Cummins sees big jump in earnings, revenue in third quarter
Indiana-based Cummins Inc. on Tuesday beat expectations with its third-quarter earnings while narrowly missing revenue predictions.
Cummins Inc.
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Electric trucks facing long road to unseat diesel engines
Companies like Tesla Inc. predict battery-powered trucks will soon be ready for the long-haul market. But Indiana-based engine maker Cummins Inc. thinks electric vehicles are more suitable for shorter ranges.
These are boom times for Cummins, but will they last?
A BMO Capital Markets analyst forecasts the engine manufacturer iwill see 16.9 percent revenue growth this year and 5.8 percent growth in 2019 before seeing a 2.9 percent decline in 2020.
Cummins rakes in record revenue, exceeds Wall Street expectations
The Columbus-based engine manufacturer posted revenue of $6.13 billion in the second quarter, up 21 percent from the same period of 2017.
UPDATE: Cummins loses out on GE’s industrial-engine business
General Electric Co. has agreed to sell its industrial gas engine business to a private equity for $3.25 billion, passing over interest in the acquisition from Columbus-based Cummins Inc.
Cummins a finalist to make $3.5B acquisition from General Electric
GE is moving closer to a sale of its industrial gas-engine business for more than $3.5 billion after narrowing the list of bidders to a short list that includes Cummins, sources say.
Hybrid pioneer Allison sees long road toward electric big rigs
Allison Transmission Holdings’ incoming CEO sees development of fully electric heavy trucks as a longer-term project.
Cummins’ shares tumble despite better-than-expected quarter
The Indiana-based engine manufacturer reported a 21 percent jump in revenue, to $5.57 billion.
Cummins considering $3B deal for GE engine business, sources say
A sale of Jenbacher, which makes engines that generate power and heat for industrial facilities, is poised to be GE’s biggest to date in CEO John Flannery’s plan to reshape the company.
Cummins to invest more than $10M on female empowerment initiative
The program, which Cummins is describing as its “most ambitious community initiative ever,” is called Cummins Powers Women.
Robust international sales give Cummins big boost
The company said demand for medium- and heavy-duty trucks in China increased 40 percent in 2017, in part because government enforcement of vehicle-overloading regulations accelerated truck replacements.
Cummins reports strong quarterly sales growth
The Columbus-based engine maker saw fourth-quarter sales jump 22 percent, but it ended up posting a loss because of charges related to tax reform.
China is giving Cummins a big boost, but will it last?
The company's revenue from China, including joint ventures, rose 46 percent in the latest quarter.
Cummins sees big surge in quarterly sales, earnings
The Indiana-based manufacturer outpaced Wall Street expectations with a 26 percent increase in revenue and 57 percent rise in profit in the third quarter.
Cummins to acquire Oregon-based battery-pack developer
Cummins said the acquisition is an “important milestone” as it works to introduce its first all-electric engines.
Novel Cummins power deal will fund wind farm expansion
A virtual-power purchase agreement is a new type of energy contract that allows a large customer to support green-energy projects and hedge electricity prices
Auto-industry stalwarts Cummins and Allison rev up for era of electrification
Industry players find themselves in a precarious spot. If they don’t embrace the electric-vehicle future, they look backward. But if they dive in with excessive exuberance, they risk wasting hundreds of millions of dollars.
Cummins misses expectations with earnings despite big jump in revenue
Cummins Inc. missed Wall Street expectations with its bottom line, but raised its outlook for the full-year.
Cummins to announce $80M in Columbus projects with state, local officials
One of the projects will be located at the global headquarters of the Fortune 500 engine maker, and the other will involve construction of a new railroad overpass in the city.
2017 Indiana 100: Cummins aims to transform trucking through tech
Q&A with Sherry Aaholm, Cummins Inc.: “My mother, early on, taught me the value of hard work, the value of recognizing diversity, the value of recognizing engagement and the fact that you’re just as powerful to do what you want to do.”