Edition:
United States

Cummins Inc (CMI.N)

CMI.N on New York Stock Exchange

142.25USD
9 Dec 2016
Change (% chg)

$-1.53 (-1.06%)
Prev Close
$143.78
Open
$144.00
Day's High
$144.00
Day's Low
$141.80
Volume
242,181
Avg. Vol
347,876
52-wk High
$147.10
52-wk Low
$79.89

Latest Key Developments (Source: Significant Developments)

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

Cummins Inc gives FY 2016 outlook
Thursday, 4 Feb 2016 07:30am EST 

Cummins Inc:Expects revenues to decline between 5 and 9 percent in FY 2016 and EBIT to be in the range of 11.6 to 12.2 percent of sales.  Full Article

Cummins Inc announces job cuts as global economy weighs on sales - Reuters
Tuesday, 27 Oct 2015 08:27am EDT 

Cummins Inc:Cummins Inc on Tuesday posted a lower quarterly net profit that missed Wall Street expectations and announced it would lay off up to 2,000 people as global economic weakness continued to weigh on its international sales - RTRS.Cummins said the majority of the job cuts would take place by the end of 2015 and deliver annualized savings of between $160 million to $200 million - RTRS."We are taking difficult but necessary actions to lower costs in the face of weak demand in many of our markets." Cummins chief executive Tom Linebarger said in a statement - RTRS.He added that industry orders in "key end markets" in Brazil and China are "at multi-year lows" and there is no sign that these markets will rebound in the short term - RTRS.  Full Article

Cummins Inc declares quarterly common stock dividend
Tuesday, 13 Oct 2015 03:04pm EDT 

Cummins Inc:Declared a quarterly common stock cash dividend of 97.5 cents per share.Payable on Dec. 1, to shareholders of record on Nov. 20.  Full Article

Cummins Inc reaffirms FY 2015 guidance
Tuesday, 28 Jul 2015 07:30am EDT 

Cummins Inc:Sees FY 2015 revenue to grow between 2 pct. to 4 pct.Sees FY 2015 EBIT to be in the range of 13.5 pct. to 14.0 pct. of sales.  Full Article

Exclusive: Cummins to explore sale of its filtration business - sources

Cummins Inc , a U.S. manufacturer of engines for large trucks, is preparing to explore the sale of a business that makes filters and coolants, potentially valuing it at more than $1.5 billion, according to people familiar with the matter.