The Board of Directors of Cummins Inc. (NYSE: CMI) today declared a quarterly common stock cash dividend of 1.311 dollars per share, payable on June 4, 2020, to shareholders of record on May 22, 2020.

Cummins Inc. (NYSE: CMI) reported much stronger than expected revenue and profit than analysts expected in the first quarter, benefitting from cost cutting before the coronavirus pandemic struck.The leading maker of diesel engines for on- and off-highway trucks reported net income of $511 million, or $3.41 per fully diluted share, down 17% from $663 million in the same quarter of 2019.Earnings before interest, taxes, depreciation and amortization (EBITDA) were 16.9% of sales compared with 17.2% in the first quarter of 2019.View more earnings on CMIThe consensus of analysts predicted earnings per share of $2.18 and revenue of $4.87 billion, according to Seeking Alpha.Cummins completed the layoff of 2,000 workers globally that was announced in November 2019 by the end of March. It also has idled four engine plants in southern Indiana until at least May 4, or whenever production resumes at its major truck manufacturing customers."Given the significant impact the pandemic will have on demand across our industry in the second quarter and beyond, we are continuing to take actions to reduce cost and boost our already strong liquidity," Cummins CEO Tom Linebarger said in a statement.See more from Benzinga * Cummins' Melting Fuel Heater Leads To Big Navistar Recall * Cummins Testing Cylinder Skipping To Reduce NOx Emissions * Cummins, 3M Team Up On Filters For High-Tech Protective Gear(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

COVID-19 pandemic has hit demand for engines hard, but investors still saw value in Cummins stock in April.

Cummins (CMI) delivered earnings and revenue surprises of 45.87% and 2.11%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Cummins Inc. (NYSE: CMI) today entered into an agreement providing for an additional $2 billion revolving credit facility that terminates on April 30, 2021.

Q1 2020 Cummins Inc Earnings Call

CMI earnings call for the period ending March 31, 2020.

It's earnings season on Wall Street, and industrial stocks are on deck. This morning, engine maker Cummins (NYSE: CMI) reported its first-quarter 2020 results. Cummins reported earning $3.18 per share (pro forma) on sales of $5 billion for the quarter, both numbers ahead of the $2.16 on $4.9 billion in sales that analysts had predicted.

While Tesla (TSLA), Harley Davidson (HOG) and Cummins (CMI), among others, manage to deliver Q1 earnings beat, Ford (F) posts wider-than-expected loss.

Heightening coronavirus fears and elevated R&D expenses are likely to have dragged down Cummins' (CMI) margins in the first quarter.

Their yields beat the 20-year high quality market corporate bonds Continue reading...

Overall first-quarter 2020 earnings and revenues for the auto sector are projected to be down 82.2% and 13% year over year, respectively.

Hardly any stocks have managed to hold fairly steady, a difficult feat in this environment. Some of them deserve a look Continue reading...

Shares of Cummins (NYSE:CMI) gained 8% after the company reported Q1 results.Quarterly Results Earnings per share fell 24.29% year over year to $3.18, which beat the estimate of $2.16.Revenue of $5,011,000,000 lower by 16.54% from the same period last year, which beat the estimate of $4,880,000,000.Looking Ahead Cummins hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Conference Call Details Date: Apr 28, 2020View more earnings on CMITime: 10:04 AM ETWebcast URL: https://edge.media-server.com/mmc/p/rm9pu43wTechnicals Company's 52-week high was at $186.7252-week low: $101.03Price action over last quarter: down 2.08%Company Description Cummins is a leading manufacturer of diesel engines used in commercial trucks, off-highway equipment, and railroad locomotives, along with diesel-powered electric generators. The firm's revenue historically has been tied to the class 8 truck market, where, as the industry leader, it currently supplies 38% of engines. 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 ever-increasing government regulation of diesel emissions in the past three decades, Cummins has been able to grow its revenue sevenfold, to $23.7 billion in 2018. Cummins is headquartered in Columbus, Indiana, where it was founded in 1919.See more from Benzinga * Recap: Rockwell Automation Q2 Earnings * D.R. Horton: Q2 Earnings Insights * Recap: Corning Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Cummins (CMI) anticipates second-quarter results to take a severe hit due to disruptions across customer and supplier operations, as well as lower end market demand.

Cummins Inc. (NYSE: CMI) today announced that it will conduct its May 12 Annual Meeting virtually to protect the health and safety of its employees and shareholders amid the ongoing global COVID-19 pandemic.

Firm's largest sales of the 1st quarter Continue reading...

New orders for manufactured durable goods tumbled 14.4% last month, the second-largest drop ever, driven by a plunge in demand for transportation equipment such as auto parts as the coronavirus pandemic began to halt business and consumer activity.

Cummins Inc. (NYSE: CMI) today reported results for the first quarter of 2020.

Navistar Inc. is recalling more than 50,000 trucks and buses because an electric fuel heater in a Cummins' medium-duty diesel engine used in school buses, trucks and emergency vehicles could overheat, causing plastic in the fuel heater to melt and potentially catch fire.If that happens, an unexpected engine stall could occur, increasing the possibility of a crash, according to Cummins' and Navistar filings with the National Highway Traffic Safety Administration (NHTSA).The International trucks and IC buses account for the majority of 68,605 engines that Cummins Inc. (NYSE: CMI) recalled March 31. Navistar International, Inc. (NYSE: NAV) was the only customer listed in Cummins' recall notice. The status of the other 17,885 engines was unknown.  About 10% of the Cummins' B6.7 diesel engines are suspected to have the condition. Cummins said it was unaware of any fires, accidents or injuries related to the condition.Cummins is developing a remedy and will notify International and IC dealers on April 30. The recall is expected to start May 29.Cummins investigated the first case of the fuel heater melting in early February. It became aware of 12 cases of the component melting by the time it decided on March 24 to conduct a recall. The NHTSA recall is 20E-018.Cummins told Navistar of the issue, and the truck maker developed the affected population covered in NHTSA recalls 20V-219 and 20V-220.The 27,421 vehicles in the first Navistar recall are:IC Bus/1300 FBC/2018-2019IC Bus/CE/2018-2021IC Bus/HC/2018-2019 IC Bus/TC/2019-2021 International/Durastar/2017-2020International/HV/2018-2021International/MV/2018-2021 andInternational/Workstar/2017-2020The second Navistar recall covers 23,299 models of IC Bus/CE from the 2017-2021 model years.See more from Benzinga * Today's Pickup: C.R. England Tops Four Million Meals Donated * Trucking Freight Futures Market Summary Week Ending 4-24-2020 * Australia Secures Subsidized Airfreight For Exporters(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.