|05/03/16||Cummins Reports First Quarter 2016 Results|
|First quarter revenues of $4.3 billion, EBIT of 11.3 percent of
Cummins reaffirms full year guidance for revenues and EBIT
Company announces a second quarter change to Operating Segments
COLUMBUS, Ind.--(BUSINESS WIRE)--May 3, 2016--
Cummins Inc. (NYSE: CMI) today reported results for the first quarter of
First quarter revenues of $4.3 billion decreased 9 percent from the same
|04/11/16||Cummins and Komatsu Partner to Improve Global Communities through Corporate Responsibility Partnership|
|MUNICH--(BUSINESS WIRE)--Apr. 11, 2016--
Tom Linebarger, CEO of Cummins Inc. (NYSE: CMI), and Tetsuji Ohashi, CEO
of Komatsu Ltd. today announced a global corporate responsibility
partnership to improve communities around the world. This partnership
will build on the companies’ already strong business relationship.
“For decades, Cummins and Komatsu have built a strong and growing
business relationship,” said Linebarger. “We share common goals and... |
|04/07/16||Cummins-led Team to Develop Plug-in Hybrid that Reduces Fuel Use by 50%|
|COLUMBUS, Ind.--(BUSINESS WIRE)--Apr. 7, 2016--
Cummins Inc. (NYSE: CMI) today announced the company was awarded a $4.5
million grant from the U.S. Department of Energy to develop a Class 6
commercial plug-in hybrid electric vehicle that can reduce fuel
consumption by at least 50 percent over conventional Class 6 vehicles.
When fully loaded, Class 6 vehicles weigh between approximately 19,000
and 26,000 pounds and typical examples include school ... |
|03/29/16||Cummins and Olayan Announce Middle East Joint Venture|
|COLUMBUS, Ind.--(BUSINESS WIRE)--Mar. 29, 2016--
Today, Cummins Inc. (NYSE: CMI) and The Olayan Group announced the
formation of Cummins Arabia, a 50:50, three-country distribution joint
venture company in the Middle East.
This joint venture consolidates the distribution of Cummins products in
the United Arab Emirates (UAE), Saudi Arabia and Kuwait. Those products
are currently distributed by Cummins’ wholly-owned UAE distributor and
|02/16/16||Cummins Reorganizing Kent Operations to Improve Efficiencies|
|COLUMBUS, Ind.--(BUSINESS WIRE)--Feb. 16, 2016--
Cummins Inc. (NYSE: CMI) today announced that the company is
reorganizing its manufacturing operations, as part of its plan to adjust
to weak global demand for power generation equipment. These moves will
help best position the company for long-term success.
Over the next 24 months, Cummins plans to relocate its generator set
assembly operations located in Kent, U.K. to Daventry, U.K., Phaltan,
|02/09/16||Cummins Inc. Declares Quarterly Common Stock Dividend|
|COLUMBUS, IN -- (Marketwired) -- 02/09/16 --
The Board of Directors of Cummins Inc. (NYSE: CMI) today declared a quarterly common stock cash dividend of 97.5 cents per share, payable on March 1, 2016, to shareholders of record on February 19, 2016.
Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service diesel and natural gas engines and related technologies, including fuel syst... |
|02/09/16||Cummins Announces $500 Million Accelerated Share Repurchase|
|COLUMBUS, Ind., Feb. 9, 2016 (GLOBE NEWSWIRE) -- Cummins Inc. (NYSE: CMI) today announced that it has entered into an accelerated share repurchase (ASR) agreement with Goldman, Sachs & Co. (GS &Co.) to repurchase $500 million of Cummins' common stock. Today's ASR is part of Cummins' previously announced share repurchase plans authorized by the Board of Directors.
Under the terms of the ASR agreement, Cummins will repurchase $500 million of its common stock from GS &Co. with an in... |
|02/04/16||Cummins Announces Financial Results for the Fourth Quarter and Full Year 2015|
|Shares Expectations Regarding 2016 Revenue and Earnings
Fourth quarter 2015 revenues of $4.8 billion, EBIT of 11.1 percent
of sales excluding restructuring and impairment charges
Full Year 2015 revenues of $19.1 billion and EBIT of 12.5 percent,
excluding restructuring and impairment charges
The company expects revenues to decline between 5 and 9 percent in
2016 and EBIT to be in the range of 11... |
|01/11/16||Cummins announces first sites to achieve 'Zero Disposal'|
|COLUMBUS, Ind., Jan. 11, 2016 (GLOBE NEWSWIRE) -- Cummins Inc. (NYSE: CMI) announced today that three of its plants in the United Kingdom and one in France are the first four sites to achieve "Zero Disposal" status, where 100 percent of a facility's waste is handled in a truly useful manner according to the company's waste hierarchy.
That means waste doesn't go to a landfill and can only be incinerated at a waste-to-energy facility after reasonable efforts to reduce, re-use and recycle. And ... |