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The Board of Directors of Cummins Inc. (NYSE: CMI) today declared a quarterly common stock cash dividend of 1.57 dollars per share, payable on June 1, 2023, to shareholders of record on May 19, 2023.
Cummins Inc. (NYSE: CMI) today reported results for the first quarter of 2023. First quarter revenues of $8.5 billion increased 32 percent from the same quarter in 2022. Sales in North America increased 39 percent and international revenues increased 24 percent due to the addition of Meritor and strong demand across all key global markets. “The company achieved record revenues, EBITDA
Cummins Inc. engineers, technicians and technologists are no strangers to setting records in the industry, especially when it comes to powering the success of customers. Since Clessie Cummins’ first two patents awarded in 1921, Cummins engineers have continued to foster invention and innovation year after year. In 2017, Cummins engineers and scientists set a record after receiving 287 patents f
Accelera™ by Cummins, a business segment of Cummins Inc. (NYSE: CMI), will supply a 90-megawatt (MW) proton exchange membrane (PEM) electrolyzer system for Varennes Carbon Recycling’s (VCR) plant in Quebec, Canada – a key step in advancing North America’s green hydrogen economy. For the full press release, please visit the Accelera by Cummins newsroom. Launched on March 8, 2023, Acceler
Today, Cummins Inc. (NYSE: CMI) announced that Mary Chandler, Vice President – Corporate Responsibility and Community Relations and CEO of the Cummins Foundation, is retiring later this spring and Jim Schacht, currently a member of the Corporate Responsibility Leadership Team, will succeed Mary and be promoted to Vice President of Cummins. “Cummins has a rich legacy of leadership an
Today, Cummins Inc. (NYSE: CMI) announced that Mary Chandler, Vice President – Corporate Responsibility and Community Relations and CEO of the Cummins Foundation, is retiring later this spring, after an impactful global Cummins career. During her tenure, Chandler led Cummins’ global workforce to give back, promoting skills-based volunteerism at the local level, and set the aim for the company’s gl
Cummins Inc. (NYSE: CMI) announced today that three leaders were named vice presidents, effective March 1 – Jane Beaman, Andreas Lippert and José Samperio.These appointments showcase the company’s robust succession plans and approach to leadership advancement for continued company development and success. “These three leaders have roles critical to advancing our strategy, ensuring we deli
Cummins Inc. (NYSE: CMI) today announced that its Filtration business, Atmus Filtration Technologies, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") for a proposed underwritten initial public offering (IPO) of newly issued common stock. Atmus Filtration Technologies intends to apply to have its common stock listed on the New Yor
A Cummins Inc.-led project to develop battery charging and hydrogen (H2) fueling stations along the Interstate 80 Midwest Corridor will accelerate with the Biden Administration’s announcement this week of the standards and funding for the National Network of Electric Vehicle Chargers. The Bipartisan Infrastructure Law, passed in 2021, invests $7.5 billion in electric vehicle (EV) charging
Cummins Inc. (NYSE: CMI) today reported fourth quarter and full year 2022 results. Revenues for the fourth quarter were $7.8 billion. Excluding Meritor, Inc., the acquisition of which was completed on August 3, 2022, revenues were $6.6 billion, 13 percent higher than the same quarter in 2021. Excluding Meritor, sales in North America increased 25 percent and international revenues decreased 1 p
Today, Cummins Inc. (NYSE: CMI) announced that after 39 years with the company, Amy Boerger, Vice President and General Manager – North America On-Highway, will retire at the end of March 2023. With the announcement of her retirement, José Samperio, will assume the role of Executive Director and General Manager, North America On-Highway. “Amy has focused much of her career on the North America
Today, Cummins Inc. (NYSE: CMI) announced that Jim Fier, Vice President and Chief Technical Officer, after an impactful 36-year career with the company, has decided to retire at the end of March 2023. The company also announced that Jonathan Wood, Vice President of New Power Engineering, will succeed Fier as Chief Technical Officer (CTO), effective April 1. “I am grateful for Jim’s leader