COLUMBUS, Ind. – At a meeting with analysts and shareholders on Thursday, members of the leadership team of Cummins Inc. (NYSE: CMI), shared the Company’s plans to raise its long-term financial targets, relative to its prior Analyst Day, and deliver increasing returns to shareholders.
“Two years ago, we introduced Destination Zero as our winning growth strategy. This is proving to be the right strategy for our customers, the environment, and the continued growth of Cummins,” Jennifer Rumsey, Chair and CEO, said at the meeting. “Since our last Analyst Day, we have continued to strengthen our position and execute on our strategy and financial commitments. As a result, I’m excited to share we are raising our long-term financial expectations as we lead the transition.”
The Company says it is uniquely positioned to lead the transition to zero emissions and outgrow its markets, through its multi-solution approach that leverages advancements and product portfolios from both its base business and Accelera. Rumsey continued, “Cummins wins because of our integrated suite of innovative technologies and capabilities, strong customer partnerships, and financial strength that allows us to invest in our future, and our skilled global workforce.”
Mark Smith, Chief Financial Officer, summarized the Company’s plans for growth, margin expansion, and capital allocation. “We will continue to drive further improvement as we expand margins in our base business and successfully scale our Accelera business. Cummins has a strong track record of raising performance, cycle over cycle.”
Read more on this story on the Cummins website, here.
