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. (CMI) operates as a global power solutions manufacturer with business segments spanning engines, components, distribution, power systems, and zero-emissions technologies. The company's news flow reflects its diverse operations across commercial trucking, industrial equipment, power generation, and clean energy markets.
Investors following Cummins can expect quarterly earnings reports detailing performance across the company's engine, components, distribution, and power systems segments. The company regularly announces dividend actions, reflecting its long-standing shareholder return practices. Product launch announcements cover new engine platforms, emission control technologies, and zero-emissions solutions through the Accelera brand. Partnership and collaboration news often involves original equipment manufacturers in trucking, construction, and mining industries, as well as clean energy technology agreements for hydrogen production and battery electric systems.
Material events disclosed through regulatory filings include executive appointments, board changes, strategic business decisions, and significant contracts or partnerships. Given Cummins' global operations, news may address regional market dynamics, regulatory compliance developments, manufacturing capacity adjustments, or technology licensing agreements. The company's expansion into hydrogen and battery electric technologies generates announcements related to electrolyzer projects, fuel cell developments, and electric powertrain integrations with commercial vehicle manufacturers.
This news page aggregates real-time updates from regulatory filings, press releases, and verified sources to help investors track Cummins' business developments across its industrial, power generation, and clean energy operations.
Accelera by Cummins, a zero-emissions business segment of Cummins Inc., is collaborating with BMC Otomotiv to provide battery solutions for their transit bus operations in Europe, marking the first use of the BP97E battery pack in the region. The high-energy-density battery pack offers up to 97 kWh storage capacity, allowing for efficient and reliable transportation while promoting sustainability. The project is set to deliver batteries in the first half of 2024 and buses to customers in 2025.
TCPL GES inaugurated a new state-of-the-art manufacturing facility in India to produce hydrogen-based Internal Combustion Engines for commercial vehicles and low to zero emission technology products. The facility reflects Tata Motors and Cummins' commitment to innovation, manufacturing excellence, and environmental sustainability. The partnership aims to advance decarbonization strategies, shaping a cleaner and sustainable future for India. Tata Motors and Cummins have a 30-year partnership and formed TCPL GES to develop low and zero-emission propulsion technology solutions for commercial vehicles, supporting India's net-zero ambitions.
Cummins Inc. (NYSE: CMI) reported first quarter 2024 results with revenues of $8.4 billion and GAAP Net Income of $2.0 billion. The company raised full-year revenue guidance, expecting a 2% to 5% decline, and EBITDA is forecasted to be in the range of 14.5% to 15.5%. Cummins remains focused on advancing innovative power solutions and profitable growth.
Cummins Inc. introduces Cummins Helm(TM) Platforms aimed at higher efficiency, lower emissions, and the use of multiple fuels. The company focuses on providing customers with the optionality needed to align with their operational and sustainability objectives.
Cummins Inc. (NYSE: CMI) has appointed Alison Trueblood as Vice President of Cummins Emissions Solutions, effective May 1. Trueblood's vast experience in leadership roles within Cummins, particularly in fuel cell and hydrogen technologies, makes her well-suited to lead the company through stricter emissions regulations and the transition to a more sustainable future. Her global experience and business acumen will be instrumental in executing Cummins' Destination Zero strategy and strengthening the company's position in the market.
Cummins Inc. (NYSE:CMI) has appointed four new leaders to the role of vice president, in addition to one already appointed earlier in January. The new leaders have been recognized for their expertise, commitment to the company's culture, and ability to drive success in the ever-evolving energy transition. Each leader brings unique skills and experiences that will help position Cummins for greater success in the future.
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