Cummins’ (CMI) Accelera, PACCAR (PCAR) and Daimler Truck AG have chosen Marshall County, MS, as the future site for their joint venture's (JV’s) advanced battery cell manufacturing. The investment for the factory in Mississippi is estimated to be in the range of $2-$3 billion.The collaboration aims to localize battery cell production for commercial electric vehicles (EVs). It will foster economic growth, create over 2,000 manufacturing jobs in the United States and support the adoption of electric vehicles ...

In the latest market close, Cummins (CMI) reached $229.21, with a -1.71% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 1.23% for the day. Meanwhile, the Dow experienced a rise of 1.06%, and the technology-dominated Nasdaq saw an increase of 1.7%.Prior to today's trading, shares of the engine maker had lost 4.43% over the past month. This has was narrower than the Auto-Tires-Trucks sector's loss of 6.49% and lagged the S&P 500's gain of 0.94% in that t ...

Shares of diesel engine leader Cummins fell Friday after a downgrade to Sell. ...

2023 Guidance 1 2022 excludes $55 million of net cost related to the indefinite suspension of operations in Russia Distribution Segment - Joint Venture Sales Unconsolidated $1,500 Q3 2023 LTM Revenue $1,322 Third Quarter 2023 Earnings Teleconference November 2, 2023 CONTENTS Q3 2023 Summary 2023 Guidance 39 Power Systems Segment - Overview Q3 2023 LTM Results • Third quarter revenues of $8.4 billion Q3 2023 Supplemental Information Appendix 2 Disclosure Regarding Forward-Looking Statements Information provi ...

Cummins Inc. (NYSE:CMI) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Chris Clulow - Vice President, Investor Relations Jennifer Rumsey - Chair & Chief Executive Officer Mark Smith - Chief Financial Officer Conference Call Participants Jerry Revich - Goldman Sachs David Raso - Evercore Rob Wertheimer - Melius Research Tami Zakaria - JPMorgan Tim Thein - Citi Steven Fisher - UBS Noah Kaye - Oppenheimer Operator Greetings, and welcome to the Cummins Incorporated. Third Qua ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------|-------|-------|------------------------------------|-----------------------|-------|-------|-------------------|-------|-------|-------|-------------------------------------------------|-------|-------------------| | In millions \nEquity securities | | Cost | September \nGross gains/(losses) | 30, 2023 \nunrealized | | fair | Estimated value | | Cost | Gross | December 31, 2022 \nu ...

Cummins Inc. (NYSE:CMI) Q2 2023 Earnings Conference Call August 3, 2023 10:00 AM ET Company Participants Chris Clulow - Vice President of Investor Relations Jennifer Rumsey - Chairman and Chief Executive Officer Mark Smith - Vice President and Chief Financial Officer Conference Call Participants Jamie Cook - Credit Suisse Securities Jerry Revich - Goldman Sachs & Co. Inc. Tim Thein - CITI Investment Research David Raso - Evercore ISI Robert Wertheimer - Melius Research Tami Zakaria - JPMorgan Securities, In ...

2023 Earnings CONTENTS Q2 2023 Supplemental Information Disclosure Regarding Forward-Looking Statements Q2 2023 Summary • EBITDA of $1,304 million or 15.1 percent of sales ◦ EBITDA of $1,327 million or 15.4 percent of sales excluding $23 million of cost related to the separation of the Filtration business 4 5 Net Sales 3,425 2,988 2,595 1,457 85 (1,912) 8,638 1 2 | --- | --- | --- | --- | --- | --- | --- | |------------|--------|--------------|-----------------|----------|----------------------------|------ ...

During the second quarter of 2023, we finalized our accounting for the Meritor, Inc. acquisition. The primary components of the change were to increase contingent liabilities by $62 million offset by finalization of deferred taxes and tax reserves, with a net increase to goodwill of $26 million. There was no impact to the Condensed Consolidated Statements of Net Income for any of the changes. Operating segments under GAAP are defined as components of an enterprise about which separate financial information ...

Cummins Inc. (NYSE:CMI) Deutsch Bank 14th Annual Global Industrials & Materials Summit Conference Transcript June 7, 2023 2:00 PM ET Executives Tony Satterthwaite - Vice Chairman Chris Clulow - Head, Investor Relations Analysts Nicole DeBlase - Deutsche Bank Nicole DeBlase Okay. I think we are live again. So for those of you that don’t know me or haven’t been in all the sessions today, I am Nicole DeBlase. I cover multi-industry electrical equipment, as well as machinery at DB. Next up on the presentation s ...