Last $145.77 USD
Change Today +2.34 / 1.63%
Volume 3.1M
CMI On Other Exchanges
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As of 11:37 AM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

cummins inc (CMI) Snapshot

Open
$144.60
Previous Close
$143.43
Day High
$146.13
Day Low
$144.26
52 Week High
06/9/14 - $161.03
52 Week Low
10/15/14 - $124.30
Market Cap
26.5B
Average Volume 10 Days
1.5M
EPS TTM
$8.68
Shares Outstanding
181.9M
EX-Date
02/13/15
P/E TM
16.8x
Dividend
$3.12
Dividend Yield
2.05%
Current Stock Chart for CUMMINS INC (CMI)

cummins inc (CMI) Details

Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products. It operates through four segments: Engine, Distribution, Components, and Power Generation. The Engine segment offers various diesel and natural gas powered engines under the Cummins and other customer brand names for the heavy-and medium-duty truck, bus, recreational vehicle, light-duty automotive, agricultural, construction, mining, marine, oil and gas, rail, and governmental equipment markets. This segment also provides new parts and service, as well as remanufactured parts and engines. The Distribution segment distributes and services parts and filtration products, power generation products, and engines, as well as offers service solutions, including maintenance contracts, engineering services, and integrated products. The Components segment offers emission solutions, including custom engineering systems and integrated controls, oxidation catalysts, particulate filters, oxides of nitrogen reduction systems, and engineered components; turbochargers for light-duty, mid-range, heavy-duty, and high-horsepower diesel markets; air filters, fuel filters, fuel water separators, lube filters, hydraulic filters, coolant, diesel exhaust fluid, fuel additives, and other filtration systems; and fuel systems primarily for heavy-duty on-highway diesel engine applications, as well as remanufactures fuel systems. The Power Generation segment designs and manufactures components that make up power generation systems, including controls, alternators, transfer switches, and switchgears, as well as provides power generation systems, components, and services. The company sells its products to original equipment manufacturers, distributors, and other customers worldwide. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.

54,600 Employees
Last Reported Date: 02/17/15
Founded in 1919

cummins inc (CMI) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $1.2M
President and Chief Operating Officer
Total Annual Compensation: $670.0K
Chief Financial Officer and Vice President
Total Annual Compensation: $675.0K
Vice President and President of Power Generat...
Total Annual Compensation: $550.0K
Chairman of India Area Business Organization ...
Total Annual Compensation: $525.0K
Compensation as of Fiscal Year 2013.

cummins inc (CMI) Key Developments

Cummins Inc. Presents at Evercore ISI Annual Industrial Conference, Mar-03-2015 01:10 PM

Cummins Inc. Presents at Evercore ISI Annual Industrial Conference, Mar-03-2015 01:10 PM. Venue: St. Regis Hotel, New York, New York, United States. Speakers: Mark A. Smith, Vice President of Investor Relations.

Cummins Inc. Declares Quarterly Dividend Payable on March 2, 2015

The Board of Directors of Cummins Inc. declared a quarterly common stock cash dividend of 78 cents per share, payable on March 2, 2015 to shareholders of record on February 18, 2015.

Cummins Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

Cummins Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net sales of USD 5,090 million compared to USD 4,588 million a year ago. Operating income was USD 581 million compared to USD 553 million a year ago. Income before income taxes was USD 612 million compared to USD 547 million a year ago. Net income was USD 467 million compared to USD 461 million a year ago. Net income attributable to the company was USD 444 million compared to USD 432 million a year ago. Diluted earnings per share were USD 2.44 compared to USD 2.32 a year ago. Earnings before interest and taxes (EBIT) were USD 629 million for the fourth quarter or 12.4% of sales. These results include USD 32 million of expense associated with cost reduction activities in the Power Generation business. Excluding this expense, EBIT was USD 661 million or 13.0% of sales. This compares to USD 566 million or 12.3% of sales a year ago. For the year, the company reported net sales of USD 19,221 million compared to USD 17,301 million a year ago. Operating income was USD 2,365 million compared to USD 2,101 million a year ago. Income before income taxes was USD 2,434 million compared to USD 2,119 million a year ago. Net income was USD 1,736 million compared to USD 1,588 million a year ago. Net income attributable to the company was USD 1,651 million compared to USD 1,483 million a year ago. Diluted earnings per share were USD 9.02 compared to USD 7.91 a year ago. Net cash provided by operating activities was USD 2,266 million compared to USD 2,089 million a year ago. Capital expenditures were USD 743 million compared to USD 676 million a year ago. EBIT for the year was USD 2.5 billion or 13.0% of sales. Excluding one-time items, EBIT was USD 2.53 billion or 13.2% compared to USD 2.16 billion or 12.5% of sales in 2013. The company expects full year 2015, revenues to grow between 2% and 4%, and EBIT to be in the range of 13.5% to 14.0%. The company currently projects the tax rate to be approximately 29.5% this year, excluding any discrete items compared to an operating tax rate of 28.4% in 2014. Capital expenditures are expected to be in the range of USD 750 million to USD 850 million. The company anticipates operating cash flow performance in 2015 will be within long-term guidance range of 10% to 15% of sales.

 

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CMI

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Valuation CMI Industry Range
Price/Earnings 15.8x
Price/Sales 1.3x
Price/Book 3.3x
Price/Cash Flow 15.7x
TEV/Sales 1.1x
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