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Cummins Inc CMI Stock Quote

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Morningstar‘s Stock Analysis CMI

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We Expect a Solid Demand Environment for Cummins in the Near Term

Dawit Woldemariam Equity Analyst

Business Strategy and Outlook

| Dawit Woldemariam |

We think Cummins will continue to be the top supplier of truck engines and components, despite increasing emissions regulation from government authorities. For over a century, the company has been the pre-eminent manufacturer of diesel engines, which has led to its place as one of the best heavy- and medium-duty engine brands. Cummins' strong brand is underpinned by its high-performing and extremely durable engines. Customers also value Cummins’ ability to enhance the value of their trucks, leading to product differentiation.

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Key Statistics CMI

Company Profile CMI

Business Description

Cummins is the top manufacturer of diesel engines used in commercial trucks, off-highway equipment, and railroad locomotives, in addition to standby and prime power generators. The company also sells powertrain components, which include filtration products, transmissions, turbochargers, aftertreatment systems, and fuel systems. Cummins is in the unique position of competing with its primary customers, heavy-duty truck manufacturers, who make and aggressively market their own engines. Despite robust competition across all its segments and increasing government regulation of diesel emissions, Cummins has maintained its leadership position in the industry.

500 Jackson Street, Box 3005
Columbus, IN, 47202-3005
T +1 812 377-5000
Industry Specialty Industrial Machinery
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 59,900

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