NYSE:CMI
Cummins is a global power company that designs, manufactures, distributes and services a broad range of power solutions. It was founded in 1919 and had pioneered diesel engine manufacturing. The company operates through the engine (35% of revenue), power systems (15%), components (24%), and distribution (26%) segments. Electrified Power is Cummins’ newest business segment focusing on electric and hybrid powertrain solutions. Cummins’ products range from diesel and natural gas engines to hybrid and electric platforms, as well as powertrain-related technologies. Cummins serves customers in 190 countries and territories through a network of nearly 600 distributors and over 7,600 dealers. Over the years, the company has developed an impressive product portfolio and strong global partnerships. PACCAR, Navistar, Daimler, and Fiat Chrysler are Cummins’ largest customers (accounting for 35% of consolidated net sales in 2018). Cummins also enjoys strong geographic diversification and leadership across multiple end-markets.