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CMI Stock - Cummins Inc.


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 Cummins Inc., founded in 1919 and headquartered in Columbus, Indiana, is a global leader in designing, manufacturing, distributing, and servicing diesel and natural gas engines, electric and hybrid powertrains, and related components. Operating through five segments Engine, Distribution, Components, Power Systems, and New Power the company serves a diverse array of industries including heavy and medium-duty trucks, buses, recreational vehicles, automotive, construction, mining, marine, rail, oil and gas, defense, and agriculture.

Under its Engine segment, Cummins offers diesel and natural gas-powered engines branded under Cummins and other customer brands. These engines cater to various applications such as trucks, buses, RVs, construction equipment, mining machinery, marine vessels, and more. The company provides both new parts and services, including remanufactured parts and engines, ensuring sustainable and cost-effective solutions for its customers.

Cummins' Power Systems segment focuses on power generation systems, high-horsepower engines, and custom-designed assemblies. It offers application engineering services, retail and wholesale aftermarket parts, and comprehensive repair services both in-shop and in the field. Additionally, the segment provides standby and prime power generators, controls, paralleling systems, transfer switches, and A/C generator/alternator products under the Stamford and AVK brands.

The Components segment of Cummins supplies emission solutions, turbochargers, air and fuel filters, fuel water separators, lube and hydraulic filters, coolants, fuel additives, and other filtration systems. It also manufactures electronic control modules, sensors, and supporting software, as well as new, replacement, and remanufactured fuel systems. This segment plays a crucial role in enhancing engine efficiency and meeting stringent environmental regulations worldwide.

Cummins is also advancing in the New Power segment, which focuses on electrified power systems. This includes components and subsystems such as batteries, fuel cells, and hydrogen production technologies. These innovations are aimed at reducing emissions and increasing the efficiency of powertrains across various applications.

As a renowned suplier to original equipment manufacturers, distributors, dealers, and other customers globally, Cummins Inc. continues to lead through innovation and sustainable practices. Its commitment to advancing technology and reducing environmental impact underscores its role as a pivotal player in the global transportation and power generation sectors.

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Stock Sector: Manufacturing: Diversified Machinery

 

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