COLUMBUS, Ind.–(BUSINESS WIRE)–The Board of Directors of Cummins Inc. (NYSE: CMI) today declared a
quarterly common stock cash dividend of 1.14 dollars per share, payable
on June 5, 2019, to shareholders of record on May 24, 2019.
About Cummins
Cummins Inc., a global power leader, is a corporation of complementary
business units that design, manufacture, distribute and service a broad
portfolio of power solutions. The company’s products range from diesel
and natural gas engines to hybrid and electric platforms, as well as
related technologies, including battery systems, fuel systems, controls,
air handling, filtration, emission solutions and electrical power
generation systems. Headquartered in Columbus, Indiana (U.S.A.), since
its founding in 1919, Cummins employs approximately 62,600 people
committed to powering a more prosperous world through three global
corporate responsibility priorities critical to healthy communities:
education, environment and equality of opportunity. Cummins serves
customers in approximately 190 countries and territories through a
network of approximately 600 company-owned and independent distributor
locations and over 7,600 dealer locations and earned about $2.1 billion
on sales of $23.8 billion in 2018. See how Cummins is powering a world
that’s Always On by accessing news releases and more information at https://www.cummins.com/always-on.
Follow Cummins on Twitter at www.twitter.com/cummins
and on YouTube at www.youtube.com/cumminsinc.
Forward-looking disclosure statement
Information provided in this release that is not purely historical are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, including statements regarding our
forecasts, guidance, preliminary results, expectations, hopes, beliefs
and intentions on strategies regarding the future. These forward-looking
statements include, without limitation, statements relating to our plans
and expectations for our revenues and EBITDA percentage for the full
year of 2019. Our actual future results could differ materially from
those projected in such forward-looking statements because of a number
of factors, including, but not limited to: the adoption and
implementation of global emission standards; the price and availability
of energy; the pace of infrastructure development; increasing global
competition among our customers; general economic, business and
financing conditions; governmental action; changes in our customers’
business strategies; competitor pricing activity; expense volatility;
labor relations; and (i) any adverse results of our internal review into
our emissions certification process and compliance with emissions
standards; (ii) a sustained slowdown or significant downturn in our
markets; (iii) our truck manufacturing and OEM customers discontinuing
outsourcing their engine needs; (iv) the development of new
technologies; (v) the discovery of any significant additional problems
with our engine platforms or aftertreatment systems in North America;
(vi) performance or safety-related recalls; (vii) policy changes
impacting international trade; (viii) the United Kingdom’s decision to
end its membership in the European Union; (ix) lower than anticipated
market acceptance of our new or existing products or services; (x) a
slowdown in infrastructure development and/or depressed commodity
prices; (xi) vulnerability to supply chain shortages from single-sourced
suppliers; (xii) potential security breaches or other disruptions to our
information technology systems and data security; (xiii) financial
distress or a change-in-control of one of our large truck OEM customers;
(xiv) our reliance on significant earnings from investees that we do not
directly control; (xv) our pursuit of strategic acquisitions and
divestitures; and (xvi) other risks detailed from time to time in our
SEC filings, including particularly in the Risk Factors section of our
2018 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
Shareholders, potential investors and other readers are urged to
consider these factors carefully in evaluating the forward-looking
statements and are cautioned not to place undue reliance on such
forward-looking statements. The forward-looking statements made herein
are made only as of the date of this press release and we undertake no
obligation to publicly update any forward-looking statements, whether as
a result of new information, future events or otherwise. More detailed
information about factors that may affect our performance may be found
in our filings with the SEC, which are available at http://www.sec.gov
or at http://www.cummins.com
in the Investor Relations section of our website.
Contacts
Jon Mills
Director, External Communications
317-658-4540
[email protected]
