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Cummins Inc (CMI.N)

CMI.N on New York Stock Exchange

156.64USD
26 May 2017
Change (% chg)

$0.78 (+0.50%)
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Latest Key Developments (Source: Significant Developments)

Cummins sets quarterly cash dividend of $1.025 per share
Tuesday, 9 May 2017 03:15pm EDT 

May 9 (Reuters) - Cummins Inc :Sets quarterly cash dividend of $1.025per share.  Full Article

Cummins says could acquire some subsystems technologies as electrified powertrain evolves - Conf Call
Tuesday, 2 May 2017 11:26am EDT 

May 2 (Reuters) - Cummins Inc :Says demand for construction equipment doubled from a year ago in China in response to stronger infrastructure investment.Says expects industry production for heavy-duty trucks in North America to be 195,000 units in 2017, up from its prior forecast of 178,000 units, but still down 3 percent from last year.Says projecting 10-15 percent growth in off-highway markets in china in 2017, compared to previous guidance of up 5 percent, primarily due to higher demand for construction equipment.Says its filtration business is not for sale.Says could acquire some subsystems technologies, such as, battery control and power electronics, as electrified powertrain evolves.Cummins says already has pilot products running with fully electrified powertrains designed and built by co.  Full Article

Cummins Q1 EPS $2.36
Tuesday, 2 May 2017 07:30am EDT 

May 2 (Reuters) - Cummins Inc :Cummins announces first quarter results; raises outlook for 2017.Q1 earnings per share $2.36.Q1 revenue $4.6 billion versus i/b/e/s view $4.15 billion.Q1 earnings per share view $1.81 -- Thomson Reuters I/B/E/S.Sees fy 2017 revenue up 4 to 7 percent.Cummins inc - full year 2017 revenues expected to be up 4 to 7 percent.Cummins inc - sees fy ebit is projected to be in range of 11.75 to 12.5 percent of sales.Cummins-Fy forecast excludes impact of new jv with eaton, which will be consolidated within co's financial results, is expected to be operational in q3.Fy2017 revenue view $17.30 billion -- Thomson Reuters I/B/E/S.  Full Article

Eaton, Cummins announce joint venture
Monday, 10 Apr 2017 09:00am EDT 

Cummins Inc : Eaton and cummins Inc announce joint venture for automated transmissions for heavy- and medium-duty commercial vehicles . Under terms of agreement, Eaton will receive $600 million in cash from Cummins for 50 percent interest in joint venture. . Cummins and Eaton will each own 50 percent of new joint venture .Cummins will consolidate joint venture results as part of its components business segment.  Full Article

Cummins Q2 earnings per share $2.40
Tuesday, 2 Aug 2016 07:30am EDT 

Cummins Inc : Q2 earnings per share $2.40 . Q2 earnings per share view $2.16 -- Thomson Reuters I/B/E/S . Cummins announces second quarter 2016 results . Q2 revenue $4.5 billion versus I/B/E/S view $4.5 billion . Cummins announces second quarter 2016 results . Expects full year 2016 revenues to be down 8 to 10 percent, lower than previous guidance of down 5 to 9 percent . Full year 2016 EBIT expected to be in range of 11.6 to 12.2 percent, unchanged .FY 2016 revenue view $17.56 billion -- Thomson Reuters I/B/E/S.  Full Article

Cummins Inc raises quarterly dividend to $1.025/shr
Tuesday, 12 Jul 2016 03:30pm EDT 

Cummins Inc : Cummins Inc increases quarterly common stock dividend . Sets quarterly cash dividend of $1.025 per share .Board approved an increase in company's quarterly cash dividend on common stock from 97.5 cents per share to 1.025 dollars per share.  Full Article

Cummins Inc reaffirms FY 2016 guidance
Tuesday, 3 May 2016 07:30am EDT 

Cummins Inc:Expects FY 2016 revenues to be down 5 to 9 percent, and EBIT to be in the range of 11.6 to 12.2 percent of sales, unchanged from the company's forecast three months ago.  Full Article

Cummins reorganizing Kent operations to improve efficiencies
Tuesday, 16 Feb 2016 07:30am EST 

Cummins Inc:Reorganizing Kent operations to improve efficiencies.Says plans to relocate its generator set assembly operations located in Kent, U.K. to Daventry, U.K., Phaltan, India and Wuhan, China.Says footprint of the Cummins Kent site will be reduced.Footprint of the Cummins Kent site will be reduced as it is transformed into an important regional distribution and logistics center.  Full Article

Cummins Inc declares quarterly common stock dividend
Tuesday, 9 Feb 2016 04:32pm EST 

Cummins Inc:Declared a quarterly common stock cash dividend of 97.5 cents per share, payable on March 1, 2016, to shareholders of record date as on February 19.  Full Article

Cummins announces $500 million accelerated share repurchase
Tuesday, 9 Feb 2016 07:42am EST 

Cummins inc:Announces $500 million accelerated share repurchase.Says will repurchase $500 million of its common stock from gs &co. with an initial delivery of approximately 4 million shares.Share repurchase expected to be completed by the end of the second quarter of 2016.  Full Article

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BRIEF-Cummins sets quarterly cash dividend of $1.025 per share

* Sets quarterly cash dividend of $1.025per share Source text for Eikon: Further company coverage: