Cummins (NYSE: CMI) stock price has silently surged to a record high, joining other industrial giants like Emerson Electric, Rolls-Royce, and Illinois Tool Works. It has jumped for three straight weeks, reaching a record high of $295. It is up by 88% in the past five years and by 22% this year.Business is still growing Copy link to section Cummins is one of the biggest industrial giants in the United States. The company manufactures various products, including automated transmissions, axles and brakes, auto ...

The most recent trading session ended with Cummins (CMI) standing at $270.24, reflecting a +0.17% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily loss of 0.19%. Elsewhere, the Dow saw an upswing of 0.1%, while the tech-heavy Nasdaq depreciated by 0.54%.Prior to today's trading, shares of the engine maker had gained 6% over the past month. This has outpaced the Auto-Tires-Trucks sector's gain of 0.68% and the S&P 500's gain of 3.18% in that time.Analysts and investors a ...

COLUMBUS, Ind.--(BUSINESS WIRE)--Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. (NYSE: CMI), has reached a significant milestone by successfully commissioning its first fuel-cell-powered locomotive for freight rail applications. Replacing typical diesel generators, Accelera fuel cells now serve as the primary power unit in the conversion project of a light On Track Machine (OTM) Vehicle in Austria developed for the HY2RAIL project. In partnership with the Austrian railway autho ...

COLUMBUS, Ind.--(BUSINESS WIRE)--Today, Cummins Inc. (NYSE: CMI) announced it will launch its most efficient heavy-duty diesel engine ever. As the next product in the Cummins HELM™ 15-liter fuel agnostic platform, the diesel X15 will be compliant with U.S. EPA and CARB 2027 aligned regulations at launch. The next generation X15 diesel engine in North America will serve the heavy-duty on-highway market. “We have applied our decades of experience with the X15 to our next-generation product and believe thes ...

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) announced today the appointment of four leaders to the role of vice president, effective March 1 – Ricardo Roman, Michelle Probst, Gbile Adewunmi and Matt McQueen – in addition to Ashwath Ram, who was appointed Vice President in January. “These leaders each demonstrate, in their own unique ways, a commitment to making a positive impact on our company, our customers and our people,” said Jennifer Rumsey, Chair and CEO, Cummins Inc. “These leaders a ...

COLUMBUS, Ind.--(BUSINESS WIRE)--Today, Cummins Inc. (NYSE: CMI) announced the election of John H. Stone to its Board of Directors. “I am delighted to welcome John to our Board of Directors,” said Jennifer Rumsey, Chair and CEO, Cummins Inc. “John joins our board with deep expertise in our industry and leading strategic, technology-led growth and expansion initiatives, which will be an asset to us as we continue to execute our growth strategy and lead our industry through the energy transition.” Stone i ...

Financial data for the Engine segment was as follows: | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------|-------|--------------|-------|-------------------------|-------|-------|--------|-------|-----------------|--------------------------------------------------|-------|-----------------|----------------------| | In millions | | Years \n2023 | | ended December \n2022 | 31, | | 2021 | | 2023 \nAmount | Favorable/(U ...

Cummins Inc. (NYSE:CMI) Q4 2023 Earnings Conference Call February 6, 2024 10:00 AM ET Company Participants Chris Clulow - VP, IR Jennifer Rumsey - Chairman & CEO Mark Smith - CFO Conference Call Participants Jerry Revich - Goldman Sachs Tim Thein - Citigroup David Raso - Evercore Angel Castillo - Morgan Stanley Rob Wertheimer - Melius Research Tami Zakaria - JPMorgan Noah Kaye - Oppenheimer Michael Feniger - Bank of America Operator Greetings, and welcome to Cummins Inc. Third Quarter 2023 Earnings Conferen ...

Cummins Inc. (CMI) reported fourth-quarter 2023 earnings of $4.14 per share, which declined from $4.52 per share recorded in the corresponding quarter of 2022. The bottom line also missed the Zacks Consensus Estimate of $4.41 per share. Cummins’ revenues totaled $8.54 billion, up from $7.77 billion recorded in the year-ago quarter. The top line also beat the Zacks Consensus Estimate of $8.08 billion.Key TakeawaysIn the reported quarter, sales in the Engine segment were up 5% year over year to $2.8 billion. ...

Cummins (CMI) reported $8.54 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 10%. EPS of $4.14 for the same period compares to $4.52 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $8.08 billion, representing a surprise of +5.79%. The company delivered an EPS surprise of -6.12%, with the consensus EPS estimate being $4.41.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how th ...