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Publish date: 09/05/2018
COLUMBUS, Ind.--(BUSINESS WIRE)--Sep. 4, 2018-- Cummins Inc. (NYSE: CMI) announced today that the company is offering its Data-Enabled Mining Solution (DEMS) plus Fleetguard Filtration Intelligence Technology (FleetguardFIT™) free-of-charge for 12 months on all new QSK50, QSK60 and QSK78 Tier 4 solutions operating in the US and Canada. Through this program, Cummins will deliver its most advanced and connected diesel engines to the mining industry. DEMS has proven to be a significant benefit to customers. For one mining
Publish date: 09/01/2018
CHARLESTON, S.C.--(BUSINESS WIRE)--Aug. 31, 2018-- Cummins Inc. (NYSE: CMI) announced today the new International Maritime Organization (IMO) Tier III certified QSK60 engine package with cleaner emissions and improved warranty is available for a wide range of marine applications, from commercial workboats to luxury yachts. The QSK60, with modular common rail fuel system (MCRS) was introduced to the marine market in 2008 with instant success. The QSK60’s industry leading reliability and proven engine architecture has not changed,
Publish date: 09/01/2018
CHARLESTON, S.C.--(BUSINESS WIRE)--Aug. 31, 2018-- Cummins Inc. (NYSE: CMI) is thrilled to introduce a fuel and cost efficient version of its X15 engine for commercial marine market segments including inland waterways, commercial fishing and passenger transport. Cummins X15 for marine segments is designed to withstand high hour, continuous duty operation with long life in mind. The engine will offer variable speed and fixed speed ratings between 450 horsepower (336 kW) and 600 horsepower (447 kW), while meeting U.S. Environmental Protection
Publish date: 08/08/2018
COLUMBUS, Ind.--(BUSINESS WIRE)--Aug. 8, 2018-- Cummins Inc. (NYSE:CMI) today announced that it has entered into an accelerated share repurchase (ASR) agreement with Goldman, Sachs & Co. LLC (GS&Co.) to repurchase $500 million of Cummins’ common stock. Today’s ASR is part of Cummins’ previously announced share repurchase plans authorized by the Board of Directors and is consistent with the company’s plans to return 75 percent of Operating Cash Flow to shareholders in 2018. Under the terms of the ASR agreement, Cummins will repurchase $500
Publish date: 07/31/2018
Second quarter revenues of $6.1 billion GAAP1 Net Income of $545 million and Diluted EPS of $3.32 EBITDA of $0.9 billion or 14.6 percent of sales Full year revenues expected to increase 15 to 17 percent EBITDA is expected to be in the range of 14.8 to 15.2 percent of sales The Company finalized its plans for a previously disclosed product campaign, resulting in a charge of $181 million or $0.85 per diluted share in the second quarter COLUMBUS, Ind.--(BUSINESS WIRE)--Jul. 31, 2018--