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 ...

Cummins (CMI) came out with quarterly earnings of $4.14 per share, missing the Zacks Consensus Estimate of $4.41 per share. This compares to earnings of $4.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.12%. A quarter ago, it was expected that this engine maker would post earnings of $4.63 per share when it actually produced earnings of $4.73, delivering a surprise of 2.16%.Over the last four quarters, the company has s ...

Engine Segment Selected Financial Data 23 24 25 26 1 "NM" - not meaningful information | --- | --- | --- | |-----------------|-------|-------| | $ MILLIONS | 2023 | 2022 | | Components | 97 | 71 | | Engine1 | 251 | 191 | | Distribution | 97 | 77 | | Power Systems | 53 | 43 | | Accelera | (15) | (2) | | Total JV Income | 483 | 380 | Joint Venture Income - Quarter Cash Flow - Quarter 30 32 • Disciplined investment for growth 2023 Revenue by Segment Cummins Inc. • Capitalizing on global emissions regulations 2 ...

Cummins Inc. (CMI) is slated to release fourth-quarter 2023 results on Feb 6 before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share and revenues is pegged at $4.41 and $8.08 billion, respectively.For the fourth quarter, the consensus estimate for CMI’s earnings per share has moved down by a penny in the past 30 days. Its bottom-line estimates imply a decline of 2.43% from the year-ago reported number.The Zacks Consensus Estimate for its quarterly revenues sugges ...

In the latest trading session, Cummins (CMI) closed at $242.97, marking a +1.53% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 1.25% for the day. Meanwhile, the Dow experienced a rise of 0.97%, and the technology-dominated Nasdaq saw an increase of 1.3%.Shares of the engine maker witnessed a gain of 0.66% over the previous month, beating the performance of the Auto-Tires-Trucks sector with its loss of 11.14% and underperforming the S&P 500's gain of 1.58%.The investm ...