CUMMINS INC (CMI)

Cummins, Inc. engages in the design, manufacture, and distribution of diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, valvetrain technologies, controls systems, air handling systems, automated transmissions, axles, drivelines, brakes, suspension systems, electric power generation systems, batteries, electrified power systems, hydrogen production technologies, and fuel cell products. It operates through the following segments: Engine, Distribution, Components, Power Systems, and Accelera. 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 includes power generation systems, high-horsepower engines, heavy-duty and medium-duty engines designed for on- and off-highway use, application engineering services, custom-designed assemblies, retail and wholesale aftermarket parts, and in-shop and field-based repair service. The Components segment supplies products including axles, drivelines, brakes and suspension systems for commercial diesel and natural gas applications, aftertreatment systems, turbochargers, fuel systems, valvetrain technologies, filtration products, automated transmissions, and electronics. The Power Systems segment engages in power generation, industrial, and generator technologies. The Accelera segment designs, manufactures, sells, and supports hydrogen production technologies, as well as electrified power systems, including battery, fuel cell, and electric powertrain technologies. The company was founded by Clessie Lyle Cummins and William Glanton Irwin on February 3, 1919 and is headquartered in Columbus, IN.

Address

500 JACKSON ST
COLUMBUS, IN 47202-3005

Founded

1919

Number of Employees

75,500

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s)
$672,394 $902,158 $757,177 $456,993 $1,142,109 $1,282,176 $641,085 $1,402,165 $374,201 - - $847,829
Average Price $139.16 $124.34 $102.78 $155.84 $145.07 $156.53 $163.49 $244.73 $198.74 - - $152.66
# Shares Purchased 4,831,777 7,255,602 7,367,063 2,932,438 7,872,936 8,191,218 3,921,246 5,729,377 1,882,898 - - 5,553,839
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date 117.0% 142.9% 193.8% 93.8% 108.2% 92.9% 84.7% 23.4% 52.0% - - 97.8%
S&P 500 Return to Date 181.9% 173.0% 168.6% 129.7% 104.9% 93.1% 74.8% 31.7% 37.3% - - 110.5%
Excess Total Return -64.8% -30.1% 25.2% -35.9% 3.3% -0.2% 9.9% -8.3% 14.7% - - -12.7%
Quartile Rank
Percentile Rank 62% 69% 76% 67% 75% 74% 68% 64% 81% - - 83%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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