Cummins Provides Business Update and Withdraws Full Year Guidance
Cummins Inc. (CMI)
Last cummins inc. earnings: 4/28 07:30 am
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US:NYSE Investor Relations:
investor.cummins.com/phoenix.zhtml?c=112916&p=irol-irhome
Company Research
Source: Business Wire
COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) provided a business update in light of recent changes in customer demand and a weaker outlook for the global economy. Today, the Company suspended production at its Midrange Engine Plant in Walesboro, IN, for two weeks in response to the decision by its customer Fiat Chrysler Automobiles to shutdown pickup truck assembly until at least the end of March, as a consequence of the coronavirus pandemic. This news follows recent communication of lower commercial truck production rates by some of its customers in North America and other plant shutdowns by various OEMs in Europe over the past few days.While the Company is not announcing any other production suspensions or plant shutdowns at this time, the Company cannot predict if and when further suspensions or shutdowns may arise. Possible causes for further shutdowns include changes in customer demand, shortfalls in supplier deliveries and the impact of government regulations or
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CMI
News
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- Cummins Inc. (NYSE: CMI) had its price target lowered by analysts at Robert W. Baird from $298.00 to $295.00. They now have a "neutral" rating on the stock.MarketBeat
- Cummins (CMI) Q1 Earnings Miss, Fall Y/Y, Sales Top Estimates [Yahoo! Finance]Yahoo! Finance
CMI
Earnings
- 5/2/24 - Beat
CMI
Sec Filings
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/23/24 - Form PX14A6G
- CMI's page on the SEC website