Publish date: 02/09/2017
Fourth quarter revenues of $4.5 billion; GAAP1 Net Income of $378 million EBIT of 11.7 percent of sales; Diluted EPS of $2.25 Full year revenues of $17.5 billion; GAAP1 Net Income of $1.39 billion EBIT of 11.4 percent of sales; Diluted EPS of $8.23 Company expects full year 2017 revenues to be flat to down 5 percent, EBIT expected to be in the range of 11.0 to 11.5 percent COLUMBUS, Ind.--(BUSINESS WIRE)--Feb. 9, 2017-- Cummins Inc. (NYSE: CMI) today reported results for the fourth quarter of 2016.
Publish date: 01/12/2017
Cummins Does Not Supply Engines for the FCA Products in Question COLUMBUS, Ind.--(BUSINESS WIRE)--Jan. 12, 2017-- Cummins Inc. (NYSE: CMI) today stated that it does not supply engines for the FCA vehicles that are discussed in the Environmental Protection Agency’s Notice of Violation issued today, nor was Cummins named. Cummins does not use defeat devices and is committed to meeting emissions standards. Cummins has a long history of working transparently and collaboratively with regulators to develop and meet emissions requirements. About Cummins
Publish date: 01/11/2017
Local Heroes Can Win $1,000 Each Month and a Grand Prize of a Cummins Standby Generator MINNEAPOLIS, MN -- (Marketwired) -- 01/11/17 -- Cummins, a global leader in back-up power solutions and engine technology trusted by critical facilities and first responders -- hospitals, fire stations and police departments -- announces its 2017 Cummins "Nominate A Hero" campaign, giving local community heroes a chance to shine and be recognized.
Publish date: 01/04/2017
COLUMBUS, IN -- (Marketwired) -- 01/04/17 -- Cummins Inc. (NYSE: CMI) and Cummins Ltd. (collectively "Cummins") announced that they have reached agreement to resolve patent infringement claims against ADP Distributors Inc. and ADP Distributors USA, Inc., which do business as Rotomaster. The Consent Judgment reflecting these terms was entered by the United States District Court in Indianapolis, Indiana on August 16, 2016.
Publish date: 12/16/2016
COLUMBUS, Ind.--(BUSINESS WIRE)--Dec. 16, 2016-- The Board of Directors of Cummins Inc. (NYSE:CMI) authorized the Company to repurchase up to $1 billion in shares of common stock upon completion of its 2015 $1 billion share repurchase program. "The latest share repurchase program reinforces our commitment to delivering strong returns to shareholders and reflects our confidence in our performance over the long term," said Tom Linebarger, Cummins Chairman and Chief Executive Officer. "Cummins is demonstrating that we