secwatch / observer

CUMMINS INC — fact timeline

Source-grounded facts extracted from CUMMINS INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

CMI CUMMINS INC JSON
Earnings Releases

CUMMINS INC reported first quarter of 2026 results: revenue $8.4 billion, net income $654 million, EPS $4.71. Guidance raised.

“5, 2026 Cummins delivered strong operating results and returned $519 million to shareholders in the first quarter of 2026; raises full-year outlook • First-quarter revenues of $8.4 billion; GAAP 1 Net Income of $654 million, or 7.8% of sales • EBITDA 2 in the first quarter was 15.4% of sales; Diluted EPS of $4.71 • First-quarter results include $199 million, or”
Debt Financings

CUMMINS INC incurred revolving credit of up to $2.0 billion with JPMorgan Chase Bank, N.A. at SOFR plus 0.50% to 1.00% maturing June 2, 2028.

““5-Year Maturity Date”), the Borrowers may obtain revolving and swingline loans and letters of credit, in each case subject to certain amount limitations, in an amount up to $2.0 billion in the aggregate outstanding at any time prior to the 5-Year Maturity Date. The 5-Year Credit Agreement amends and restates in its entirety that certain Second Amended and”
Debt Financings

CUMMINS INC incurred revolving credit of up to $2.0 billion with JPMorgan Chase Bank, N.A. at SOFR plus 0.50% to 1.00% maturing June 2, 2030.

““5-Year Maturity Date”), the Borrowers may obtain revolving and swingline loans and letters of credit, in each case subject to certain amount limitations, in an amount up to $2.0 billion in the aggregate outstanding at any time prior to the 5-Year Maturity Date. The 5-Year Credit Agreement amends and restates in its entirety that certain Second Amended and”

Sharon R. Barner departed as Chief Administrative Officer at CUMMINS INC.

“On March 18, 2025, Cummins Inc. (the “Company”) issued a press release announcing that Sharon R. Barner, the Company’s Chief Administrative Officer, will retire from the Company, effective May 31, 2025.”

Tony Satterthwaite departed as Senior Vice President at CUMMINS INC.

“Tony Satterthwaite, the Company’s Senior Vice President, will retire from the Company, effective September 15, 2024.”
Shareholder Votes

CUMMINS INC shareholders rejected 5. Shareholder Proposal Regarding Linking Executive Compensation to Achieving 1.5°C emissions reductions at the 2024-05-14 meeting.

“5. Shareholder Proposal Regarding Linking Executive Compensation to Achieving 1.5°C emissions reductions For Against Abstain Broker Non-Votes 15,609,081 79,253,669 493,122 17,523,019”
Shareholder Votes

CUMMINS INC shareholders rejected 4. Shareholder Proposal Regarding an Independent Board Chairman at the 2024-05-14 meeting.

“4. Shareholder Proposal Regarding an Independent Board Chairman For Against Abstain Broker Non-Votes 41,415,876 53,460,424 479,572 17,523,019”
Shareholder Votes

CUMMINS INC shareholders approved 2. Advisory Vote on the Compensation of the Company’s Named Executive Officers at the 2024-05-14 meeting.

“2. Advisory Vote on the Compensation of the Company’s Named Executive Officers For Against Abstain Broker Non-Votes 89,248,608 5,655,401 451,863 17,523,019”
Shareholder Votes

CUMMINS INC shareholders approved 1. Election of Eleven Directors for a One-Year Term to Expire at the Company’s 2025 Annual Meeting of Shareholders at the 2024-05-14 meeting.

“Item 5.07. Submission of Matters to a Vote of Security Holders. On May 14, 2024, at the 2024 annual meeting of shareholders (the “Annual Meeting”) of Cummins Inc. (the “Company”), the Company’s shareholders voted on the following proposals: • The election of eleven directors for a one-year term to expire at the Company’s 2025 annual meeting of shareholders; • An advisory vote on the compensation of the Company’s named executive officers; • The ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s auditors for 2024; • A shareholder proposal regarding an independent board chairman; and • A shareholder proposal regarding linking executive compensation to achieving 1.5°C emissions reductions.”
Earnings Releases

CUMMINS INC reported the first quarter of 2024 results: revenue $8.4 billion, net income $2.0 billion, EPS $14.03 per diluted share. Guidance raised.

“of the Company under the Securities Act of 1933 or the Exchange Act. --- EX-99 (EX-99) --- May 2, 2024 Cummins Reports First Quarter 2024 Results • First quarter revenues of $8.4 billion; GAAP 1 Net Income of $2.0 billion • EBITDA in the first quarter was 30.6% of sales; Diluted EPS of $14.03 • First quarter results include a net gain of $1.3 billion, or $9.08”
Debt Financings

CUMMINS INC incurred senior notes of $1 billion with U.S. Bank National Association at 5.450% per maturing February 20, 2054.

“of the Company’s 4.900% Senior Notes due 2029 (the “2029 Notes”), $750 million aggregate principal amount of the Company’s 5.150% Senior Notes due 2034 (the “20304 Notes) and $1 billion aggregate principal amount of the Company’s 5.450% Senior Notes due 2054 (the “2054 Notes,” and together with the 2029 Notes and the 2034 Notes, the “Notes”) . The Notes were”
Debt Financings

CUMMINS INC incurred senior notes of $750 million with U.S. Bank National Association at 5.150% per year maturing February 20, 2034.

“Inc. (the “Company”) completed a public offering (the “Offering”) of $500 million aggregate principal amount of the Company’s 4.900% Senior Notes due 2029 (the “2029 Notes”), $750 million aggregate principal amount of the Company’s 5.150% Senior Notes due 2034 (the “20304 Notes) and $1 billion aggregate principal amount of the Company’s 5.450% Senior Notes due”
Debt Financings

CUMMINS INC incurred senior notes of $500 million with U.S. Bank National Association at 4.900% per year maturing February 20, 2029.

“or an Obligation under an Off-Balance Sheet Arrangement of a Registrant . On February 20, 2024, Cummins Inc. (the “Company”) completed a public offering (the “Offering”) of $500 million aggregate principal amount of the Company’s 4.900% Senior Notes due 2029 (the “2029 Notes”), $750 million aggregate principal amount of the Company’s 5.150% Senior Notes due”

John H. Stone was elected as Director at CUMMINS INC.

“On February 12, 2024, Cummins Inc. (the “Company”) elected John H. Stone, President and Chief Executive Officer of Allegion plc, as a director of the Company to serve until the Company’s next annual meeting of shareholders.”
Earnings Releases

CUMMINS INC reported full year 2023 results: revenue $34.1 billion, net income Net Income of $735 million, EPS $5.15 per diluted share. Guidance reaffirmed.

“of voluntary retirement and separation programs ◦ $33 million, or $0.17 per diluted share, of costs related to the separation of Atmus • Full year 2023 revenues of $34.1 billion; GAAP 1 Net Income of $735 million • EBITDA for full year 2023 was 8.9% of sales; Diluted EPS of $5.15 • Full year 2024 revenues expected to decline between 2% and 5%; EBITDA”
Earnings Releases

CUMMINS INC reported fourth quarter of 2023 results: revenue $8.5 billion, net income Net loss of $1.4 billion, EPS $(10.01) per diluted share. Guidance reaffirmed.

“Securities Act of 1933 or the Exchange Act. --- EX-99 (EX-99) --- February 6, 2024 Cummins Reports Fourth Quarter and Full Year 2023 Results • Fourth quarter 2023 revenues of $8.5 billion; GAAP 1 Net Loss of $1.4 billion • Fourth quarter 2023 EBITDA was negative 10.3% of sales; Diluted EPS of $(10.01) • The results for the fourth quarter 2023 reflect: ◦ $2.04”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.