Investor Relations

We’re Powering a World That’s Always On

Cummins Inc. is a global power leader that brings the right technology solutions to market at the right time. These solutions include advanced diesel, natural gas, hybrid, electric and fuel cell and other technologies. We’re powering the future through innovations that make people's lives better and reduces our environmental footprint.

Our Environmental Sustainability Strategy

We’re using science-based goals to drive our environment sustainability strategy. From addressing climate change and air emissions at our facilities to using natural resources in the most sustainable way, we’re aiming for net-zero carbon emissions by 2050.

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Latest Financial Results

Q1 2024

Quarter Ended Mar 31, 2024

For complete information regarding our financials, see our periodic filings

$8.4B

First quarter 2024 revenues of $8.4 billion; GAAP Net Income of $1,993 million and Diluted EPS of $14.03

30.6%

First quarter 2024 EBITDA of $2,572 million or 30.6 percent of sales

Latest Annual Filing

For Fiscal Year Ending Dec 31, 2023

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A Global Power Leader

Cummins Inc., a global power solutions leader, is comprised of five business segments – Components, Engine, Distribution, Power Systems and Accelera by Cummins – supported by our global manufacturing and extensive service and support network, skilled workforce and vast technological expertise. Cummins is committed to its Destination Zero strategy, which is grounded in the company’s commitment to sustainability and helping its customers successfully navigate the energy transition with its broad portfolio of products. The products range from advanced diesel, natural gas, electric and hybrid powertrains and powertrain-related components including, aftertreatment, turbochargers, fuel systems, valvetrain technologies, controls systems, air handling systems, automated transmissions, axles, drivelines, brakes, suspension systems, electric power generation systems, batteries, electrified power systems, hydrogen production technologies and fuel cell products.

Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 75,500 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment, and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide with sales of $34.1 billion in 2023. See how Cummins is powering a world that's always on by accessing news releases and more information at https://www.cummins.com/.

Cummins Inc. at a Glance

~450

wholly-owned, joint venture and independent distributor locations

>19,000

Cummins certified dealer locations

~190

Countries and territories

As of Dec. 31, 2023 • 10-K 2023

Revenue Breakdown for FY 2023

As of December 31, 2023 • 10-K 2023

Revenue by Segment

EBITDA by Segment

$34.1B

Full year revenue for FY 2023

$3.02B

EBITDA for FY 2023

$6.50

Dividend Per Share, compared to $6.04 for FY 2022

Our Operating Segments

Our five complementary operating segments share technology, customers, strategic partners, brand recognition and a distribution network while targeting their respective markets.

Our Components segment supplies products which complement the Engine and Power Systems segments, including axles, drivelines, brakes and suspension systems for commercial diesel and natural gas applications, aftertreatment systems, turbochargers, fuel systems, valvetrain technologies, filtration products, automated transmissions and electronics. We develop drivetrain systems, aftertreatment systems, turbochargers, fuel systems, transmissions and electronics to meet increasingly stringent emission and fuel economy standards. The Components segment is organized around the following businesses:

  • Axles and brakes
  • Emission solutions
  • Engine components
  • Automated transmissions
  • Software and electronics

Our Engine segment manufactures and markets a broad range of diesel and natural gas-powered engines under the Cummins brand name, as well as certain customer brand names, for the heavy and medium-duty truck, bus, recreational vehicle (RV), light-duty automotive, construction, mining, marine, rail, oil and gas, defense and agricultural markets.

End-User markets served:

  • Heavy-duty truck
  • Medium-duty truck and bus
  • Light-duty automotive (Pick-up and Light Commercial Vehicle (LCV))
  • Off-highway

Our Distribution segment is our primary sales, service, and support channel. This segment serves our customers and certified dealers through a worldwide network of wholly owned, joint venture, and independent distribution locations.

Our wholly owned locations operate and serve North America, Asia Pacific, Europe, China, Africa and Middle East, India and Latin America. 

Our joint venture locations serve markets in South America, Southeast Asia, India, Middle East and Africa.

Our Power Systems segment is comprised of three product lines:

  • Power generation: We design, manufacture, sell and support standby and prime power generators.
  • Industrial: We design, manufacture, sell and support diesel and natural gas high-speed, high-horsepower engines for a wide variety of equipment in mining, rail, defense, oil and gas and marine applications.
  • Generator technologies: We design, manufacture, sell and support A/C generator/alternator products for internal consumption and for external generator set assemblers.

Our customer base for Power Systems offerings is highly diversified, with customer groups varying based on their power needs. China, India, Europe, Asia Pacific, Latin America, the Middle East and Africa are our largest geographic markets outside of North America.

Our Accelera segment designs, manufactures, sells and supports hydrogen production technologies as well as electrified power systems with innovative components and subsystems, including battery, fuel cell and electric powertrain technologies. The Accelera segment is currently in the early stages of commercializing these technologies with efforts primarily focused on the development of our electrolyzers for hydrogen production and electrified power systems and related components and subsystems. We continue to serve all our markets as they adopt electrification and alternative power technologies, meeting the needs of our OEM partners and end customers.

Our Products

Land and Sea Power:

Land and Sea Power:Engines

From land to sea, our engines are used in nearly every type of vehicle and equipment on Earth. Our engines deliver reliable, efficient and durable power.

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Power Sources:

Power Sources:Generators

Our gensets provide reliable standby and prime power systems. From hospitals and data centers to drilling and mining operations, we power your needs.

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Power Elements:

Power Elements:Components

When engine manufacturers incorporate our industry-leading components into their products, the result is higher performance, efficiency and reliability.

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The Future of Power:

The Future of Power:Electric

We’re building the future of electric trucks. From small to large commercial applications, we build flexible, scalable power solutions for every fleet.

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IR Contacts

Corporate Office

Cummins Inc.
Investor Relations MC: 31742
301 E Market Street
Indianapolis, IN 46204

Investor Relations

Cummins Inc.
Chris Clulow
Vice President, Investor Relations
T: 812-377-3121
christopher.clulow@cummins.com
investor.relations@cummins.com

Transfer Agent

Broadridge Shareholder Services
T: 1-844-973-0592
shareholder@broadridge.com
www.shareholder.broadridge.com/cmi/

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