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Cummins Reports Third Quarter 2020 Results
Cummins Increases Quarterly Common Stock Dividend
Cummins Files Final Term Sheet For $2 Billion, 3-Part Senior Notes Offering
Cummins Inc. designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products. The Company's segments include Engine, Distribution, Components and Power Systems. The Engine segment manufactures and markets a range of diesel and natural gas powered engines under the Cummins brand name, as well as certain customer brand names, for the heavy and medium-duty truck, bus, recreational vehicle (RV), light-duty automotive and agricultural markets. The Distribution segment consists of the product lines, which service and/or distribute a range of products and services, including parts, engines, power generation and service. The Components segment supplies products, including aftertreatment systems, turbochargers, filtration products and fuel systems for commercial diesel applications. The Power Systems segment consists of businesses, including Power generation, Industrial and Generator technologies.
Misc. Capital Goods
500 Jackson St
PO Box 3005
Norman Thomas Linebarger
Chairman of the Board, Chief Executive Officer
Livingston Lord Satterthwaite
President, Chief Operating Officer
Mark Andrew Smith
Chief Financial Officer, Vice President
Jill E. Cook
Chief Human Resource Officer, Vice President
Walter J. Fier
Vice President, Chief Technical Officer
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Contracts to buy U.S. previously owned homes fell for a second straight month in October as an acute shortage of properties pushed up prices, though the housing market remains supported by record low mortgage rates.
Contracts to buy U.S. previously owned homes rebounded by the most on record in May, suggesting the housing market was starting to turn around after being hammered by the COVID-19 pandemic along with the rest of the economy.
* Q1 REVENUE $5.0 BILLION VERSUS REFINITIV IBES ESTIMATE OF $4.88 BILLION
U.S. engine maker Cummins Inc said on Friday it would cut salaries of all employees in the United States as well as its chief executive to reduce costs as the impact of the coronavirus pandemic weighs on the industry.
* CUMMINS INC - REDUCTION OF 25 PERCENT IN DIRECTOR COMPENSATION
* CUMMINS INC SAYS CEO NORMAN LINEBARGER'S FY 2019 TOTAL COMPENSATION WAS $25.1 MILLION VERSUS $17.3 MILLION IN FY 2018 - SEC FILING
Contracts to buy previously owned homes increased more than expected in September, suggesting that the housing market was getting a lift from lower mortgage rates though tight supply remains a constraint.
U.S. engine maker Cummins Inc on Wednesday reported lower-than-expected quarterly profit and forecast full-year sales below analysts' estimates, raising concerns of a slowdown in sales of heavy-duty trucks in North America, its biggest market.
U.S. engine maker Cummins Inc reported a 12 percent rise in fourth-quarter revenue on Wednesday, driven by strong demand for its engines from the heavy-duty truck makers and the construction equipment sector.
Cummins Inc <CMI.N> topped Wall Street estimates for quarterly profit on Tuesday, as the U.S. engine maker was lifted by strong demand for trucks in a booming global construction market.
Cummins Inc <CMI.N> said it expects $250 million tariff-related costs in 2019, which the company would try to offset with pricing and improvements in its supply chain.
Cummins Inc reported a 53 percent jump in quarterly profit on Tuesday, driven by strong demand for its diesel and natural gas engines.
Cummins Power Generation Inc, a unit of Cummins Inc, has won a $491 million contract to provide advanced medium mobile power sources to the U.S. Army, the Pentagon said on Wednesday.
Cummins Inc has agreed to recall about 500,000 medium- and heavy-duty trucks in the United States to correct a faulty emissions control system in the engines it made for the trucks, the U.S. Environmental Protection Agency said on Tuesday.
Cummins Inc has agreed to recall about 500,000 medium- and heavy-duty trucks produced between 2010 and 2015 to correct a faulty emissions control system part that degrades and allows too much nitrogen oxide pollution, the U.S. Environmental Protection Agency said on Tuesday.
* CUMMINS INC - CO, ANHUI JIANGHUAI AUTOMOBILE TO FORM 50:50 JV AFTER CUMMINS PURCHASED NAVISTAR'S 50 PERCENT EQUITY OF JAC-NAVISTAR DIESEL ENGINE CO
U.S. engine maker Cummins Inc <CMI.N> said on Tuesday it was widening field repairs to include engines produced between 2010 and 2015 as it strives to quell emissions regulators' concerns that have already cost the company almost $200 million.
* CUMMINS ANNOUNCES FIRST QUARTER RESULTS; RAISES OUTLOOK FOR 2018
Cummins Inc posted a 21.4 percent increase in quarterly revenue on Tuesday, driven by strong demand for its engines from the North American heavy-duty truck market and global construction-equipment makers.
* AGREEMENT RUNS FOR 4 YEARS Source text for Eikon: Further company coverage:
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