Edition:
United Kingdom

Cummins Inc (CMI.N)

CMI.N on New York Stock Exchange

145.58USD
18 Sep 2018
Change (% chg)

$1.09 (+0.75%)
Prev Close
$144.49
Open
$144.45
Day's High
$145.92
Day's Low
$143.09
Volume
243,695
Avg. Vol
317,100
52-wk High
$194.11
52-wk Low
$129.91

Latest Key Developments (Source: Significant Developments)

Cummins Q2 Earnings Per Share $3.32
Tuesday, 31 Jul 2018 

Cummins Inc ::CUMMINS ANNOUNCES SECOND QUARTER RESULTS; UPDATES OUTLOOK FOR 2018.Q2 EARNINGS PER SHARE $3.32.Q2 REVENUE $6.1 BILLION VERSUS I/B/E/S VIEW $5.82 BILLION.Q2 EARNINGS PER SHARE VIEW $3.63 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 REVENUE UP 15 TO 17 PERCENT.FY EBITDA IS EXPECTED TO BE IN RANGE OF 14.8 TO 15.2 PERCENT OF SALES.CHARGE OF $181 MILLION OR $0.85 PER DILUTED SHARE IN Q2 FROM PLANS FOR A PREVIOUSLY DISCLOSED PRODUCT CAMPAIGN.NOW PLANS TO RETURN 75 PERCENT OF OPERATING CASH FLOW TO SHAREHOLDERS IN FORM OF DIVIDENDS AND SHARE REPURCHASES IN 2018.CUMMINS - FY EBITDA OUTLOOK REFLECTS ABOUT $100 MILLION OF EXPENSE ASSOCIATED WITH TRADE TARIFFS, INCREASED COMMODITY COSTS IN H2.FY2018 REVENUE VIEW $23.02 BILLION -- THOMSON REUTERS I/B/E/S.CUMMINS - IN Q2, REACHED AGREEMENT WITH CARB AND EPA REGARDING PLANS TO ADDRESS AFFECTED POPULATIONS.CUMMINS - IN FINALIZING PLANS, INCREASED NUMBER OF SYSTEMS TO BE ADDRESSED THROUGH HARDWARE REPLACEMENT COMPARED TO OUR ASSUMPTIONS LAST QUARTER.CUMMINS - PRODUCT CAMPAIGNS TO LAUNCH IN PHASES, EXPECTED TO BEGIN IN Q3; EXPECTED TO BE SUBSTANTIALLY COMPLETED BY DEC 31, 2020.CUMMINS - WITH ADDITIONAL CHARGE IN Q2, TOTAL ACCRUAL RELATED TO MATTER WITH CARB AND EPA IS $404 MILLION.  Full Article

Cummins Reached Settlement Agreement With JM Turbo Technology
Friday, 27 Jul 2018 

July 27 (Reuters) - Cummins Inc ::CUMMINS - HAS REACHED SETTLEMENT AGREEMENT WITH JM TURBO TECHNOLOGY CORP PRECLUDING MANUFACTURE OR SALE OF PRODUCTS THAT INFRINGE CO'S PATENTS.CUMMINS INC - SETTLEMENT CALLS FOR JM TURBO TECHNOLOGY TO DESTROY ALL EXISTING INVENTORY OF INFRINGING PRODUCTS.CUMMINS - SETTLEMENT REACHED PRECLUDING MANUFACTURE/SALE OF PRODUCTS INFRINGING CO'S PATENTS.  Full Article

Cummins Announces Acquisition of Efficient Drivetrains
Monday, 2 Jul 2018 

July 2 (Reuters) - Cummins Inc ::CUMMINS ANNOUNCES ACQUISITION OF ELECTRIC AND HYBRID POWERTRAIN PROVIDER.CUMMINS - ACQUIRING SILICON VALLEY-BASED EFFICIENT DRIVETRAINS, WHICH DESIGNS, PRODUCES HYBRID & FULLY-ELECTRIC POWER SOLUTIONS FOR COMMERCIAL MARKETS.  Full Article

Cummins And Jac Motors Form Joint Venture Partnership
Monday, 14 May 2018 

Cummins Inc ::CUMMINS AND JAC MOTORS FORM JOINT VENTURE PARTNERSHIP.CUMMINS INC - CO, ANHUI JIANGHUAI AUTOMOBILE TO FORM 50:50 JV AFTER CUMMINS PURCHASED NAVISTAR'S 50 PERCENT EQUITY OF JAC-NAVISTAR DIESEL ENGINE CO.CUMMINS - NEW JV WILL CONTINUE OPERATIONS AT MANUFACTURING FACILITY IN HEFEI.  Full Article

Cummins Reports Q1 Earnings Per Share $1.96
Tuesday, 1 May 2018 

May 1 (Reuters) - Cummins Inc ::CUMMINS ANNOUNCES FIRST QUARTER RESULTS; RAISES OUTLOOK FOR 2018.Q1 EARNINGS PER SHARE $1.96.Q1 REVENUE $5.6 BILLION VERSUS I/B/E/S VIEW $5.19 BILLION.Q1 EARNINGS PER SHARE VIEW $2.93 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 REVENUE UP 10 TO 14 PERCENT.FULL YEAR REVENUES EXPECTED TO INCREASE 10 TO 14 PERCEN.FULL YEAR EBITDA IS EXPECTED TO BE IN RANGE OF 15.4 PERCENT TO 15.8 PERCENT OF SALES.Q1 DILUTED EPS NEGATIVELY IMPACTED BY $0.47 AS A RESULT OF DISCRETE TAX CHARGES.Q1 DILUTED EPS NEGATIVELY IMPACTED BY $0.87 REFLECTING COST OF A PRODUCT CAMPAIGN.CUMMINS - EXCLUDING IMPACT OF Q1 CHARGE FOR PRODUCT CAMPAIGN, FULL YEAR EBITDA IS EXPECTED TO BE IN RANGE OF 16.2 PERCENT TO 16.6 PERCENT.  Full Article

Cummins Looking To Boost Capabilities For Developing Electrified Power Trains - Conf Call‍​
Tuesday, 6 Feb 2018 

Feb 6 (Reuters) - Cummins Inc ::CUMMINS SAYS INDUSTRY PRODUCTION FOR HEAVY-DUTY TRUCKS IN NORTH AMERICA IS PROJECTED TO BE 266,000 UNITS IN 2018, UP 20 PERCENT YEAR-OVER-YEAR - CONF CALL‍​.CUMMINS EXPECTS MEDIUM-DUTY TRUCK MARKET TO BE 124,000 UNITS IN 2018 IN NORTH AMERICA, UP 5 PERCENT - CONF CALL‍​.CUMMINS SAYS EXPECTS DOMESTIC REVENUES, INCLUDING JOINT VENTURES, IN CHINA TO DECREASE BY 5 PERCENT IN 2018 - CONF CALL‍​.CUMMINS SAYS CURRENTLY PROJECT A 15 PERCENT DECLINE IN HEAVY AND MEDIUM-DUTY TRUCK PRODUCTION IN CHINA AND A FLAT LIGHT-DUTY TRUCK MARKET - CONF CALL‍​.CUMMINS SAYS PROJECTS 8 PERCENT GROWTH IN OFF-HIGHWAY MARKETS IN CHINA IN 2018 - CONF CALL‍​.CUMMINS SAYS EXPECTS TOTAL REVENUES, EXCLUDING JOINT VENTURES, IN INDIA TO INCREASE BY 15-20 PERCENT, MAINLY DUE TO STRONGER TRUCK DEMAND - CONF CALL‍​.CUMMINS EXPECTS TRUCK PRODUCTION TO BE FLAT IN BRAZIL IN 2018, WITH SOME UNCERTAINTY ABOUT THE PACE OF ECONOMIC RECOVERY - CONF CALL‍​.CUMMINS EXPECTS GLOBAL HIGH-HORSEPOWER ENGINE SHIPMENTS TO BE UP 5-10 IN 2018 DUE TO FURTHER IMPROVEMENT IN ORDERS FROM MINING CUSTOMERS - CONF CALL‍​.CUMMINS SAYS, SINCE IT IS STRONG IN INTERNAL COMBUSTION ENGINES, IT NEEDS TO ADD CAPABILITIES THAT HELP ELECTRIFY POWER TRAINS - CONF CALL‍​.CUMMINS SAYS CONTINUES TO PLAN TO INVEST ABOUT $500 MILLION OVER THE NEXT THREE YEARS AS PART OF ITS STRATEGY TO DEVELOP AN ELECTRIFIED POWER TRAIN PRODUCT LINE - CONF CALL‍​.  Full Article

Cummins Q3 earnings per share $2.71
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Cummins Inc -:Cummins reports third quarter 2017 results.Q3 earnings per share $2.71.Q3 revenue $5.3 billion versus I/B/E/S view $4.78 billion.Q3 earnings per share view $2.46 -- Thomson Reuters I/B/E/S.Sees FY 2017 revenue up 14 to 15 percent.Cummins inc - FY EBIT is expected to be in range of 11.8% to 12.2%​.  Full Article

Cummins buys battery pack developer Brammo Inc
Monday, 16 Oct 2017 

Oct 16 (Reuters) - Cummins Inc ::Cummins announces acquisition of energy storage technology.It is acquiring assets of Brammo Inc, which designs and develops battery packs for mobile and stationary applications​.  Full Article

GILLIG and Cummins announce electrified power partnership at APTA
Monday, 9 Oct 2017 

Oct 9 (Reuters) - Cummins Inc :GILLIG and Cummins announce electrified power partnership at APTA.Cummins - collaboration focuses on optimizing new battery electric technology offered by co that will soon power GILLIG zero-emissions transit buses​.  Full Article

Cummins and Achates Power to develop advanced combat vehicle engine
Thursday, 28 Sep 2017 

Sept 28 (Reuters) - Cummins Inc :Cummins and Achates Power to develop advanced combat vehicle engine to improve protection and performance of U.S. Armed forces.Cummins Inc - ‍has executed a $47.4 million contract, awarded by National Advanced Mobility Consortium​.  Full Article

Cummins Inc wins $491 million U.S. defense contract -Pentagon

WASHINGTON, Aug 29 Cummins Power Generation Inc, a unit of Cummins Inc, has won a $491 million contract to provide advanced medium mobile power sources to the U.S. Army, the Pentagon said on Wednesday. (Reporting by Mohammad Zargham; editing by David Alexander)