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Cummins Inc (CMI.N)

CMI.N on New York Stock Exchange

161.18USD
20 May 2019
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Latest Key Developments (Source: Significant Developments)

Cummins Sets Quarterly Cash Dividend Of $1.14 Per Share
Tuesday, 14 May 2019 

May 14 (Reuters) - Cummins Inc ::SETS QUARTERLY CASH DIVIDEND OF $1.14PER SHARE.  Full Article

Cummins Inc Files For Potential Mixed Shelf Offering; Size Not Disclosed
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - Cummins Inc ::CUMMINS INC FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

Cummins says Mark Smith to replace Pat Ward As CFO
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - Cummins Inc ::PAT WARD TO RETIRE AS CHIEF FINANCIAL OFFICER AFTER MORE THAN 30 YEARS WITH CUMMINS; MARK SMITH NAMED SUCCESSOR.SMITH'S APPOINTMENT IS EFFECTIVE MARCH 31, 2019..  Full Article

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

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Volkswagen sounds out buyers for MAN Energy Solutions -sources

FRANKFURT Volkswagen has approached several companies to gauge their appetite for buying MAN Energy Solutions, which makes large diesel engines for ships and power generators, people close to the matter said.