Cummins, Inc.

Cummins, Inc.

Cummins, Inc.

Overview
Date Founded

1919

Headquarters

500 Jackson Street,Columbus, IN 47201-3005

Type of Company

Public

Employees (Worldwide)

61.6K

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, agricultural, construction, mining, marine, oil and gas, rail and governmental equipment 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 electrified power systems with components and subsystems, including battery, fuel cell and hydrogen production technologies. The company was founded by Clessie Lyle Cummins and William Glanton Irwin on February 3, 1919 and is headquartered in Columbus, IN.

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Executives & Employees

Chief Executive Officer

President & Chief Operating Officer

Executive Director, Corporate Strategy & Business Development

Executive Director, Commercial & Growth Markets

Chief Financial Officer & Executive Vice President

Chief Financial Officer & Vice President

Vice President & General Counsel

Vice President & Chief Technical Officer

Vice President & Chief Information Officer

Vice President & Chief Human Resources Officer

Board of Directors

Chief Executive Officer at Cummins, Inc.

Chair & Chief Executive Officer at NEW Ventures LLC

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

President & Chief Executive Officer at PTI Resources LLC

Former Managing Director & Partner at Kalorama Partners LLC

Chief Customer Officer at Dell, Inc.

President at The Wallace Foundation

Former Senior Vice President-IBM Global Markets at International Business Machines Corporation

Former Senior Group President at Fluor Corporation

Former Vice President, Chairman & Managing Director, Cummins India Area Business Organization at Cummins, Inc.

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Cummins, Inc.
Owners & Shareholders
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LSV Asset Management 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. LSV uses a strictly quantitative investment model to identify out-of-favor (undervalued) stocks that have the potential for near-term appreciation. Their portfolios typically have a deep value orientation relative to the indices. Market timing is not part of LSV's process and portfolios are generally fully invested with cash levels usually below 2 percent. LSV selects 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. Portfolio turnover is approximately 30 percent for each strategy. LSV also offers socially responsible investment portfolios and has a strict policy against using soft dollars.

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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.

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SAAMCo provides investment management and advisory services to the registered fund (Subsidiary) by overseeing a sub-adviser who provides day-to-day portfolio management services to both the Subsidiary and the corresponding investment companies (Registered Funds). There is currently one Subsidiary for which SAAMCo provides such investment management and advisory services, the Commodity Strategy Subsidiary. SAAMCo's Commodity Strategy Subsidiary seeks to achieve long-term total return by investing in a combination of commodity-linked derivative instruments, including commodity futures, swaps, options and options on futures. These investments provide exposure to the return of real assets that trade in the commodities markets without direct investment in physical commodities. Real assets include, but are not limited to, such things as industrial and precious metals, gas, oil, livestock, agricultural or meat products, among others.

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

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

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Cummins, Inc. purchases Cummins Electrified Power Europe Ltd. from Johnson Matthey Plc

Insider Transactions
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Transaction Advisors
Investment Advisor

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

Investment Advisor

Advised onUniversal Silencer, Inc. /Management purchases Universal Acoustic & Emission Technologies, Inc. from Cummins, Inc.

Accountant

Advised onCummins, Inc., Cummins India Ltd. purchase CG Newage Electrical Ltd

Advisors & Consultants
Legal Advisor

Managing Partner at Foley & Lardner LLP

Legal Advisor

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

Advisor

President of Valuation & Advisory Services, Americas 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.

Navistar International Corp. is a holding company, which engages in the manufacture of military truck, proprietary diesel engines, school and commercial buses, and service parts for trucks and diesel engines. It operates through the following segments: Truck, Parts, Global Operations, and Financial Services. The Truck segment manufactures and distributes class four through eight trucks, buses, military and government vehicles under the International, and IC Bus (IC) brands, and produces engines under its proprietary brand name and parts required to support the military truck lines. The Parts segment offers a proprietary products needed to support the International commercial truck, IC Bus, proprietary engine lines, and export parts business, as well as its other product lines. The Global Operations segment comprises of Brazil engine operations which produce diesel engines under contract manufacturing arrangements. The Financial Services segment includes retail, wholesale, and lease financing of products sold by the truck and parts segments, and dealers within the United States, and Mexico. The company was founded in 1902 and is headquartered in Lisle, IL.

Energy Transfer is a Texas-based company that began in 1995 as a small intrastate natural gas pipeline operator and is now one of the largest and most diversified investment grade master limited partnerships in the United States. Growing from roughly 200 miles of natural gas pipelines in 2002 to approximately 69,000 miles of natural gas, natural gas liquids (NGLs), refined products, and crude oil pipelines today, the Energy Transfer family of partnerships remains dedicated to providing exceptional service to its customers and attractive returns to its investors. Through several recent transformative transactions, we have expanded our scope of services and increased our focus on the transportation of heavier hydrocarbons. While we remain committed to the prolific natural gas industry, we enhanced our diversified portfolio of assets by making a strategic entrance into the NGL business through the acquisition of Louis Dreyfus’ NGL storage, fractionation and transportation operations in 2011. In 2012, we acquired Southern Union Company, a leading diversified natural gas company, which expanded our national footprint and added more than 20,000 miles of gathering and transportation pipelines to our portfolio. More recently, we made a strong entrance into the crude oil and refined products business by acquiring Sunoco, Inc., including its interest in Sunoco Logistics Partners L.P. (SXL). These acquisitions, together with our already robust asset base, have enabled Energy Transfer to become a premier provider of services to producers and consumers of natural gas, NGLs, crude oil, and refined products. To improve operating efficiencies within the Energy Transfer family, in October 2012 we formed ETP Holdco Corporation, which is owned 60% by ETE and 40% by ETP and controlled through a majority board membership by ETP. ETP Holdco owns a 100% equity interest in Southern Union Company and Sunoco, Inc. (excluding SXL)

Key Stats and Financials As of 2019
Market Capitalization
$21.9B
Total Enterprise Value
$30.3B
Earnings Per Share
$14.48
Revenue
$23.6B
Total Equity
$8.46B
Net Profit
$2.26B
Enterprise Value Sales
1.29x
Enterprise Value EBITDAOperating
9.39x
TEVNet Income
13.4x
Debt TEV
0.09x
EBITDAMargin
13.47%
Total Debt
$2.87B
EBITDA
$3.17B
Five Year Compounded Annual Growth Rate Of Revenue
4.17%
Three Year Compounded Annual Growth Rate Of Revenue
10.36%
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.

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Cummins Arabia wholesales power generation equipment, power systems and fuel systems. The company is headquartered in Dubai, United Arab Emirates.

Investors
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Former Vice President at Cummins Engine Company

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 Aerospace and Industrial segment. The Aerospace segment designs, manufactures, and services systems and products for the management of fuel, air, 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, markets and supports simulation software for the fluids engineering marketplace. The company also engages in software products development and provider of professional services. Its products include PowerDATA, PowerCASE, PowerFLOW, PowerTHERM, PowerCOOL, PowerVIZ, PowerACOUSTICS, PowerINSIGHT, along with technical support, training and engineering services. Exa was founded by Stephen A. Remondi on November 21, 1991 and is headquartered in Burlington, MA.

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.

Navistar International Corp. Trucks, Construction & Farm Machinery - Lisle, IL

Navistar International Corp. is a holding company, which engages in the manufacture of military truck, proprietary diesel engines, school and commercial buses, and service parts for trucks and diesel engines. It operates through the following segments: Truck, Parts, Global Operations, and Financial Services. The Truck segment manufactures and distributes class four through eight trucks, buses, military and government vehicles under the International, and IC Bus (IC) brands, and produces engines under its proprietary brand name and parts required to support the military truck lines. The Parts segment offers a proprietary products needed to support the International commercial truck, IC Bus, proprietary engine lines, and export parts business, as well as its other product lines. The Global Operations segment comprises of Brazil engine operations which produce diesel engines under contract manufacturing arrangements. The Financial Services segment includes retail, wholesale, and lease financing of products sold by the truck and parts segments, and dealers within the United States, and Mexico. The company was founded in 1902 and is headquartered in Lisle, IL.

General Electric Company Power & Utilities - Boston, MA

General Electric Co. is a technology and financial services company. 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 & software, offshore wind turbines, solutions, products & services to hydropower industry, blades for onshore & offshore wind turbines, and high voltage equipment. The Aviation segment provides jet engines & turboprops for commercial airframes, maintenance, component repair, and overhaul services, as well as replacement parts, additive machines & 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 & 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.

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
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