Cummins Inc.

Company Profile

■URL

https://www.cummins.com/

■Address

500 Jackson Street, Columbus, IN 47201 U.S.

Business Overview

-The Company is a global leader in the design, manufacturing, sale and servicing of diesel and alternative fuel engines and related components and technologies. It provides components and systems including aftertreatment, turbochargers, valvetrain systems, fuel systems, control systems, air handling systems, automated transmissions, brakes, axles, drivelines, and electric power generation systems. It also provides electrified power systems such as batteries, hydrogen generation and fuel cell technologies.

-In the first quarter of 2023, the Company restructured specific areas within its operating segments. In the Components segment, the Company carved out its electronics business into the software and electronics business, while combining the turbo technologies and fuel systems businesses into the new engine components business. The Company also changed the name of its filtration business to Atmus. In March 2023, the Company rebranded the New Power segment as Accelera. During the second quarter of 2024, the Company realigned certain businesses within the Components segment. As of December 31, 2024, the Company is organized into five business segments:

Engine: The segment manufactures diesel and natural gas engines for on-highway and off-highway vehicles including medium-duty and heavy-duty buses and trucks, passenger vehicles, agricultural equipment, mining vehicles, and marine vehicles.
Power Systems: The segment manufactures high-speed high-horsepower engines for applications including mining, rail, defense, and commercial marine. The segment also provides power generators for consumer, commercial, industrial, data centers, and health care applications.
Components: The segment is divided into five businesses: Components and software, formerly the two businesses known as engine components and software and electronics combined into a single unit, which produces turbochargers, fuel systems, and valvetrain technologies, as well as electronic control modules, sensors and supporting software; Emission Solutions, which designs and manufactures exhaust after-treatment technologies and solutions; Drivetrain and braking systems which designs and manufactures drivetrain systems including axles, drivelines, brakes and suspension systems; Automated transmissions, which develops and supplies automated transmissions for heavy duty commercial vehicles; and Atmus, which manufactures filters, coolant and chemical products, and was divested on March 18, 2024.
Distribution: The segment provides sales, services and support for the full range of the Company’s products.
Accelera: The segment designs, manufactures, sells and supports electrified power systems including fully electric and hybrid systems. It also designs and manufactures battery modules, packs and systems for commercial, industrial and material handling applications. The segment designs, manufactures and supports hydrogen production solutions.

-Of the Company’s five business segments, the Engine segment, Components segment and Accelera Segment supply products to the automotive industry.

Competitors

Engine Segment

Caterpillar (CAT)
CNH Industrial
Daimler
Detroit Diesel
Deutz
Dongfeng
FAW
Ford
Guangxi Yuchai
Hino Power
Isuzu
Navistar
PACCAR
TRATON
Volvo Powertrain
Weichai Power

Components Segment

Accelera Segment

Ballard Power Systems
BorgWarner
BYD
Daimler
Dana
ITM Power
Nel
PACCAR
Plug Power
Proterra
Siemens
Thyssenkrupp
Traton
Volvo

Shareholders

-The Company is listed on the New York Stock Exchange.

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Products

Engines
-Diesel engines for pickup trucks
-Natural gas engines for heavy-duty trucks
-Diesel engines for heavy-duty trucks
-Diesel engines for medium-duty trucks
-Natural gas engines for medium-duty trucks
-Diesel engines for light commercial vehicles
-Diesel engines for trucks and buses
-Natural gas engines for trucks and buses
-Diesel engines for vocational vehicles
-Natural gas engines for vocational vehicles

Components
-Engine braking and valvetrain technologies