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Cummins Inc. - CMI STOCK NEWS

Welcome to our dedicated news page for Cummins (Ticker: CMI), a resource for investors and traders seeking the latest updates and insights on Cummins.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cummins's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cummins's position in the market.

News
Cummins Introduces Cummins READY Strategy To Help Prepare for the Workforce of the Future
Rhea-AI Summary
Cummins introduces Cummins READY strategy to prepare for the workforce of the future by unveiling a global community education initiative. The company aims to empower one million learners and workers by 2030 through inclusive STEM education and partnerships. The launch event will announce investments in education programs and new developments in Technical Education for Communities aligned with the Destination Zero initiative.
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How Evolving Mobility and Customer Behaviors Impact the Energy Transition
Rhea-AI Summary
Cummins Inc. discusses the impact of evolving mobility and customer behaviors on the energy transition. The company emphasizes the complexity of the transition and the need for tailored solutions. The PR also highlights a video series, 'The Future of Energy [simplified]', addressing common questions.
Rhea-AI Impact
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-0.12%
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How Does India's Carbon Footprint Differ From the Rest of the World?
Rhea-AI Summary
India's carbon footprint differs from the rest of the world due to various factors like population density, energy sources, economic activities, and government policies. Cummins Inc. delves into India's efforts to reduce emissions and transition to sustainable energy sources through 'The Future of Energy [simplified]' video series.
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0.99%
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Cummins Announces Field Testing of Mining Hybrid (Diesel-Battery) Truck Solution
Rhea-AI Summary
Cummins Inc. (NYSE:CMI) announces field testing of their diesel hybrid solution in partnership with North Hauler Joint Stock Co., The hybrid truck is a 220 metric ton payload mining truck that aims to provide improved fuel efficiency and reduced emissions. The truck is expected to undergo field testing at Baiyun Iron Mine in China, showcasing Cummins' commitment to decarbonization and innovative solutions for industrial customers.
Rhea-AI Impact
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-1.32%
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Cummins Water Works: Watershed Warriors
Rhea-AI Summary
Cummins Inc. employees in Chile are partnering with The Nature Conservancy to restore the High Andean wetlands in the Maipo Basin, important for water filtration and flood mitigation. Their efforts have resulted in over 38 million gallons of net water benefits annually.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.09%
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Cummins: Valuing the Power of Difference
Rhea-AI Summary
Cummins Inc. receives multiple accolades for its commitment to diversity and inclusion, including being named to the Financial Times Diversity Leaders 2024 list, recognized as a Top Hispanic Employer by DiversityComm, and winning Glassdoor's Employees' Choice Awards for Best Places to Work in 2024.
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-0.95%
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Cummins Announces Final Results of Exchange Offer and Finalizes Separation of Atmus Filtration Technologies Inc.
Rhea-AI Summary
Cummins Inc. (NYSE: CMI) successfully completed an exchange offer, accepting 5,574,051 shares of Cummins common stock in exchange for 67,054,719 shares of Atmus Filtration Technologies Inc. common stock. The exchange offer was oversubscribed, resulting in a final proration factor of 6.99255200%. Shareholders who owned fewer than 100 shares of Cummins common stock were not subject to proration. Following the exchange, Cummins no longer holds any shares of Atmus common stock, aiming to bring value to both Cummins and Atmus shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.72%
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Cummins Announces Preliminary Results of Atmus Filtration Technologies Inc. Exchange Offer
Rhea-AI Summary
Cummins Inc. (CMI) announced an oversubscribed exchange offer where shareholders could swap their Cummins common stock for Atmus Filtration Technologies Inc. (ATMU) common stock. 12.0298 shares of Atmus will be exchanged for each Cummins share. Approximately 69,142,112 Cummins shares were tendered, with 5,574,050 shares accepted. Shareholders with fewer than 100 shares were not subject to proration. The final proration factor will be announced on March 18, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.07%
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Accelera fuel cells power locomotive in Austrian project HY2RAIL
Rhea-AI Summary
Cummins Inc. (NYSE: CMI) achieves a milestone with the successful commissioning of a fuel-cell-powered locomotive for freight rail applications in partnership with ÖBB. The project, part of the HY2RAIL initiative, integrates Accelera fuel cells into a 120kW system, meeting stringent railway standards. The transformation from diesel-electric to emissions-free technology marks a significant step towards sustainable heavy-duty transport.
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End-of-Day
0.17%
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Cummins Announces Final Exchange Ratio of 12.0298 in Split-Off of Atmus Filtration Technologies Inc.
Rhea-AI Summary
Cummins Inc. (NYSE: CMI) announces the final exchange ratio for its split-off exchange offer with Atmus Filtration Technologies Inc. Shareholders can exchange their Cummins shares for Atmus shares at a ratio of 12.0298 shares of Atmus for each Cummins share. Cummins expects to accept around 5,574,051 shares if fully subscribed.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.3%
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Cummins Inc.

NYSE:CMI

CMI Rankings

#315 Ranked by Market Cap
#2818 Ranked by Stock Gains
#1312 Ranked by Dividends

CMI Stock Data

40.84B
141.12M
0.41%
89.17%
2.01%
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About CMI

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 systems, controls, air handling, filtration, emission solutions and electrical power generation systems. headquartered in columbus, indiana, (usa) cummins currently employs approximately 54,600 people worldwide and serves customers in approximately 190 countries and territories through a network of approximately 600 company-owned and independent distributor locations and approximately 7,200 dealer locations. cummins earned $1.65 billion on sales of $19.2 billion in 2014.