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2009 News Releases | |
2009 News Releases
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| Date | Title | | | 10/30/09 | Cummins Reports Improving Sales and Earnings Despite Continued Widespread Economic Weakness|
– Company Increases 2009 Sales and Profit Guidance; Expects
Challenging Environment in Early 2010 –
COLUMBUS, Ind.--(BUSINESS WIRE)--Oct. 30, 2009--
Cummins Inc. (NYSE: CMI) today reported third quarter sales of $2.53
billion and net income of $95 million, or $0.48 a share, down
considerably from last year’s record third quarter results. However, the
Company significantly improved its profitability and cash position from
... |
|  | | 10/26/09 | Cummins Promotes Pair of Leaders to Vice President|
-- Lori Thompson and Lori Cobb to become Company Officers, effective
Nov. 1 --
COLUMBUS, Ind.--(BUSINESS WIRE)--Oct. 26, 2009--
Cummins Inc. (NYSE: CMI) today announced that Lori Thompson has been
named Vice President – Truck and Bus OEM Business, and Lori Cobb has
been named Vice President – North and Central America Distribution. The
promotions are effective November 1 and both become corporate Officers
at that time.
L... |
| | | 10/20/09 | Cummins Inc. Declares Quarterly Common Stock Dividend| COLUMBUS, Ind.--(BUSINESS WIRE)--Oct. 20, 2009--
The Board of Directors of Cummins Inc. (NYSE:CMI) today declared a
quarterly common stock cash dividend of 17.5 cents per share, payable
Dec. 1, 2009 to shareholders of record on Nov. 20, 2009.
About Cummins
Cummins Inc., a global power leader, is a
corporation of complementary business units that design, manufacture,
distribute and service engines and related technologies, including fuel
... |
| | | 10/08/09 | Cummins Recognized for Environmental Practices by Newsweek Magazine|
Company No. 91 among Fortune 500 in Magazine’s First-Ever “Green”
Survey
COLUMBUS, Ind.--(BUSINESS WIRE)--Oct. 8, 2009--
Cummins Inc.’s (NYSE: CMI) efforts to minimize its environmental
footprint and to reduce greenhouse gas emissions helped the Company
achieve a ranking in the top 20 percent of the 500 largest companies in
United States in Newsweek’s inaugural “green” survey released
recently.
The magazine used publicly... |
| | | 10/07/09 | Cummins to Temporarily Recall up to 270 Workers at Cummins MidRange Engine Plant| COLUMBUS, Ind.--(BUSINESS WIRE)--Oct. 7, 2009--
Cummins Inc. (NYSE: CMI) announced today that it is offering to recall
approximately 270 production employees who had been laid off or
transferred to other Cummins facilities over the past year in order to
meet a temporary increase in orders for the Dodge Ram turbo diesel
pickup truck engines made at the plant.
The order increase comes as Chrysler seeks to build inventory for its
2010 mod... |
| | | 09/11/09 | Cummins Demonstrates Clean Hybrid Application to the Visiting Indiana Gov. Mitch Daniels in China's Hangzhou City| HANGZHOU, China--(BUSINESS WIRE)--Sep. 11, 2009--
How Cummins Inc. (NYSE:CMI) and its Chinese customers cooperate in
developing and using clean power was highlighted this week during a
visit from Indiana Gov. Mitch Daniels, who is leading an Indiana
delegation on a six-day visit to China. The governor was joined by
representatives from the Zhejiang provincial government, technical
officer of Hangzhou Public Transit Group (HZPT) and Steve Chapman, Gro... |
| | | 09/10/09 | Cummins Again Recognized as Sustainability Leader on Global, Regional Levels| COLUMBUS, Ind.--(BUSINESS WIRE)--Sep. 10, 2009--
For the fifth year in a row, Cummins Inc. (NYSE: CMI) has been named to
the Dow Jones Sustainability World index, which represents the top 10
percent of the world's largest 2,500 companies in corporate
sustainability.
The Company also was recognized as one of the world’s top 14 leaders in
sustainability among industrial companies and was included in the North
American index for the third... |
| | | 08/25/09 | Cummins Filtration to Consolidate Some North American Filter Assembly in its San Luis Potosi, Mexico, Facility|
Move Necessary to Remain Competitive in Wake of Steep Sales Drop,
Industry Changes
COLUMBUS, Ind.--(BUSINESS WIRE)--Aug. 25, 2009--
Cummins Filtration, a division of Cummins Inc. (NYSE: CMI) today
announced that it is consolidating a significant portion of its North
American filter assembly operations into its facility in San Luis
Potosi, Mexico, over the next several months in order to keep the
business competitive in this region.
... |
| | | 07/30/09 | Cummins Reports Solid Profit and Strong Cash Flow in Second Quarter Despite Continued Global Recession| -- Company Reaffirms Its Sales and Profit Guidance for 2009 --
COLUMBUS, Ind.--(BUSINESS WIRE)--Jul. 30, 2009--
Cummins Inc. (NYSE: CMI) today reported lower sales and profit in the
second quarter 2009 compared to its record performance during the same
period in 2008 as the global recession continued to dampen demand around
the world. Compared to the first quarter, the Company increased its
profit and improved cash flow on essentially flat sales, as a resu... |
| | | 07/27/09 | Cummins Releases Sixth Annual Sustainability Report| COLUMBUS, Ind.--(BUSINESS WIRE)--Jul. 27, 2009--
Cummins Inc. (NYSE: CMI) today released its sixth annual Sustainability
Report on the Company web site, www.cummins.com.
The report details Cummins’ environmental and corporate responsibility
efforts, in addition to providing an overview of the Company’s business
operations and recent financial results.
Highlights of this year’s report include
An explanation of ... |
| | | 07/27/09 | Cummins Recognized by National Business Group on Health for Promoting Healthy Lifestyles for Its Employees| COLUMBUS, Ind.--(BUSINESS WIRE)--Jul. 27, 2009--
Cummins Inc. (NYSE: CMI) has been honored by the National Business Group
on Health as one of the nation’s leading corporations for innovative
programs promoting a healthy workplace and for helping its employees and
their families to make better choices about their own health and
well-being.
Cummins was among 63 employers that received the Best Employers for
Healthy Lifestyles award at th... |
| | | 07/14/09 | Cummins Inc. Declares Quarterly Common Stock Dividend| COLUMBUS, Ind.--(BUSINESS WIRE)--Jul. 14, 2009--
The Board of Directors of Cummins Inc. (NYSE:CMI) today declared a
quarterly common stock cash dividend of 17.5 cents per share, payable
Sept. 1, 2009 to shareholders of record on Aug. 21, 2009.
About Cummins
Cummins Inc., a global power leader, is a corporation of complementary
business units that design, manufacture, distribute and service engines
and related technologies, incl... |
| | | 06/25/09 | "Fuel Duel" Confirms 5 Percent Higher Fuel Efficiency for Cummins Tier 4| Operating Costs Reduced And Productivity Improved For Tier 4 Installations
COLUMBUS, Ind.--(BUSINESS WIRE)--Jun. 25, 2009--
Cummins Inc. (NYSE: CMI) today announced the result of a “Fuel Duel”
test confirming a 5 percent fuel efficiency improvement for a Tier 4
Interim QSB6.7 installation compared to an identical machine powered by
a Tier 3 engine. The fuel consumption evaluation was conducted under
site conditions across a series of duty cycles representa... |
| | | 06/10/09 | Beijing Foton Cummins Engine Company Starts Production of Cummins ISF Light-Duty Engine| BEIJING--(BUSINESS WIRE)--Jun. 10, 2009--
Beijing Foton Cummins Engine Company Limited (BFCEC), a 50/50 joint
venture between Cummins Inc. (NYSE:CMI) and China’s Beiqi Foton Motor
Company (Foton Motor) have officially begun production of Cummins
light-duty, high-performance ISF diesel engines.
With a power range from 109 – 170 horsepower, the new ISF2.8 and ISF3.8
have been developed to produce high performance with low weight, making
... |
| | | 05/12/09 | Cummins Well Positioned to Emerge from Recession Stronger Than Ever, Chairman and CEO Tim Solso Tells Shareholders| COLUMBUS, Ind.--(BUSINESS WIRE)--May. 12, 2009--
Despite the current global recession, the Company is taking aggressive
actions to ensure that its long-term profitable growth resumes once the
economic recovery begins, Cummins Inc. Chairman and Chief Executive
Officer Tim Solso told shareholders today at the Company’s annual
meeting.
Speaking from the Columbus Engine Plant, Solso told shareholders that
Cummins (NYSE: CMI) is preparing f... |
| | | 05/07/09 | Cummins to Temporarily Close Columbus MidRange Engine Plant as Result of Chrysler Bankruptcy Filing| COLUMBUS, Ind.--(BUSINESS WIRE)--May. 7, 2009--
Cummins Inc. (NYSE: CMI) today announced a number of job actions
affecting its manufacturing operations in Southern Indiana.
The Company is temporarily closing the Columbus MidRange Engine Plant
(CMEP) in Walesboro, just outside Columbus, as a result of Chrysler’s
decision last week to idle its manufacturing operations while it
undergoes bankruptcy reorganization.
CMEP is the sole... |
| | | 04/30/09 | Cummins Reports Lower Revenues and Profits Due to Continued Global Recession| COLUMBUS, Ind.--(BUSINESS WIRE)--Apr. 30, 2009--
Cummins Inc. (NYSE: CMI) today reported lower sales and profit in the
first quarter 2009 as the global recession affected demand for the
Company’s products around the world.
Sales for the quarter were $2.44 billion, down 30 percent from $3.47
billion during the same period in 2008. Earnings Before Interest and
Taxes of $28 million, or 1.1 percent of sales, fell 91 percent from $315
... |
| | | 03/27/09 | Cummins Turbo Technologies to Consolidate Production in Charleston| CHARLESTON, S.C., Mar 27, 2009 (BUSINESS WIRE) -- Cummins Turbo Technologies, a subsidiary of Cummins Inc. (NYSE: CMI),
announced today that it will consolidate its turbocharger operations in
Charleston into a single facility over the next 18 months. Currently,
Cummins Turbo Technologies produces turbochargers for a range of diesel
engines at two facilities in the Charleston area, which together employ
approximately 530 people.
Under the plan announced to... |
| | | 03/16/09 | Cummins Achieves Top Ranking in Corporate Governance| COLUMBUS, Ind.--(BUSINESS WIRE)--Mar. 16, 2009--
Cummins Inc. (NYSE: CMI) announced today that it has received the
highest possible rating for its corporate governance practices from
GovernanceMetrics International (GMI). Cummins was one of just 43, or 1
percent of the companies rated, that received GMI’s highest rating of
10.0.
GMI rated companies based on six areas of analysis: board
accountability, financial disclosure and internal ... |
| | | 02/25/09 | Cummins Revises 2008 Operating Results to Reflect Increased Warranty Liability| COLUMBUS, Ind.--(BUSINESS WIRE)--Feb. 25, 2009--
Cummins Inc. (NYSE: CMI) announced today that it has revised its fourth
quarter and full year 2008 operating results to reflect a higher
warranty liability than previously reported.
As a result of the change, the Company’s Earnings Before Interest and
Taxes (EBIT) for the fourth quarter decreased by $73 million, while net
income was reduced by $46 million, or 23 cents a share. The chang... |
| | | 02/10/09 | Cummins Inc. Declares Quarterly Common Stock Dividend| COLUMBUS, Ind.--(BUSINESS WIRE)--Feb. 10, 2009--
The Board of Directors of Cummins Inc. (NYSE:CMI) today declared a
quarterly common stock cash dividend of 17.5 cents per share, payable
March 2, 2009 to shareholders of record on Feb. 20, 2009.
About Cummins
Cummins Inc., a global power leader, is a corporation of complementary
business units that design, manufacture, distribute and service engines
and related technologies, incl... |
| | | 02/03/09 | Cummins Reports Fifth Consecutive Year of Record Sales and Earnings, Despite Weaker Demand in the Fourth Quarter| Company Expects to Earn Solid Profit in 2009 Despite Forecasted 20 Percent Drop in Sales
COLUMBUS, Ind.--(BUSINESS WIRE)--
Cummins Inc. (NYSE: CMI) today reported its fifth consecutive year of
record sales and profits, despite significant global economic challenges
that negatively affected fourth quarter performance.
For the year, sales increased 10 percent to $14.34 billion, from $13.05
billion in 2007. Net income rose 8 percent to $801 million, o... |
| | | 02/02/09 | Cummins Offers Voluntary Retirement Package to Hourly Workers in Southern Indiana| COLUMBUS, Ind.--(BUSINESS WIRE)--
Cummins Inc. (NYSE: CMI) announced today that it has offered a voluntary
retirement package to hourly employees in southern Indiana who meet
certain eligibility criteria.
Approximately 700 employees are eligible for the program and the Company
will accept up to 350 voluntary retirement applications. All hourly
workers in southern Indiana with 30 years of service, or who are at
least 55 years old with a... |
| | | 01/20/09 | Cummins Emission Solutions Announces Strategic Partnership with EMCON Technologies; Plans to Close its Wautoma (Wisc.) Plant| COLUMBUS, Ind.--(BUSINESS WIRE)--Jan. 20, 2009--Cummins Emission Solutions (CES), a subsidiary of Cummins Inc. (NYSE:
CMI), announced today it will strategically partner with EMCON
Technologies LLC (EMCON) in the manufacturing of CES-Designed emission
controls systems for the 2010 on-highway truck market.
CES will continue to provide the integrated DPF-SCR systems for meeting
2010 EPA emission standards from its existing manufacturing base in
... |
| | | 01/13/09 | Cummins Announces Further Workforce Reductions in Response to Global Recession; Officers' Pay Cut by 10 Percent for 2009| COLUMBUS, Ind.--(BUSINESS WIRE)--Jan. 13, 2009--Cummins Inc. (NYSE: CMI) announced today that it will reduce its
permanent professional workforce worldwide by at least 800 employees by
the end of February and freeze salaries for the year.
As part of the latest reductions, the Company will offer a second
voluntary retirement package to certain active professional employees in
the United States. The remainder of the reductions will result from
... |
| | | 01/12/09 | Cummins Reaffirms Readiness for EPA 2010 Regulations| COLUMBUS, Ind.--(BUSINESS WIRE)--Jan. 12, 2009--Cummins Inc. (NYSE:CMI) reaffirmed today that its entire on-highway
product range, including its industry-leading ISX, will be ready to meet
the new Environmental Protection Agency (EPA) regulations for the North
American market beginning in 2010. The breadth of Cummins 2010 product
offerings demonstrates Cummins commitment to its customers as well as to
the environment.
Customers' concerns fo... |
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Expiry Date :: May 4, 2007,
Publish Date :: May 4, 2006,
Author :: cb154,
Approver :: cb154
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