- When was Cummins founded?
Cummins was founded on February 3, 1919.
- When did Cummins make its initial public offering?
Cummins stock was first traded publicly in 1947.
- When did Cummins ship its first product?
The first Cummins engine was produced in April 1919. It was the HVID design engine, with 6 HP.
- How many current employees do you have?
At December 31, 2023, we employed approximately 75,500 persons worldwide.
- What markets does Cummins serve?
Cummins Inc. was founded in 1919 as a corporation in Columbus, Indiana, as one of the first diesel engine manufacturers. We are a global power leader that designs, manufactures, distributes and services 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. We sell our products to original equipment manufacturers (OEMs), distributors, dealers and other customers worldwide. We serve our customers through a service network of approximately 450 wholly-owned, joint venture and independent distributor locations and more than 19,000 Cummins certified dealer locations in approximately 190 countries and territories.
Cummins is organized into five complementary operating segments:
- The 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.
- The Power Systems segment is an integrated power provider, which designs, manufactures and sells engines (16 liters and larger) for industrial applications (including mining, oil and gas and marine), standby and prime power generators; diesel and natural gas high-speed, high-horsepower engines for industrial markets; and alternators, switchgear and other critical power components.
- The 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, 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 Distribution segment is our primary sales, service and support channel. The segment serves our customers and certified dealers through a worldwide network of wholly-owned, joint venture and independent distribution locations. Wholly-owned locations operate and serve markets in the eight geographic regions noted below. Joint venture locations serve markets in South America, Southeast Asia, India, Middle East and Africa, while independent distribution locations serve markets in these and other geographies.
- The 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.
- Does Cummins publish quarterly reports?
You can view our recent quarterly filings on our website SEC Filings.
- Who are Cummins’ largest customers?
We have thousands of customers around the world and have developed long-standing business relationships with many of them. We have long-term supply agreements with PACCAR, Traton, and Daimler for our heavy-duty and medium-duty engine and aftertreatment systems. We also have an agreement with Stellantis to supply engines for its Ram trucks. These agreements contain standard purchase and sale agreement terms covering engine, aftertreatment and engine parts pricing, quality and delivery commitments, as well as engineering product support obligations.
- Who do shareholders contact regarding a change of address?
Contact the company's transfer agent, Broadridge Shareholder Services, at shareholder@broadridge.com, or phone 1-844-973-0592 or 1-303-562-9300. You can write to the transfer agent at:
Broadridge Shareholder Services
c/o Broadridge Corporate Issuer Solutions
PO Box 1342
Brentwood, NY 11717-0718- Who do I contact about replacement of stock certificates?
Contact the company's transfer agent, Broadridge Shareholder Services, at shareholder@broadridge.com, or phone 1-844-973-0592 or 1-303-562-9300. You can write to the transfer agent at:
Broadridge Shareholder Services
c/o Broadridge Corporate Issuer Solutions
PO Box 1342
Brentwood, NY 11717-0718- How do I get put on a mailing or conference call distribution list?
Professional investment analysts and portfolio managers who wish to be on Cummins’ contact list and participate in conference calls are requested to e-mail us at Investor.Relations@cummins.com. Please include your name, firm name, complete mailing address, e-mail address, phone number, and fax number. The conference call is available to the public through our web page; look on the Calendar page for the date and the link.
- How do I buy Cummins stock?
Shares of Common Stock of Cummins Inc. (CMI) are traded on the New York Stock Exchange and can be purchased through any stockbroker.
- Does Cummins pay dividends?
Yes, Cummins regularly pays a quarterly common stock cash dividend. Declaration and payment of dividends in the future depends upon our income and liquidity position, among other factors, and is subject to declaration by the Board, who meets quarterly to consider our dividend payment. We expect to fund dividend payments with cash from operations. You can view our dividend history on our website Dividends.