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Cummins Inc (CMI.N)

CMI.N on New York Stock Exchange

162.35USD
18 Sep 2019
Change (% chg)

$-0.67 (-0.41%)
Prev Close
$163.02
Open
$162.19
Day's High
$162.81
Day's Low
$160.11
Volume
305,378
Avg. Vol
364,301
52-wk High
$175.87
52-wk Low
$124.40

Latest Key Developments (Source: Significant Developments)

Loop Energy Announces Investment By Cummins
Wednesday, 18 Sep 2019 

Sept 18 (Reuters) - :LOOP ENERGY ANNOUNCES INVESTMENT BY CUMMINS.LOOP ENERGY - HAS RECEIVED A CASH INVESTMENT FROM CUMMINS INC.LOOP ENERGY - WILL ALSO SUPPLY CUMMINS WITH RANGE EXTENDER SYSTEMS FOR INCORPORATION INTO DEMONSTRATION TRUCKS.  Full Article

Cummins Inc Says On Aug 21, Co Entered Into An Amended And Restated 364-Day Credit Agreement
Thursday, 22 Aug 2019 

Aug 21 (Reuters) - Cummins Inc ::CUMMINS INC SAYS ON AUG 21, CO ENTERED INTO AN AMENDED AND RESTATED 364-DAY CREDIT AGREEMENT - SEC FILING.CUMMINS INC - BORROWERS MAY OBTAIN REVOLVING, SWINGLINE LOANS, IN AMOUNT UP TO $1.5 BILLION IN AGGREGATE OUTSTANDING AT ANY TIME PRIOR TO AUG 19, 2020.CUMMINS INC - 364-DAY CREDIT AGREEMENT AMENDS AND RESTATES IN ITS ENTIRETY THAT CERTAIN 364-DAY CREDIT AGREEMENT, DATED AS OF AUGUST 22, 2018.CUMMINS INC - BORROWINGS UNDER 364-DAY CREDIT AGREEMENT WILL NOT BE SECURED WITH LIENS ON ANY OF COMPANY'S OR ITS SUBSIDIARIES' ASSETS.CUMMINS INC - CO WILL GUARANTEE ALL BORROWINGS BY SUBSIDIARY BORROWERS UNDER 364-DAY CREDIT AGREEMENT.  Full Article

Cummins Q2 Earnings Per Share $4.27
Tuesday, 30 Jul 2019 

July 30 (Reuters) - Cummins Inc ::CUMMINS ANNOUNCES SECOND QUARTER RESULTS.Q2 EARNINGS PER SHARE $4.27.Q2 REVENUE $6.2 BILLION VERSUS REFINITIV IBES ESTIMATE OF $6.36 BILLION.Q2 EARNINGS PER SHARE ESTIMATE $4.41 -- REFINITIV IBES DATA.EXPECTS FULL YEAR 2019 REVENUES TO BE FLAT, AT LOW END OF OUR PREVIOUS GUIDANCE.COMPANY IS MAINTAINING ITS FULL YEAR 2019 EBITDA GUIDANCE OF 16.25 TO 16.75 PERCENT.FY2019 REVENUE VIEW $24.41 BILLION -- REFINITIV IBES DATA.  Full Article

Cummins Increases Quarterly Dividend By 15 Percent
Wednesday, 10 Jul 2019 

July 9 (Reuters) - Cummins Inc : :INCREASES QUARTERLY COMMON STOCK DIVIDEND.INCREASES QUARTERLY DIVIDEND BY 15 PERCENT.SETS QUARTERLY CASH DIVIDEND OF $1.311 PER SHARE.  Full Article

Cummins Westport Says Gordon Exel Of Westport Fuel Systems Appointed As President Of Co Effective July 8, 2019
Wednesday, 19 Jun 2019 

June 18 (Reuters) - Cummins Inc ::CUMMINS WESTPORT - GORDON EXEL OF WESTPORT FUEL SYSTEMS HAS BEEN APPOINTED AS PRESIDENT OF CO EFFECTIVE JULY 8, 2019 .CUMMINS WESTPORT - GORDON PREVIOUSLY HELD POSITION OF PRESIDENT OF CO IN 2014 .CUMMINS WESTPORT INC - BART VAN AERLE, CURRENT PRESIDENT, WILL BE RETURNING TO SENIOR LEADERSHIP POSITION AT WESTPORT FUEL SYSTEMS.  Full Article

Cummins Sets Quarterly Cash Dividend Of $1.14 Per Share
Wednesday, 15 May 2019 

May 14 (Reuters) - Cummins Inc ::SETS QUARTERLY CASH DIVIDEND OF $1.14PER SHARE.  Full Article

Cummins Inc Files For Potential Mixed Shelf Offering; Size Not Disclosed
Thursday, 14 Feb 2019 

Feb 13 (Reuters) - Cummins Inc ::CUMMINS INC FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

Cummins says Mark Smith to replace Pat Ward As CFO
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - Cummins Inc ::PAT WARD TO RETIRE AS CHIEF FINANCIAL OFFICER AFTER MORE THAN 30 YEARS WITH CUMMINS; MARK SMITH NAMED SUCCESSOR.SMITH'S APPOINTMENT IS EFFECTIVE MARCH 31, 2019..  Full Article

Cummins Says Engine Repair Campaigns In Q3 To Be Completed In Phases Across Affected Populations
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Cummins Inc ::CUMMINS - ENGINE REPAIR CAMPAIGNS IN Q3 TO BE COMPLETED IN PHASES ACROSS AFFECTED POPULATIONS WITH PROJECTION TO BE MOSTLY COMPLETE BY DEC 31, 2020.CUMMINS SAYS TOTAL REMAINING ACCRUAL RELATED TO ENGINE REPAIR CAMPAIGNS AT SEPT 30 WAS $396 MILLION - SEC FILING.  Full Article

Cummins Says Co Expects Gross Tariff Impact Of $250 Mln For FY 2019
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Cummins Inc ::CUMMINS SAYS THERE IS UNCERTAINTY ABOUT DEMAND FOR MEDIUM AND HEAVY-DUTY TRUCKS IN CHINA OVER THE NEXT 9 TO 12 MONTHS - CONF CALL.CUMMINS SAYS IN INDIA, CO EXPECTS TOTAL REVENUES, INCLUDING JOINT VENTURES, TO BE UP 20 PERCENT YEAR-OVER-YEAR, VERSUS PREVIOUS FORECAST OF 18 PERCENT ON HIGHER OUTLOOK FOR TRUCK DEMAND.CUMMINS SAYS CO EXPECTS TARIFF-RELATED COSTS OF $80 MILLION IN 2018, DOWN FROM PREVIOUS ESTIMATE OF $100 MILLION - CONF CALL.CUMMINS SAYS TARIFF-RELATED COSTS IN 2019 ARE EXPECTED TO BE $50 MILLION MORE THAN PRIOR PROJECTIONS DUE TO FINALIZATION OF SECTION 301 LIST 3 - CONF CALL.CUMMINS SAYS CO EXPECTS TO OFFSET MAJORITY OF TARIFF COST THROUGH A COMBINATION OF PRICING AND SUPPLY CHAIN ADJUSTMENTS - CONF CALL.CUMMINS SAYS CO EXPECTS FULL YEAR ENGINE SEGMENT REVENUES TO BE UP 17.5 PERCENT TO 18.5 PERCENT VERSUS. PRIOR GUIDANCE OF 17 PERCENT TO 19 PERCENT - CONF CALL.CUMMINS ON TARIFFS - WE GOT HIT WITH ABOUT $30 MILLION IN Q3, AND WE'LL GET ANOTHER $50 MILLION IN Q4 IN TARIFFS - CONF CALL.CUMMINS SAYS CO EXPECTS GROSS TARIFF IMPACT OF $250 MILLION FOR FULL YEAR 2019 - CONF CALL.CUMMINS ON 2019 TARIFF IMPACT - $150 MILLION OF THAT IS DIRECT TARIFFS AND $100 MILLION IN METAL MARKET INCREASES.  Full Article