Cummins Inc (N:CMI)
Business Focus: Engine & Powertrain Systems
| Sector: Consumer Cyclicals | Industry: Auto, Truck & Motorcycle Parts |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 500 JACKSON ST, BOX 3005 MAIL CODE 93050 COLUMBUS IN 47202-3005 |
| Tel: | 1-812-3773121 |
| Website: | https://www.cummins.com |
| IR: | See website |
| Key People | ||
| Jennifer W. Rumsey Chairman of the Board, President, Chief Executive Officer | Donald Gray Jackson Vice President, Treasury and Tax | Mark Andrew Smith Chief Financial Officer, Vice President |
| Marvin O. Boakye Vice President - Chief Human Resource Officer | Srikanth Padmanabhan Executive Vice President, President, Operations | Livingston Lord Satterthwaite Senior Vice President |
| Walter J. Fier Vice President, Chief Technical Officer | Sharon R. Barner Vice President, Chief Administrative Officer, Corporate Secretary | Ricardo Roman Vice President, Components Finance | Luther Peters Vice President, Controller |
| Business Overview |
| Cummins Inc. offers complementary business segments that design, manufacture, distribute and service a portfolio of power solutions. Its segments include Components, Engine, Distribution, Power Systems and Accelera. The Components segment sells axles, drivelines, brakes and suspension systems. The Engine segment produces engines and associated parts for sale to customers in on-highway and various off-highway markets. The Distribution segment includes distributorships engaged in wholesaling engines, generator sets, service parts, performing service and repair activities. The Power Systems segment is an integrated power provider, which designs, manufactures and sells engines for industrial applications, standby and prime power generator sets, alternators and others. The Accelera segment designs, manufactures, sells and supports hydrogen production technologies as well as electrified power systems. It sells products to OEMs, distributors, dealers and other customers worldwide. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Cummins Inc revenues increased 21% to $34.07B. Net income decreased 66% to $735M. Revenues reflect Components segment increase of 30% to $10.19B, Distribution segment increase of 15% to $10.2B, United States segment increase of 24% to $19.3B, Other foreign countries segment increase of 14% to $9.97B. Net income was offset by Selling, general and administrative expe increase of 24% to $3.33B (expense). |
| Employees: | 75,500 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $43,935M as of Dec 31, 2023 |
| Annual revenue (TTM): | $34,065M as of Dec 31, 2023 |
| EBITDA (TTM): | $4,447M as of Dec 31, 2023 |
| Net annual income (TTM): | $735.00M as of Dec 31, 2023 |
| Free cash flow (TTM): | $1,832M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $3,955M as of Dec 31, 2023 |
| Shares outstanding: | 136,758,679 as of Mar 21, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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