Welcome to our dedicated page for Cummins news (Ticker: CMI), a resource for investors and traders seeking the latest updates and insights on Cummins stock.
Cummins Inc. (NYSE: CMI) is a global power solutions company whose news flow reflects its role in engines, power generation and zero-emissions technologies. Investors following CMI news can track quarterly earnings, dividend decisions, strategic technology initiatives and leadership changes that shape the company’s direction.
Recent news releases have highlighted first, second and third quarter 2025 financial results, where Cummins reported multi-billion-dollar quarterly revenues and detailed segment performance for Engine, Components, Distribution, Power Systems and Accelera by Cummins. These updates include commentary on demand trends in North America and international markets, such as power generation demand for data centers and shifts in truck and on-highway markets.
Cummins news also covers its energy transition and Destination Zero strategy. Examples include the launch of new engine platforms like the X10 and B7.2 as part of the Cummins HELM platforms, the introduction of the S17 Centum generator set for urban and mission-critical power needs, and Accelera projects such as a 100-megawatt PEM electrolyzer system for bp’s Lingen green hydrogen project. The company has also reported non-cash charges and a strategic review related to its electrolyzer business in response to changing hydrogen adoption expectations.
Strategic collaborations and corporate actions appear regularly in CMI headlines. Cummins and Komatsu have announced a memorandum of understanding to develop hybrid powertrains for surface haulage heavy mining equipment, building on Cummins’ acquisition of First Mode assets for retrofit hybrid solutions. News items also include board and leadership appointments, such as the election of a new director and changes in legal and administrative leadership, as well as recurring announcements of quarterly cash dividends and dividend increases.
By monitoring Cummins news on this page, readers can see how financial performance, capital allocation, product launches, decarbonization projects and governance developments interact across the company’s five segments and global operations.
Cummins Inc. (NYSE: CMI) reported third quarter 2020 revenues of $5.1 billion, an 11% decline from the same quarter in 2019. North American sales dropped 18%, while international revenues were stable. EBITDA reached $876 million (17.1% of sales), down from $958 million (16.6%). Net income fell to $501 million ($3.36 per diluted share) due to a 26.5% tax rate and $31 million in discrete tax items. Cummins announced a 3% increase in its quarterly dividend, marking 11 consecutive years of increases, and completed a $2 billion debt offering. Outlook for Q4 suggests stable revenues with caution on demand visibility.
Cummins (NYSE:CMI) has unveiled two new Digital Master Controls, the DMC2000 and DMC6000, enhancing its PowerCommand® power system offerings. These pre-engineered systems support a variety of configurations, ensuring faster delivery and competitive pricing. They aim to provide reliable power solutions for critical applications like hospitals and data centers. The DMC2000 and DMC6000 complement the existing DMC8000, offering comprehensive flexibility and performance, with rigorous testing to manage over 1,200 failure scenarios. Cummins continues to leverage its extensive experience in power generation solutions.
Cummins Inc. (CMI) announced a 3% increase in its quarterly cash dividend, raising it from $1.311 to $1.35 per share. This dividend will be payable on December 3, 2020, to shareholders on record as of November 20, 2020. The company reported a net income of $2.3 billion on $23.6 billion in sales for 2019, highlighting its strong position in the power solutions market.
Cummins Inc. (NYSE: CMI) has appointed Kimberly A. Nelson to its Board of Directors, effective October 13, 2020. Nelson, former Senior VP of External Relations at General Mills, brings extensive experience in corporate governance and sustainability strategies. Her leadership roles, including President of the Snack Food Division, contributed to significant sales growth. The company anticipates that Nelson's expertise will be crucial in navigating industry challenges and enhancing long-term growth.
Cummins Inc. (NYSE: CMI) plans to invest over $25 million at its Seymour Engine Plant to enhance manufacturing capabilities and create more than 150 jobs over the next 5-10 years. This investment follows over $350 million invested in the past decade, significantly expanding the workforce to 1,100 employees. The upgrades will facilitate the launch of a new engine platform for global customers in 2024, supported by tax incentives from the Indiana Economic Development Corporation.
Cummins Inc. (NYSE: CMI) and Bustech, Australia's leading transit bus supplier, have formed a partnership to develop the next-generation Bustech XDi low floor transit bus. This venture will utilize Cummins' zero-emission battery electric and hydrogen fuel cell technologies. Initial units will be produced for both systems, with production ramping up in late 2021 and early 2022. The battery electric powertrain boasts a range of up to 350 km, while the hydrogen variant offers 450-600 km, depending on storage options. Manufacturing will occur in the U.S., with final assembly in Australia.