Last $139.39 USD
Change Today -3.56 / -2.49%
Volume 2.1M
CMI On Other Exchanges
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As of 8:04 PM 07/31/14 All times are local (Market data is delayed by at least 15 minutes).

cummins inc (CMI) Snapshot

Open
$141.71
Previous Close
$142.95
Day High
$142.40
Day Low
$139.31
52 Week High
06/9/14 - $161.03
52 Week Low
08/7/13 - $120.71
Market Cap
25.6B
Average Volume 10 Days
1.7M
EPS TTM
$8.05
Shares Outstanding
183.9M
EX-Date
08/20/14
P/E TM
17.3x
Dividend
$3.12
Dividend Yield
1.79%
Current Stock Chart for CUMMINS INC (CMI)

cummins inc (CMI) Details

Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products. It operates in four segments: Engine, Components, Power Generation, and Distribution. The Engine segment offers a range of diesel and natural gas powered engines under the Cummins and other customer brand names for the heavy-and medium-duty truck, bus, recreational vehicle, light-duty automotive, agricultural, construction, mining, marine, oil and gas, rail, and governmental equipment markets. This segment also provides new parts and service, as well as remanufactured parts and engines. The Components segment supplies after treatment systems, turbochargers, filtration products, and fuel systems for commercial diesel applications. It offers filtration systems for on-and off-highway heavy-duty and mid-range equipment, as well as supplies filtration products for industrial and passenger car applications. This segment serves engine and distribution segments, truck manufacturers, and other original equipment manufacturers. The Power Generation segment designs and manufactures components that make up power generation systems, including engines, controls, alternators, transfer switches, and switchgear, as well as power generation systems, components, and services. The Distribution segment provides maintenance contracts, engineering services, and integrated products. The company sells its products to original equipment manufacturers, distributors, and other customers worldwide. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.

47,900 Employees
Last Reported Date: 02/18/14
Founded in 1919

cummins inc (CMI) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $1.2M
President and Chief Operating Officer
Total Annual Compensation: $670.0K
Chief Financial Officer and Vice President
Total Annual Compensation: $675.0K
Vice President and President of Power Generat...
Total Annual Compensation: $550.0K
President of Components Group, Managing Direc...
Total Annual Compensation: $525.0K
Compensation as of Fiscal Year 2013.

cummins inc (CMI) Key Developments

Cummins Inc. Announces Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended June 29, 2014 ; Revises Guidance for the Year 2014

Cummins Inc. announced unaudited consolidated earnings results for second quarter and six months ended June 29, 2014. For the quarter, the company reported net sales of $4,835 million, operating income of $612 million, income before income taxes of $642 million, net income attributable to company of $446 million or $2.43 per diluted share compared to the net sales of $4,525 million, operating income of $610 million, income before income taxes of $613 million, net income attributable to company of $414 million or $2.2 per diluted share for the same quarter a year ago. For the year to date, the company reported net sales of $9,241 million, operating income of $1,125 million, income before income taxes of $1,153 million, net income attributable to company of $784 million or $4.26 per diluted share, net cash provided by operating activities of $701 million, capital expenditures of $245 million compared to the net sales of $8,447 million, operating income of $1,024 million, income before income taxes of $1,044 million, net income attributable to company of $696 million or $3.69 per diluted share, net cash provided by operating activities of $960 million, capital expenditures of $275 million for the same period a year ago. Based on the current forecast, the company expected full year 2014 revenues to grow between 8% and 11%, up from its previous forecast of growth of between 6% and 10%, due largely to improving demand in North America. EBIT is expected to be in the range of 12.75% to 13.25% of sales.

Allison Transmission Holdings Inc. Announces a New Integrated Stop-Start Technology in Conjunction with Cummins Inc

Allison Transmission Holdings Inc. announced new integrated stop-start technology in conjunction with Project ETHOS, an ultra-low carbon powertrain program created by Cummins Inc. to demonstrate the potential of alternative fuels for carbon dioxide (CO2) reductions in medium-duty commercial vehicles. In partnership with the California Energy Commission, Cummins developed an engine that uses E85 (a high-octane blend of ethanol and gasoline) as a fuel to reduce greenhouse gas (GHG) emissions significantly. The Cummins ETHOS 2.8L engine is coupled with an Allison 2000 Series(TM) fully automatic transmission which utilizes integrated stop-start for further emissions reduction, as well as increased fuel economy. Integrated stop-start shuts the engine down when the operator presses the brake pedal and the vehicle comes to a complete stop. The transmission remains in drive during this time and locks the output to help prevent vehicle rollback by using an electric pump. As the driver's foot is lifted from the brake, the system automatically starts the engine to allow acceleration. Allison worked closely with Cummins to integrate the 2550 transmission model for smooth and efficient stop-start operation. The transmission is equipped with specific hydraulic circulation features to ensure smooth operation during stop-start driving. Additionally, all Allison Automatics provide Continuous Power Technology(TM) with seamless full-power shifts to put engine power to the drive wheels in the most efficient way. The result is faster acceleration and higher average road speed for quicker route times and greater productivity. Testing and validation were conducted using test cells and a prototype delivery step van provided by Freightliner Custom Chassis. Valvoline provided NextGen engine oils specifically designed for lower CO2 emissions.

Cummins Appoints Rich Freeland as New President and COO

Cummins announced the appointment of Rich Freeland as its new president and chief operating officer, to boost company's performance. In this new role, Freeland will report directly to Tom Linebarger, the chairman and CEO. Since 2010 he is functioning as engine business president for Cummins.

 

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CMI

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Valuation CMI Industry Range
Price/Earnings 16.8x
Price/Sales 1.4x
Price/Book 3.4x
Price/Cash Flow 16.7x
TEV/Sales 1.2x
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