GALESBURG, Mich.--(BUSINESS WIRE)-- #commercialvehicles--Eaton Cummins Endurant XD™ series automated transmissions are now available in select International® truck models in North America.

Eaton Cummins Endurant XD Series Transmission Now Available at International Truck

LOS ANGELES, CA / ACCESSWIRE / January 16, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Cummins Inc. ("Cummins" or "the Company") (NYSE:CMI) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between April 30, 2019 and December 21, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before March 15, 2024.

IMPORTANT INVESTOR ALERT: The Schall Law Firm Encourages Investors in Cummins Inc. with Losses In Excess of $100,000 to Contact the Firm

NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until March 15, 2024 to file lead plaintiff applications in a securities class action lawsuit against Cummins Inc. (NYSE: CMI), if they purchased or otherwise acquired the Company's securities between April 30, 2019 and December 21, 2023, inclusive (the “Class Period”). This action is pending in the United States District C.

CUMMINS SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Cummins Inc. - CMI

LOS ANGELES, CA / ACCESSWIRE / January 16, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Cummins Inc. ("Cummins" or "the Company") (NYSE:CMI) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Cummins Inc. and Encourages Investors with Losses to Contact the Firm

NEW YORK , Jan. 15, 2024 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Cummins Inc. (NYSE: CMI) between April 30, 2019 and December 21, 2023, both dates inclusive (the "Class Period"). A class action has already been filed.

ROSEN, LEADING INVESTOR COUNSEL, Encourages Cummins Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - CMI

NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Cummins Inc. (NYSE: CMI) between April 30, 2019 and December 21, 2023, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for Cummins investors under the federal securities laws. To join the Cummins class action, go to https://rosenlegal.com/submit-form/?case_id=21566 or call Phillip Kim, Esq. toll-f.

EQUITY ALERT: Rosen Law Firm Files Securities Class Action Lawsuit on Behalf of Cummins Inc. Investors – CMI

LOS ANGELES, CA / ACCESSWIRE / January 15, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Cummins Inc. ("Cummins" or "the Company") (NYSE:CMI) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Cummins Inc. and Encourages Investors with Losses to Contact the Firm

NEW YORK , Jan. 14, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Cummins Inc. ("Cummins" or the "Company") (NYSE: CMI).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Cummins Inc. - CMI

Cummins Inc (NYSE:CMI) agreed on Wednesday to a record-setting fine of $1.675 billion in the settlement of a lawsuit filed by the US Justice Department and California, which charged the truck engine maker with installing devices designed to cheat emissions control, Reuters reported.   The lawsuit alleged that Cummins installed "defeat devices" to bypass or disable emissions controls such as emission sensors and onboard computers.

Cummins to pay record $1.7B fine in emissions lawsuit settlement

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Cummins Inc. (“Cummins” or the “Company”) (NYSE: CMI) investors concerning the Company's possible violations of federal securities laws. On December 22, 2023, the United States Department of Justice (“DOJ”) revealed that it had reached an agreement with Cummins that required the Company to pay a $1.675 billion penalty to settle claims that the Company violated the Clean Air Act by installing h.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Cummins Inc. (CMI) on Behalf of Investors

LOS ANGELES, CA / ACCESSWIRE / January 11, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Cummins Inc. ("Cummins" or "the Company") (NYSE:CMI) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces it is Investigating Claims Against Cummins Inc. and Encourages Investors with Losses to Contact the Firm

DETROIT — Engine maker Cummins Inc. will recall 600,000 Ram trucks as part of a settlement with federal and California authorities that also requires the company to remedy environmental damage caused by illegal software that let it skirt diesel-emissions tests.

Engine maker Cummins to repair 600,000 Ram trucks in $2 billion emissions-cheating scandal

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Cummins Inc. (“Cummins” or the “Company”) (NYSE: CMI) investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your Cummins investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you c.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Cummins Inc. (CMI) on Behalf of Investors

Truck engine maker Cummins agreed to settle a lawsuit filed Wednesday by the Justice Department and California and pay a record-setting fine of about $1.65 billion for installing defeat devices on hundreds of thousands of engines.

Cummins agrees to record-setting engine emissions settlement

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Contributing to the health of our environment is everyone's job. As investors a great way we can help is by investing in companies.

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In December, we (my wife and I) received a dividend income total of $10,193.04. Crossed the $10k threshold, again. Vanguard's High Dividend Yield ETF, which we have been buying for 3.5 years, literally has paid immense dividends.

Dividend Income Summary: Lanny's December 2023 Summary

News for Cummins Stock (CMI)