Cummins, Inc.

Cummins, Inc.

Cummins, Inc.

Overview
Date Founded

1919

Headquarters

Box 3005 Columbus, Indiana, 47202-3005, United States

Type of Company

Public

Employees (Worldwide)

57.8K

Industries

Automobiles
Oil & Gas
Wholesale: Industrial Products & Manufacturing
Trucks, Construction & Farm Machinery
Aerospace & Defense
Industrial Machinery & Manufacturing

Company Description

Cummins, Inc. designs, manufactures and markets diesel and natural gas engines. It operates through the following segments: Engine, Distribution, Components, Power Systems, and New Power. The Engine segment manufactures and markets diesel and natural gas powered engines under the Cummins brand name, for the heavy- and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets. The Distribution segment consists of parts, engines, power generation and service, which service and distributes its products and services. The Components segment supplies products such as, aftertreatment systems, turbochargers, transmissions, filtration products, electronics and fuel systems for commercial diesel, and natural gas applications. The Power Systems segment engages in power generation, industrial and generator technologies. The New Power segment designs, manufactures, sells and supports hydrogen production solutions, as well as electrified power systems ranging from fully electric to hybrid along with components and subsystems, including battery and fuel cell technologies. The company was founded by Clessie Lyle Cummins and William Glanton Irwin on February 3, 1919 and is headquartered in Columbus, IN.

Contact Data
Trying to get in touch with decision makers at Cummins, Inc.? Subscribe today to access their professional contact information and receive a one time promotion of free Contact Data credits!
Executives & Employees

Chief Executive Officer

President & Chief Operating Officer

Vice President & Chief Financial Officer

Vice President & General Counsel

Vice President & Chief Technical Officer

Chief Information Officer & Vice President

Chief Digital Officer & Vice President

Vice President & Chief Human Resources Officer

Vice President of Cummins Sales & Service, North America

President, Engine Business

Board of Directors

Chief Executive Officer at Cummins, Inc.

President at Cummins Southern Plains Ltd.

Senior Client Advisor at Morgan Stanley

President at The Wallace Foundation

Chair & Chief Executive Officer at NEW Ventures LLC

Chairman & Chief Executive Officer at Deutsch Engineered Connecting Devices Corp.

Former Managing Director & Partner at Kalorama Partners LLC

Former President at Edison International

Former Senior Vice President & Chief Marketing Officer at Dell, Inc.

Former President, Snacks Unlimited Division at General Mills, Inc.

Paths to Cummins, Inc.
Potential Connections via
Relationship Science
You
Cummins, Inc.
Owners & Shareholders
Details Hidden

LSVAM is a quantitative value equity manager that provides active investment management for institutional investors through the application of proprietary investment models. The firm's investment approach is based on the premise that superior long-term results can be achieved by systematically exploiting the judgmental biases and behavioral weaknesses that influence the decisions of many investors. LSVAM uses a strictly quantitative investment model to identify out-of-favor (undervalued) stocks that have the potential for near-term appreciation. They select individual securities using a bottom-up, quantitative approach. All of their investment strategies use the same approach with investments segmented into different market-cap ranges and/or geographic regions.

Details Hidden

FEIM is a global, value-oriented investment manager that seeks to produce consistent absolute returns over the long-term without regard for industry benchmarks. They construct well-diversified portfolios through cautious security selection with an emphasis on risk aversion. FEIM focuses on investments with a substantial margin of safety, healthy balance sheets and clear business models. They employ bottom-up security analysis that is independent of broad market conditions or industry trends and focuses on downside protection. FEIM currently manages the following primary investment strategies: Global Value and International Value, High Yield, Gold, US Value, and Global Income Builder.

Details Hidden

H&W employs an active, team-based investment approach driven by in-house fundamental research and bottom-up security selection. The firm offers value equity investment strategies across the market-cap spectrum, as well as strategies that emphasize income generation. Their investment focus is on equity securities, fixed-income securities, options, derivatives and other securities, depending on the investment objective of the client. The goal of all H&W’s investment strategies is to provide clients with portfolios that offer attractive risk-adjusted returns relative to a specified benchmark. The firm seeks to invest in stocks whose future prospects are misunderstood or are not fully recognized by the market. For investments in fixed income securities, H&W develops an outlook for credit markets, interest rates, currency exchange rates and the economy, analyzes individual credit and call risks, and uses other security selection techniques. Their capital income strategies invest in equity and high yield fixed income securities that generate current income and are attractively valued.

Recent Transactions
Details Hidden

Cummins, Inc., Atlantis AcquisitionCo Canada Corp. purchase Hydrogenics Corp.

Details Hidden

Cummins, Inc. purchases Efficient Drivetrains, Inc. from H&Q Asia Pacific Ltd

Details Hidden

Cummins, Inc. purchases Anhui Jianghuai Navistar Diesel Engine Co., Ltd. from Navistar International Corp.

Transaction Advisors
Investment Advisor

Advised onIndustrial Opportunity Partners LLC purchases Gvs Filtration, Inc. from Cummins, Inc.

Accountant

Advised onCummins, Inc. purchases Nelson Industries, Inc.

Legal Advisor

Advised onCummins, Inc., Atlantis AcquisitionCo Canada Corp. purchase Hydrogenics Corp.

Legal Advisor

Advised onCummins, Inc., Atlantis AcquisitionCo Canada Corp. purchase Hydrogenics Corp.

Legal Advisor

Advised onCummins, Inc., Atlantis AcquisitionCo Canada Corp. purchase Hydrogenics Corp.

Legal Advisor

Advised onCummins, Inc., Atlantis AcquisitionCo Canada Corp. purchase Hydrogenics Corp.

Advisors & Consultants
Legal Advisor

Managing Partner at Foley & Lardner LLP

Legal Advisor

Co-Chair, National Transactional & Securities Practice at Foley & Lardner LLP

Advisor

President-Americas Valuation & Advisory Services at CBRE, Inc.

Clients

Ford Motor Co. engages in the manufacture, distribution, and sale of automobiles. It operates through the following three segments: Automotive, Mobility, and Ford Credit. The Automotive segment engages in developing, manufacturing, marketing and servicing of Ford cars, Lincoln vehicles. The Mobility segment includes Ford Smart Mobility LLC and autonomous vehicles business. The Ford Credit segment comprises Ford Credit business on a consolidated basis, which is primarily vehicle-related financing and leasing activities. The company was founded by Henry Ford on June 16, 1903 and is headquartered in Dearborn, MI.

Volkswagen AG engages in the production and sale of passenger cars and light commercial vehicles. The firm also develops vehicles and components for the brands of the group. It operates through following segments: Passenger Cars, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars segment covers the development of vehicles and engines; production and sale of passenger cars and light commercial vehicles; and the corresponding genuine parts business. The Commercial Vehicles segment covers the development, production, and sale of light commercial vehicles, trucks, and buses; and the corresponding genuine parts business and related services. The Power Engineering segment deals with the development and production of large-bore diesel engines, turbo compressors, industrial turbine,s and chemical reactor systems; and the production of gear units, propulsion component,s and testing systems. The Financial Services segment involves dealer and customer financing, leasing, banking, insurance, fleet management services. The company was founded on May 28, 1937 and is headquartered in Wolfsburg, Germany.

Henry Crown & Co. provides investment advisory services. It manages investments in banking, transportation, oil and gas, cellular phones, home furnishings, and resort properties. The company is headquartered in Chicago, IL.

Key Stats and Financials As of 2020
Market Capitalization
$38.6B
Total Enterprise Value
$35.5B
Earnings Per Share
$12.01
Revenue
$19.8B
Net Profit
$1.79B
Total Equity
$8.99B
Enterprise Value / Sales
1.79x
Enterprise Value EBITDAOperating
13.97x
TEVNet Income
19.85x
Debt TEV
0.13x
Three Year Compounded Annual Growth Rate Of Revenue
-1.02%
Total Debt
$4.62B
EBITDA
$2.51B
EBITDAMargin
12.67%
Non-Profit Donations & Grants
Political Donations
$500
2014
$2,000
2014
$500
2014
Investments
Details Hidden

ReliOn, Inc. engaged in the development and marketing of modular, fault-tolerant, proton exchange membrane fuel cell technology for applications such as emergency and backup power, uninterruptible power supplies, digital power needs and off-grid power requirements. Its services are employed by clients in the telecommunications, energy, transportation, and government sectors. The company was founded in 1995 was headquartered in Spokane, WA.

Details Hidden

Cummins Arabia wholesales power generation equipment, power systems and fuel systems. It offers agriculture, construction, defense, drilling, euro trucks and buses, fire and emergency, fire pump drives, gas compression, heavy duty trucks, integrated power, light commercial vehicles, marine auxiliary, marine prolusion, marine recon, medium duty trucks, mining, motorhome and RVs, pickup trucks, rails, repowering, school busses, transit busses, and well servicing services. The company is headquartered in Dubai, the United Arab Emirates.

Details Hidden

Olayan Energy Ltd. operates as a power rental segment in the Saudi Arabian market. It provides solutions for all power related requirements for medium-to-long term power projects up to 750 megawatt apart from the repair and maintenance services to clients’ generating equipment. The company offers its services to various sectors, such as oil & gas, mining, manufacturing, construction, entertainment events, shipping, data center, utilities, such as water & electricity, and others, including telecom, agriculture, military, hospital, and commercials among others. Olayan Energy was founded in 2008 and is headquartered in Jeddah, Saudi Arabia.

Investors
Details Hidden

Finance/Treasurer at MBD Community Housing Corp.

Suppliers
Twin Disc, Inc. Trucks, Construction & Farm Machinery | Racine, WI

For 87 years Twin Disc has been developing, engineering, manufacturing and distributing power transmission products that make things work. They are seldom seen, but they go into machines that contribute to the standard of our lives. Twin Disc products are installed in the drivelines and powertrains of farm tractors, road pavers, cranes, mining trucks, oil rigs, logging equipment, firefighting and rescue vehicles, pleasure craft, fishing and work boats, pumps, turbines - you name it. They manage and control the horsepower generated by internal combustion engines and electric motors. They help feed us, provide natural resources, build our cities and homes, transport us, defend us and influence our lives daily in many unnoticed but critical ways. Where there's an industrial strength vehicle or machine that requires converting horsepower to productivity, Twin Disc has a way to do it. So, in a very real sense, Twin Disc has helped put the world to work, for nearly a century

Woodward, Inc. Power & Utilities | Fort Collins, Colorado

Woodward, Inc. engages in the provision of control system solutions and components for the aerospace and industrial markets. It operates through the following segments: Aerospace and Industrial. The Aerospace segment designs, manufactures and services systems and products for the management of fuel, air and combustion and motion control. The Industrial segment includes the design and services systems and products for the management of fuel, air, fluids, gases, electricity, motion and combustion. The company was founded by Amos W. Woodward in 1870 and is headquartered in Fort Collins, CO.

Exa Corp. Industrial Machinery & Manufacturing | Burlington, MA

Exa Corp. engages in the development, marketing, and support of simulation software for the fluids engineering marketplace. The company was founded by Stephen A. Remondi , Gregory Papadopoulos, and Kim Molvig on November 21, 1991 and is headquartered in Vaughan, Canada.

Competitors
Ford Motor Company Automobiles - Dearborn, MI

Ford Motor Co. engages in the manufacture, distribution, and sale of automobiles. It operates through the following three segments: Automotive, Mobility, and Ford Credit. The Automotive segment engages in developing, manufacturing, marketing and servicing of Ford cars, Lincoln vehicles. The Mobility segment includes Ford Smart Mobility LLC and autonomous vehicles business. The Ford Credit segment comprises Ford Credit business on a consolidated basis, which is primarily vehicle-related financing and leasing activities. The company was founded by Henry Ford on June 16, 1903 and is headquartered in Dearborn, MI.

General Electric Company Power & Utilities - Boston, MA

General Electric Co. engages in the provision of technology and financial services. It operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, and Capital. The Power segment offers technologies, solutions, and services related to energy production, which includes gas and steam turbines, generators, and power generation services. The Renewable Energy segment provides wind turbine platforms, hardware and software, offshore wind turbines, solutions, products and services to hydropower industry, blades for onshore and offshore wind turbines, and high voltage equipment. The Aviation segment provides jet engines and turboprops for commercial airframes, maintenance, component repair, and overhaul services, as well as replacement parts, additive machines and materials, and engineering services. The Healthcare segment provides healthcare technologies in medical imaging, digital solutions, patient monitoring, and diagnostics, drug discovery, biopharmaceutical manufacturing technologies and performance enhancement solutions. The Capital segment leases and finances aircraft, aircraft engines and helicopters, and also provides financial and underwriting solutions. The company was founded by Thomas Alva Edison in 1878 and is headquartered in Boston, MA.

BYD Co., Ltd. Electrical Products - Shenzhen, Chn

Established in February 1995, BYD Company Limited specializes in IT, automobile and new energy. BYD is the largest supplier of rechargeable batteries in the globe, and has the largest market share for Nickel-cadmium batteries, handset Li-ion batteries, cell-phone chargers and keypads worldwide. It is the largest supplier of rechargeable batteries and it also has the second largest market share for cell-phone shells in the globe. BYD Auto becomes the most innovative independent national auto brand and leads the field of electric vehicles with unique technologies. In the field of new energy, BYD has developed green products such as solar farm, battery energy storage station, electric vehicle, and LED, etc. It will continue to lead the new energy revolution in the world! BYD has developed from 20 employees in 1995 to a corporation with more than 150,000 employees and 10 industrial parks across China in 2009, including sites in Guangdong, Beijing, Shaanxi, Shanghai, and Changsha, totaling nearly 15,000,000 sq. m. It also has offices in the United States, Europe, Japan, South Korea, India, Taiwan, Hong Kong and other regions. BYD's IT business has earned a large and stable customer base owing to its reliable product quality. Currently, its IT Business Unit's customers include international cell phone giants Nokia, Motorola, Samsung, Sony Ericsson, Kyocera, Phillips, prominent domestic cell phone companies Huawei, ZTE, Lenovo, as well as cordless phone experts Vtech, Panasonic, and Sony. On January 22, 2003, BYD purchased Xi'an Tsinchuan Auto Co., Ltd. (now BYD Auto Co., Ltd.) and officially entered the auto industry. As a rapidly growing and innovative auto company, BYD's auto products and services include fuel and electric vehicles as well as auto molding and auto parts manufacturing. Its selection of vehicles include traditional high quality fuel vehicles F3, F3R, F6, F0, S8, G3, M6, L3, dual mode electric vehicles F3DM, pure electric vehicle e6 and pure electric bus K9. Dec. 15, 2008, F3DM, the world's first dual mode electric car independent of specialized charging stations, officially hit the market in Shenzhen. January 2010, pure electric vehicle e6 got approval from the government for launch; May 2010, the world's first pure EV taxies, BYD e6 taxies run into commercial operation. January 2010, BYD's pure electric bus K9 was developed successfully. BYD has secured its leading role in the global new energy vehicle business. BYD is now cooperating with the most experienced traditional car manufacture Daimler AG. BYD is committed to developing new green energy. It has developed solar farm, battery energy storage station, electric vehicle, LED and other green energy products. In the future, BYD will continue to lead the new energy revolution and help more countries in the world to get rid of oil pollution problems. All mankind will benefit from technological innovation! BYD will continuously progress, innovate, pursue excellence, and step into a brilliant future with its global partners

Awards & Honors
Rank #148
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #2519
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by Cummins, Inc.. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of Cummins, Inc.'s profile does not indicate a business or promotional relationship of any kind between RelSci and Cummins, Inc..