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Cummins (CMI) Company Profile

Updated Dec 2, 2019
Cummins has the following business profile:
Company's Full Name:Cummins Inc.
Short Name:Cummins
Trading Ticker Symbol:CMI
Primary Exchange:NYSE
Headquarter City/Country:Columbus, Indiana
Primary Industry Sector:Energy
Seconday Sub-sector:Industrial Machinery and Components
Main Business Areas: Energy, Industrial Machinery and Components, Industrials, Diversified Industrials
Dividend Payments:Dividend History

Market and Trading Information for Cummins

The following details were available for trading and market data about the stock of Cummins as of writing:
Current Share Price:$181.26
Previous Year's Closing Price:$133.64
Percentage Price Change (YTD):35.63%
Market Cap:$27.77 billion
52-week Price Range:$124.4 - $186.73
Dividend Per Share:$4.73
EPS (TTM):16.07
Price-Earnings (Trailing):11.28
Price-Earnings (Forward):14.03

Company Profile and Business Description for Cummins

Cummins Inc., incorporated on February 3, 1919, designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products, including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems and electric power generation systems. The Company's segments include Engine, Distribution, Components and Power Systems. The Company sells its products to original equipment manufacturers (OEMs), distributors and other customers around the world. As of December 31, 2016, the Company served its customers through a network of approximately 600 distributor locations and over 7,400 dealer locations in over 190 countries and territories.

Engine Segment

The Company's Engine segment manufactures and markets a range of diesel and natural gas powered engines under the Cummins brand name, as well as certain customer brand names, for the heavy and medium-duty truck, bus, recreational vehicle (RV), light-duty automotive, construction, mining, marine, rail, oil and gas, defense and agricultural markets. The Company manufactures a range of engine products, including engines with a displacement range of 2.8 to 15 liters and horsepower ranging from 48 to 715, and various parts and service, as well as remanufactured parts and engines, through its distribution network. The Company manufactures diesel and natural gas engines that range from 310 to 605 horsepower serving global heavy-duty truck customers around, primarily in North America, Latin America and Australia. The Company manufactures diesel and natural gas engines ranging from 130 to 450 horsepower serving medium-duty truck and bus customers around the world, with markets, including North America, Latin America, China, Europe and India. Its applications include pickup and delivery trucks, vocational truck, school bus, transit bus and shuttle bus. The Company also provides diesel engines for Class A motor homes, primarily in North America.

The Company manufactures 105 to 385 horsepower diesel engines, including engines for the pickup truck market in North America, and light commercial vehicle (LCV) markets in Europe, Latin America and Asia. The Company manufactures diesel engines that range from 48 to 715 horsepower to global markets, including mining, marine, rail, oil and gas, defense, agriculture and construction equipment and also to the power generation business for standby, mobile and distributed power generation solutions throughout the world. The Company sells its industrial engines to manufacturers of construction, agricultural and marine equipment.

Distribution Segment

As of December 31, 2016, the Company's Distribution segment included 36 owned and six joint venture distributors that serviced and distributed a range of products and services to end users at approximately 450 locations in over 80 distribution territories. The Distribution segment consists of the product lines, which service and/or distribute a range of products and services, including parts, engines, power generation and service. The Distribution segment is organized into geographic regions, including North and Central America; Asia Pacific; Europe, Commonwealth of Independent States (CIS) and China; Africa; Middle East; India, and South America. As of December 31, 2016, Asia Pacific consisted of six regional distributor organizations: South Pacific, Korea, Japan, Philippines, Malaysia and Singapore. The Company's distribution network consists of distributors, which provide parts and service to its customers. These full-service solutions include maintenance contracts, engineering services and integrated products. The Company's distributors also serve and develop dealers, predominantly OEM dealers, in their territories by providing new products, technical support, tools, training, parts and product information. The Distribution segment manages the performance and capabilities of the Company's independent distributors.

Components Segment

The Company's Components segment supplies products, including aftertreatment systems, turbochargers, filtration products and fuel systems for commercial diesel applications. The Company manufactures filtration systems for on and off-highway heavy-duty and mid-range equipment. The Company is a supplier of filtration products for industrial car applications. The Components segment consists of businesses, including Emission solutions, Turbo technologies, Filtration and Fuel systems.

The Company's emission solutions business is engaged in designing, manufacturing and integrating aftertreatment technology and solutions for the commercial on and off-highway light, medium, heavy-duty and high-horsepower engine markets. Aftertreatment is the mechanism used to convert engine emissions of criteria pollutants, such as particulate matter (PM), nitrogen oxides (NOx), carbon monoxide (CO) and unburned hydrocarbons (HC) into harmless emissions. The Company's products include custom engineering systems and integrated controls, oxidation catalysts, particulate filters, selective catalytic reduction systems and engineered components, including dosers and sensors. The Company's emission solutions business primarily serves markets in North America, Europe, China, Brazil, Russia, Australia and India. The Company serves both OEM first fit and retrofit customers. The turbo technologies business designs, manufactures and markets turbochargers for light-duty, mid-range, heavy-duty and high-horsepower diesel markets. The Company's turbo technologies business provides air handling technologies for engines, including variable geometry turbochargers. Its turbo technologies business primarily serves markets in North America, Europe, Asia and Brazil.

The Company's filtration business designs, manufactures and sells filters, coolant and chemical products. As of December 31, 2016, the Company's filtration business offered over 8,300 products for first fit and aftermarket applications, including air filters, fuel filters, fuel water separators, lube filters, hydraulic filters, coolants, fuel additives and other filtration systems to OEMs, dealers/distributors and end users. Its filtration business supports customer base in a diverse range of markets, including on-highway, off-highway segments, such as oil and gas, agriculture, mining, construction, power generation, marine and industrial markets. As of December 31, 2016, the Company produced and sold Fleetguard branded products in over 160 countries, including countries in North America, Europe, South America, Asia, Australia and Africa. Its fuel systems business designs and manufactures new and replacement fuel systems primarily for heavy-duty on-highway diesel engine applications and also remanufactures fuel systems.

Power Systems Segment

The Company's Power Systems segment consists of businesses, including Power generation, Industrial and Generator technologies. The Company designs, manufactures, sells and supports back-up and prime power generators ranging from 2 kilowatts to 3.5 megawatts, as well as controls, paralleling systems and transfer switches, for applications such as consumer, commercial, industrial, data centers, healthcare, telecommunications and waste water treatment plants. The Company also provides turnkey solutions for distributed generation and energy management applications using natural gas or biogas as a fuel. The Company also serves global rental accounts for diesel and gas generator sets. It designs, manufactures, sells and supports diesel and natural gas high-horsepower engines for a range of equipment in the mining, rail, defense, oil and gas and commercial marine applications throughout the world. It has customers in North America, Europe, the Middle East, Africa, China, Korea, Japan, Latin America, India, Russia, Southeast Asia, South Pacific and Mexico. It designs, manufactures, sells and supports alternating current (A/C) generator/alternator products for internal consumption and for external generator set assemblers. Its products are sold under the Stamford, AVK and Markon brands.

The Company competes with Daimler, Caterpillar Inc., Ford Motor Company, Hino Power, Weichai Power Co. Ltd., MAN Nutzfahrzeuge AG, Fiat Power Systems, Guangxi Yuchai Group, GE Jenbacher, Tognum AG, Volvo AB, Yanmar Co., Ltd., Deutz AG, Robert Bosch GmbH, Donaldson Company, Inc., Clarcor Inc., Mann+Hummel Group, Honeywell International, Borg-Warner, Tenneco Inc., Eberspacher Holding GmbH & Co. KG, Denso Corporation, MTU Friedrichshafen GmbH, Kohler Group, Generac, Mitsubishi, Marathon Electric and Meccalte.

500 Jackson St

Peer / Competitor Companies of Industrial Machinery and Components Sector

Along with Cummins Inc., the following other peer (competitor) companies also exist within the same Industrial Machinery and Components - Energy sector whose company profile and dividend history is as follows:

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▶ ABAXIS (ABAX): Abaxis, Inc., incorporated on January 12, 1989, is a developer, manufacturer and marketer of portable blood analysis systems that are used in medical specialties in human or veterinary patient care ....See Detailed Company Profile  and Dividend History.

▶ Acme United (ACU): Acme United Corporation, incorporated on September 29, 1882, is a supplier of cutting, measuring, first aid and sharpening products to the school, home, office, hardware, sporting goods and industrial markets. ....See Detailed Company Profile  and Dividend History.

▶ Actuant (ATU): Actuant Corporation, incorporated on October 26, 1910, designs, manufactures and distributes a range of industrial products and systems to various end markets. The Company operates through three segments: Industrial, Energy ....See Detailed Company Profile  and Dividend History.

▶ Advanced Energy Industries (AEIS): Advanced Energy Industries, Inc., incorporated on September 1, 1995, is a provider of engineered, precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and ....See Detailed Company Profile  and Dividend History.

▶ AGCO (AGCO): AGCO Corporation, incorporated on April 22, 1991, is a manufacturer and distributor of agricultural equipment and related replacement parts throughout the world. The Company sells a range of agricultural equipment, ....See Detailed Company Profile  and Dividend History.

▶ Alamo (ALG): Alamo Group Inc., incorporated on October 22, 1987, is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The Company operates ....See Detailed Company Profile  and Dividend History.

▶ Altra Industrial Motion (AIMC): Altra Industrial Motion Corp., incorporated on October 20, 2004, is a global designer, producer and marketer of a range of mechanical power transmission (MPT) components. The Company operates through three ....See Detailed Company Profile  and Dividend History.

▶ American Electric (AETI): American Electric Technologies, Inc. supplies power delivery solutions in the United States and internationally. It provides power distribution, power conversion, and automation and control systems th....See Detailed Company Profile  and Dividend History.

▶ Amtech (ASYS): Amtech Systems, Inc., incorporated on October 22, 1981, is engaged in the manufacture of capital equipment, including thermal processing, silicon wafer handling automation and related consumables used in fabricating solar ....See Detailed Company Profile  and Dividend History.

▶ Arotech (ARTX): Arotech Corporation, incorporated on December 20, 1990, is a defense and security products and services company, engaged in providing interactive simulation for military, law enforcement and commercial markets, and batteries ....See Detailed Company Profile  and Dividend History.

▶ Art's-Way Manufacturing (ARTW): Art's-Way Manufacturing Co., Inc. manufactures and sells agricultural equipment, specialized modular science buildings, and steel cutting tools worldwide. The company operates through three segments: ....See Detailed Company Profile  and Dividend History.

▶ ASML Holding (ASML): ASML Holding N.V., incorporated on October 3, 1994, is a holding company. The Company is a manufacturer of chip-making equipment. The Company is engaged in the development, production, marketing, selling ....See Detailed Company Profile  and Dividend History.

▶ Atkore International (ATKR): Atkore International Group Inc., incorporated on November 04, 2010, is a manufacturer of electrical raceway products. The Companys products are primarily offered for non-residential construction and renovation markets, and mechanical ....See Detailed Company Profile  and Dividend History.

▶ Axcelis (ACLS): Axcelis Technologies, Inc., incorporated on December 21, 1995, designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company also provides aftermarket ....See Detailed Company Profile  and Dividend History.

▶ Badger Meter (BMI): Badger Meter, Inc., incorporated on March 9, 1905, is a manufacturer and marketer of products incorporating flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial ....See Detailed Company Profile  and Dividend History.

▶ Ballantyne Strong (BTN): Ballantyne Strong, Inc., incorporated on May 30, 1995, is a holding company. The Companys business activities focus on serving the cinema, retail, financial and government markets. The Company and its ....See Detailed Company Profile  and Dividend History.

▶ Ballard Power (BLDP): Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products worldwide. The company provides motive power products....See Detailed Company Profile  and Dividend History.

▶ Bonso Electronics International (BNSO): Bonso Electronics International Inc., incorporated on August 8, 1988, designs, develops, produces and sells electronic sensor-based and wireless products for private label original equipment manufacturers (OEMs), original brand manufacturers (OBMs) ....See Detailed Company Profile  and Dividend History.

▶ Briggs and Stratton (BGG): Briggs & Stratton Corporation (Briggs & Stratton), incorporated on September 2, 1992, is a producer of gasoline engines for outdoor power equipment. The Company designs, manufactures, markets, sells and services ....See Detailed Company Profile  and Dividend History.

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