Cummins Inc. was pleased to hold our 2024 Analyst Day, both in person and virtually on May 16th , where we shared our long-term strategy to profitably grow our business and position Cummins for the future. The event presentation and video replays of the event can be found below. Please submit any questions to investor.relations@cummins.com.
Event Speakers & Panelists
Full Video
- Jennifer Rumsey | Chair and Chief Executive Officer
- Jenny Bush | President, Power Systems Business
- Amy Davis | President, Accelera™ by Cummins and Components
- Mark Smith | Chief Financial Officer
- Q&A Panel included the event speakers, joined by Brett Merritt | President, Engine business and Bonnie Fetch | President, Distribution Business
Raising Long-term Financial Targets
Jennifer Rumsey | Chair and Chief Executive Officer
Jennifer Rumsey is excited and proud to share the progress we’ve made since our last Analyst Day – and what you can expect from Cummins, and from Jennifer as Chair and CEO, through 2030.
I hope three points will become clear today:
- One - our Destination Zero strategy is the right strategy - and we are in a strong position to win regardless of the pace of the technology transition.
- Two - we have continued to strengthen our position and execute on both our strategy and our financial commitments.
- Three - we are raising our financial expectations from our last Analyst Day
Future of Power Systems
Jenny Bush | President Power Systems Business
We hope you are now as excited as we are about the future of Power Systems. This business is now a much bigger part of the Cummins story than in previous years
We are confident in our ability to secure top-line growth and further expand margins.
We will invest to have the right products to serve the most demanding applications and deliver profitable growth for Cummins.
Watch Video
Positioning for the Future
Amy Davis | President, Accelera™ by Cummins and Components
Our mission is clear and focused: To accelerate the shift to net zero by pursuing the most promising paths forward.
Launching the Accelera brand has done 3 things:
- Helped us stand out
- Focused our employees and inspired them to accelerate innovation
- Articulates a clear mission and technical focus
While there remains a lot of external factors driving market uncertainty to a range of revenue outcomes, Accelera is a growth business for the company through new markets and partnerships and expanding share of wallet with core customers. Accelera successfully scales to breakeven in 2027.
Watch Video
Driving Value to Shareholders
Mark Smith | Chief Financial Officer
- Cummins is best-placed to support global OEMs
- Secular themes support growth at 1.5x global GDP through 2030
- Margin improvement + disciplined capital deployment to drive higher returns
- Outlook for 2024 unchanged, with 1H expected to be stronger than 2H
