About Cummins Inc.

Cummins makes diesel and natural gas powered engines for the heavy and mid-duty truck, RV, automotive, and industrial markets, along with marine, rail, mining, and construction. In addition to its flagship Engine segment, other business segments include Components (filtration products and fuel systems), Power Systems (vehicle and residential generators), and Distribution (product distributors and servicing). Major customers include OEMs Chrysler, Daimler, Ford, Komatsu, PACCAR, Navistar, and Volvo. The company traces its historical roots back to 1919, when it was founded by Clessie Cummins.

Operations

The company's 49 to 5,500 horsepower engines are made under the Cummins brand name. The Components segment manufactures products that are complementary to commercial diesel applications; more than 8,300 filtration products are offered, some branded as Fleetguard. Other products within this segment include turbo technologies for air handling in engines and exhaust after-treatment technology, as well as new, used, and remanufactured fuel systems.

Power Systems' standby power products (alternators, transfer switches, and controls) serve commercial and consumer needs, as well as those of the military. Brands include Onan (generator sets) and Stamford (alternators).

Cummins' Distribution segment comprises a network of more than 600 company owned and independent distributors that serve 190 countries worldwide.

Geographic Reach

Cummins has main domestic operating facilities in Columbus, Indiana; Nashville, Tennessee; and Washington, DC. Key international locations reside in Beijing; Shanghai; Pune, India; and Staines and Stanton, UK. The US generates about 55% of its total sales.

Sales and Marketing

Cummins serves customers through a network of 600 wholly owned and independent distributor locations and more than 7,400 dealer locations spanning more than 190 countries and territories. Major customer PACCAR accounts for almost 15% of the company's net sales.

Financial Performance

Cummins' revenues have declined the last two years, dipping 8% from $19.1 billion in 2015 to $17.5 billion in 2016.

Engine segment sales declined 10% due to lower demand within the North American heavy-duty and medium-duty on-highway markets and lower demand in most North American off-highway markets, partially offset by a spike in sales in the light-duty automotive market.

Power Systems segment sales also decreased 14% primarily due to lower demand across all product lines and decreased sales in most regions, including North America, Asia, China, Latin America, the Middle East, Africa, and Western Europe.

Cummins' profits remained static from 2015 to 2016, hovering around the $1.5 billion mark for both years. This was attributed to lower sales volumes and unfavorable foreign currency fluctuations (primarily from the Brazilian real, South African rand, and Canadian dollar).

Strategy

The company's fortunes are shaped in large part by the cyclical booms and busts of the on-highway, construction, and industrial markets. Its customers are particularly sensitive to the general economic climate, interest rates, and access to credit, as well as regulatory issues (environmental and emissions standards) and political shifts.

In an effort to mitigate a slump in demand in any one market or region, Cummins is continuing to transform itself from a company concentrated in North America to one whose business is seizing up opportunities in developing countries. Following the US, China, Brazil, Russia, and India are Cummins' largest markets.

To increase its market penetration, the company also relies on joint ventures that allow it to reduce capital spending, streamline its supply chain management, and boost its technology development. Some of the partnering companies include Dongfeng Automotive and Beijing Foton Motor in China, Tata Motors in India, and Japan's Komatsu.

On the technological front, Cummins in mid-2017 announced its entrance into the burgeoning electrical vehicle market. It unveiled a Class 7 heavy-duty truck cab that features an advanced 140 kWh battery pack that it will sell to bus operators and commercial truck fleets starting in 2019. Cummins is not building the trucks, however, but will instead supply the fully integrated battery electronics system and will buy the cells from an unnamed provider. The move signals that Cummins intends to remain a key player in the commercial truck sector, even if that business shifts away from its core diesel engine business. It aims to be well-positioned against competition from new players like Tesla, Proterra, and Nikola Motor Company.

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Cummins Inc.

500 Jackson St
Columbus, IN 47201-6258
Phone: 1 (812) 377-5000

Stats

  • Employer Type: Public
  • Stock Symbol: CMI
  • Stock Exchange: NYSE
  • Chairman and CEO: N. Thomas Linebarger
  • Chairman and CEO: N. Thomas Linebarger
  • VP and CFO: Patrick J. Ward
  • 2017 Employees: 58,600

Major Office Locations

  • Columbus, IN

Other Locations

  • Anchorage, AK
  • Fairbanks, AK
  • Birmingham, AL
  • Mobile, AL
  • Springdale, AR
  • Avondale, AZ
  • Tucson, AZ
  • Arcata, CA
  • Bakersfield, CA
  • Bloomington, CA
  • Downey, CA
  • El Cajon, CA
  • Fresno, CA
  • Irvine, CA
  • Montebello, CA
  • Redding, CA
  • San Leandro, CA
  • Ventura, CA
  • West Sacramento, CA
  • Broomfield, CO
  • Grand Junction, CO
  • Henderson, CO
  • Rocky Hill, CT
  • Wilmington, DE
  • Fort Myers, FL
  • Jacksonville, FL
  • Miami Lakes, FL
  • Miramar, FL
  • Ocala, FL
  • Orlando, FL
  • Riviera Beach, FL
  • Tampa, FL
  • Albany, GA
  • Atlanta, GA
  • Augusta, GA
  • College Park, GA
  • Gainesville, GA
  • Savannah, GA
  • Kapolei, HI
  • Ankeny, IA
  • Cedar Rapids, IA
  • Des Moines, IA
  • Lake Mills, IA
  • Boise, ID
  • Hodgkins, IL
  • Normal, IL
  • Rock Island, IL
  • Elkhart, IN
  • Evansville, IN
  • Fort Wayne, IN
  • Indianapolis, IN
  • Mishawaka, IN
  • Seymour, IN
  • Colby, KS
  • Garden City, KS
  • Park City, KS
  • Hazard, KY
  • Louisville, KY
  • Walton, KY
  • Bossier City, LA
  • Lake Charles, LA
  • New Orleans, LA
  • Dedham, MA
  • Springfield, MA
  • Glen Burnie, MD
  • Scarborough, ME
  • Clinton Township, MI
  • Dearborn, MI
  • Gaylord, MI
  • Grand Rapids, MI
  • Iron Mountain, MI
  • Negaunee, MI
  • New Hudson, MI
  • Saginaw, MI
  • Alexandria, MN
  • Duluth, MN
  • Fridley, MN
  • Minneapolis, MN
  • White Bear Lake, MN
  • Columbia, MO
  • Fenton, MO
  • Joplin, MO
  • Kansas City, MO
  • Saint Louis, MO
  • Sikeston, MO
  • Springfield, MO
  • Billings, MT
  • Missoula, MT
  • Battleboro, NC
  • Charlotte, NC
  • Greensboro, NC
  • Kenly, NC
  • Pineville, NC
  • Whitakers, NC
  • Fargo, ND
  • Grand Forks, ND
  • Minot, ND
  • Kearney, NE
  • Omaha, NE
  • Kearny, NJ
  • Albuquerque, NM
  • Farmington, NM
  • Hobbs, NM
  • Elko, NV
  • North Las Vegas, NV
  • Sparks, NV
  • Albany, NY
  • Bronx, NY
  • Cheektowaga, NY
  • Horseheads, NY
  • Lakewood, NY
  • Syracuse, NY
  • Grove City, OH
  • Hilliard, OH
  • West Chester, OH
  • Oklahoma City, OK
  • Tulsa, OK
  • Coburg, OR
  • Medford, OR
  • Portland, OR
  • Belle Vernon, PA
  • Bristol, PA
  • Harrisburg, PA
  • Pittsburgh, PA
  • Tunkhannock, PA
  • Charleston, SC
  • Columbia, SC
  • Ladson, SC
  • Loris, SC
  • Summerville, SC
  • Sioux Falls, SD
  • Chattanooga, TN
  • Cookeville, TN
  • Knoxville, TN
  • Memphis, TN
  • Nashville, TN
  • Amarillo, TX
  • Austin, TX
  • Dallas, TX
  • El Paso, TX
  • Fort Worth, TX
  • Houston, TX
  • Odessa, TX
  • San Antonio, TX
  • Salt Lake City, UT
  • Vernal, UT
  • Chesapeake, VA
  • Cloverdale, VA
  • Richmond, VA
  • Pasco, WA
  • Spokane, WA
  • Sumner, WA
  • Tumwater, WA
  • Yakima, WA
  • De Pere, WI
  • Eau Claire, WI
  • Mineral Point, WI
  • Neillsville, WI
  • Oak Creek, WI
  • Schofield, WI
  • Stoughton, WI
  • Waterford, WI
  • Cross Lanes, WV
  • Fairmont, WV
  • Gillette, WY
  • Rock Springs, WY
  • Campo Grande, Brazil
  • Cuiaba, Brazil
  • Guarulhos, Brazil
  • Itatiba, Brazil
  • Macae, Brazil
  • Salvador, Brazil
  • Sao Jose Do Rio Preto, Brazil
  • Shanghai, China
  • Darlington, England
  • Daventry, England
  • Exeter, England
  • Huddersfield, England
  • Iver, England
  • Leeds, England
  • Peterborough, England
  • Wellingborough, England
  • Herrieden, Germany
  • Marktheidenfeld, Germany
  • Schkeuditz, Germany
  • Bardhaman, India
  • Bengaluru, India
  • Bhubaneswar, India
  • Bilaspur, India
  • Chandigarh, India
  • Chennai, India
  • Coimbatore, India
  • Daman, India
  • Gurgaon, India
  • Guwahati, India
  • Hubli, India
  • Hyderabad, India
  • Jaipur, India
  • Khammam, India
  • Kolkata, India
  • Lucknow, India
  • Madurai, India
  • Mathura, India
  • Mumbai, India
  • Nagpur, India
  • Navi Mumbai, India
  • New Delhi, India
  • Panaji, India
  • Pune, India
  • Raipur, India
  • Ranchi, India
  • Satara, India
  • Secunderabad, India
  • Sidhi, India
  • Thane, India
  • Vadodara, India
  • Aprilia, Italy
  • Carrara, Italy
  • Moscow, Russia
  • Aberdeen, Scotland
  • Glasgow, Scotland
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