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Cummins Inc (CMI.N)

CMI.N on New York Stock Exchange

147.46USD
15 Nov 2018
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Latest Key Developments (Source: Significant Developments)

Cummins Says Engine Repair Campaigns In Q3 To Be Completed In Phases Across Affected Populations
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Cummins Inc ::CUMMINS - ENGINE REPAIR CAMPAIGNS IN Q3 TO BE COMPLETED IN PHASES ACROSS AFFECTED POPULATIONS WITH PROJECTION TO BE MOSTLY COMPLETE BY DEC 31, 2020.CUMMINS SAYS TOTAL REMAINING ACCRUAL RELATED TO ENGINE REPAIR CAMPAIGNS AT SEPT 30 WAS $396 MILLION - SEC FILING.  Full Article

Cummins Says Co Expects Gross Tariff Impact Of $250 Mln For FY 2019
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Cummins Inc ::CUMMINS SAYS THERE IS UNCERTAINTY ABOUT DEMAND FOR MEDIUM AND HEAVY-DUTY TRUCKS IN CHINA OVER THE NEXT 9 TO 12 MONTHS - CONF CALL.CUMMINS SAYS IN INDIA, CO EXPECTS TOTAL REVENUES, INCLUDING JOINT VENTURES, TO BE UP 20 PERCENT YEAR-OVER-YEAR, VERSUS PREVIOUS FORECAST OF 18 PERCENT ON HIGHER OUTLOOK FOR TRUCK DEMAND.CUMMINS SAYS CO EXPECTS TARIFF-RELATED COSTS OF $80 MILLION IN 2018, DOWN FROM PREVIOUS ESTIMATE OF $100 MILLION - CONF CALL.CUMMINS SAYS TARIFF-RELATED COSTS IN 2019 ARE EXPECTED TO BE $50 MILLION MORE THAN PRIOR PROJECTIONS DUE TO FINALIZATION OF SECTION 301 LIST 3 - CONF CALL.CUMMINS SAYS CO EXPECTS TO OFFSET MAJORITY OF TARIFF COST THROUGH A COMBINATION OF PRICING AND SUPPLY CHAIN ADJUSTMENTS - CONF CALL.CUMMINS SAYS CO EXPECTS FULL YEAR ENGINE SEGMENT REVENUES TO BE UP 17.5 PERCENT TO 18.5 PERCENT VERSUS. PRIOR GUIDANCE OF 17 PERCENT TO 19 PERCENT - CONF CALL.CUMMINS ON TARIFFS - WE GOT HIT WITH ABOUT $30 MILLION IN Q3, AND WE'LL GET ANOTHER $50 MILLION IN Q4 IN TARIFFS - CONF CALL.CUMMINS SAYS CO EXPECTS GROSS TARIFF IMPACT OF $250 MILLION FOR FULL YEAR 2019 - CONF CALL.CUMMINS ON 2019 TARIFF IMPACT - $150 MILLION OF THAT IS DIRECT TARIFFS AND $100 MILLION IN METAL MARKET INCREASES.  Full Article

Cummins Announces Q3 Results
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Cummins Inc ::CUMMINS ANNOUNCES THIRD QUARTER RESULTS; MAINTAINS OUTLOOK FOR 2018.Q3 EARNINGS PER SHARE $4.05 EXCLUDING ITEMS.Q3 EARNINGS PER SHARE $4.28.Q3 REVENUE $5.9 BILLION VERSUS I/B/E/S VIEW $5.95 BILLION.Q3 EARNINGS PER SHARE VIEW $3.76 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 REVENUE UP 15 TO 17 PERCENT.CUMMINS - FULL YEAR EBITDA IS EXPECTED TO BE 14.8 PERCENT TO 15.2 PERCENT OF SALES.Q3 RESULTS WERE POSITIVELY IMPACTED BY $37 MILLION IN DISCRETE TAX ITEMS.  Full Article

Hyundai Construction Equipment & Cummins Develop Electric Powered Mini Excavator Prototype
Monday, 29 Oct 2018 

Oct 29 (Reuters) - Cummins Inc ::HYUNDAI CONSTRUCTION EQUIPMENT & CUMMINS DEVELOP ELECTRIC POWERED MINI EXCAVATOR PROTOTYPE.  Full Article

Cummins Approves Share Repurchase Program Of Up to $2 Bln Common Stock
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - Cummins Inc ::CUMMINS INC. APPROVES SHARE REPURCHASE PROGRAM; DECLARES QUARTERLY COMMON STOCK DIVIDEND.CUMMINS INC - AUTHORIZED COMPANY TO REPURCHASE UP TO $2 BILLION IN SHARES OF COMMON STOCK.CUMMINS INC - DECLARED A QUARTERLY CASH DIVIDEND ON COMMON STOCK AT 1.14 DOLLARS PER SHARE.CUMMINS INC - TO REPURCHASE UP TO $2 BILLION IN SHARES OF COMMON STOCK UPON COMPLETION OF ITS 2016 $1 BILLION SHARE REPURCHASE PROGRAM.  Full Article

Cummins And Isuzu Sign Letter Of Intent
Thursday, 4 Oct 2018 

Oct 4 (Reuters) - Isuzu Motors Ltd <7202.T>::CUMMINS AND ISUZU SIGN LETTER OF INTENT TO EVALUATE PARTNERSHIP OPPORTUNITIES.CUMMINS - CO, ISUZU TO ASSIGN TEAM OVER NEXT FEW MONTHS TO EXPLORE POTENTIAL OPPORTUNITIES IN PRODUCT TECHNOLOGY DEVELOPMENT, SERVICE AND OTHER AREAS.  Full Article

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

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U.S. plans new limits on heavy-duty truck emissions

WASHINGTON The U.S. Environmental Protection Agency will announce plans to propose new rules to significantly decrease emissions of smog-forming nitrogen oxide from diesel-powered heavy-duty trucks, an agency official said.