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The Latest Breaking News from Cummins

Analyst Ratings for Cummins

Cummins (NYSE:CMI) has observed the following analyst ratings within the last quarter:

Expert Ratings for Cummins

Expert Ratings for Cummins

Within the last quarter, Cummins (NYSE:CMI) has observed the following analyst ratings:

Cummins invests £14m to build new Darlington test facility

Cummins invests £14m to build new Darlington test facility

The new facility will help Cummins move into increasingly cleaner, 'next generation' power technologies

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Cummins Announces $3.7B Deal To Buy Meritor

Cummins had already started launching its own electric powertrains, but with Meritor on-board, this trend will be accelerated.

Cummins buys truck parts supplier Meritor for EV components

Cummins Inc. on Tuesday said it intends to acquire a Michigan-based truck parts supplier to add axles and brakes for hybrid and electric powertrains to its portfolio in a $3.7 billion deal.

Tribune News Service

Cummins Agrees To Acquire Meritor For $3.7B

Cummins Inc (NYSE:CMI) has agreed to acquire electric powertrain solutions provider Meritor Inc (NYSE:MTOR) for about $3.7 billion, including assumed debt and net of acquired cash. The company will pay Meritor shareholders $36.50 in cash per share, representing a 48% premium to the Meritor's closing price of $24.67 on February 18, 2022. Meritor, headquartered…

Infrastructure in 2022: The Complete Investors Guide

Improving America’s infrastructure is one rare area of bipartisan agreement. According to Gallup, 68% of Americans expressed support for infrastructure spending. The Infrastructure Jobs and Investment Act was passed at the end of last year and will benefit stocks like Rio Tinto (RIO), Cummins (CMI), ArcelorMittal (MT), Eaton (ETN), and…

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Cummins To Acquire Jacobs Vehicle Systems Business From Altra Industrial For $325M

Cummins To Acquire Jacobs Vehicle Systems Business From Altra Industrial For $325M

Cummins Inc. (NYSE:CMI) has agreed to acquire Jacobs Vehicle Systems, a subsidiary of Altra Industrial Motion Corp (NASDAQ:AIMC), for $325 million. Founded in 1961, Jacobs Vehicle Systems has roughly 600 employees and more than 60 years of experience in engine retarding and valve actuation systems for the commercial vehicle industry. It generated ~$193 million in…

Cummins To Take Full Control Of Former JV With Westport

Cummins To Take Full Control Of Former JV With Westport

Cummins Inc. (NYSE:CMI) has agreed to acquire the remaining stake in the former Cummins Westport Joint Venture from Westport Fuel Systems Inc. (NASDAQ:WPRT). Financial terms were not disclosed. CMI will operate the business as the sole owner. The Cummins Westport Inc. joint venture agreement terminated effective December 31, 2021. Cummins will also buy Westport’s interest…

Where Cummins Stands With Analysts

Where Cummins Stands With Analysts

Within the last quarter, Cummins (NYSE:CMI) has observed the following analyst ratings:

Cummins: Q4 Earnings Insights

Cummins: Q4 Earnings Insights

Cummins (NYSE:CMI) reported its Q4 earnings results on Thursday, February 3, 2022 at 07:30 AM. Here's what investors need to know about the announcement.

Cummins Reports Mixed Q4 Results; Expects China Demand To Moderate In FY22

Cummins Reports Mixed Q4 Results; Expects China Demand To Moderate In FY22

Cummins Inc. (NYSE:CMI) reported fourth-quarter sales of $5.85 billion, flat year-over-year, beating the consensus of $5.79 billion. Sales in North America decreased 4% while international revenues increased 6% Y/Y, driven by strong demand across most global markets, except China. Sales by segments: Engine $2.4 billion (+4% Y/Y), Distribution $2.1 billion (+3% Y/Y),…

Recap: Cummins Q4 Earnings

Recap: Cummins Q4 Earnings

Cummins (NYSE:CMI) reported its Q4 earnings results on Thursday, February 3, 2022 at 07:30 AM. Here's what investors need to know about the announcement.

Cummins-Powered Isuzu Electric Truck To Start US Trials In 2022

Cummins-Powered Isuzu Electric Truck To Start US Trials In 2022

If the demonstration and pilot phase proves successful, Isuzu will explore opportunities to sell Cummins-powered medium-duty battery electric trucks in the US.

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What 5 Analyst Ratings Have To Say About Cummins

Over the past 3 months, 5 analysts have published their opinion on Cummins (NYSE:CMI) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

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