Cummins Announces $500 Million Accelerated Share Repurchase

Cummins Inc. (NYSE: CMI) today announced that it has entered into an accelerated share repurchase (ASR) agreement with Goldman, Sachs & Co. LLC (GS&Co.) to repurchase $500 million of Cummins’ common stock. Today’s ASR is part of Cummins’ previously announced share repurchase plans authorized by the Board of Directors and is consistent with the company’s plans to return 75 percent of Operating Cash Flow to shareholders in 2018. 

Cummins Technical Center Celebrates 50 Years of Innovation

“We are building the most important diesel research center in the world,” longtime Cummins Chairman and CEO J. Irwin Miller said a half century ago. “…We mean business. We mean never again to have to respond to a competitor’s development. We mean to beat him on each move, and be out first with a product so clearly superior in economy, bulk, weight and long life that our excellence does not have to be argued.”

Jamestown Plant Leads the Way in Energy Efficiency

CUMMINS’ JAMESTOWN ENGINE PLANT IN JAMESTOWN, NEW YORK (U.S.A) IS FAST DEVELOPING A REPUTATION FOR ENERGY EFFICIENCY AND REDUCING GREENHOUSE GASES (GHGs).

The plant recently showcased its latest initiative, a $47 million block machining line that utilizes on-demand hydraulics, coolant and pneumatics to reduce energy consumption as it produces the company’s high efficiency diesel and natural gas heavy duty engines.

Apprentices Bring Historic U.K. Fire Truck Back to Life

CUMMINS GENERATOR TECHNOLOGIES (CGT) APPRENTICES IN THE UNITED KINGDOM HAVE BEEN WORKING ON A PROJECT THAT SOME ENGINEERS MIGHT ONLY DREAM ABOUT: RESTORING A 1930 MERRYWEATHER FIRE ENGINE.

For most of its life, the fire engine belonged to the town of Stamford in the U.K. and was based at the local fire station. After falling into disrepair, mechanics made several failed attempts to restore the historic piece.

Cummins LiveWell Center Off to Promising Start by Focusing on Healthy Lifestyles

CUMMINS RISK INSURANCE COORDINATOR CHRISTINA ECKERT HAS STRUGGLED WITH WEIGHT HER ENTIRE LIFE.

“When I lost a little, I’d catapult right back up the scale as soon as I stopped sacrificing,” she said. “In June 2016, I also had severe lower back pain and a torn heel. It hurt to walk, so I walked less. Then the Cummins LiveWell Center opened.”

Cummins Makes Progress on Reaching 2020 Environmental Goals

CUMMINS MADE PROGRESS ON THE COMPANY'S GOALS FOR REDUCING ITS ENVIRONMENTAL IMPACT IN 2016, ESPECIALLY FOR WATER AND ENERGY. THE COMPANY HAS ESTABLISHED NEW 2020 GOALS IN THOSE TWO AREAS. 

“The environmental teams around the globe worked hard on making progress on our established goals and setting two new aggressive ones,” said Mark Dhennin, Cummins’ Director of Energy Efficiency and Environment.

WATER

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