CMI News & Events

Sees more than 20% EBITDA margin in 2030. Comments taken from investor presentation slides.

At a meeting with analysts and shareholders, members of the leadership team of Cummins shared the company's plans to raise its long-term financial expectations for growth and profitability, relative to its prior Analyst Day, and deliver increasing returns to shareholders, the company announced. "Over the past two years, Cummins has navigated significant complexity while continuing to execute with discipline and deliver record performance. Since our last Analyst Day, we have continued to strengthen our position and execute on both our strategy and financial commitments, even as market conditions shifted. As a result, I am pleased to share we are raising our 2030 financial targets. Cummins is able to succeed with our strategy because of our broad portfolio of innovative technologies and capabilities, trusted customer partnerships, global presence, experienced people and financial strength that allows us to invest in our future. All of this positions us to win in key markets," said Jennifer Rumsey, Chair and Chief Executive Officer.

Mark Smith, Cummins' Chief Financial Officer, summarized the company's plans for growth, margin expansion and capital allocation: "Cummins has a proven track record of raising performance cycle over cycle, and we look forward to building upon our market leadership, global presence and financial strength in the coming years. Since our prior Analyst Day, we have continued to deliver top-quartile return on invested capital and generate meaningful returns for our shareholders. We are raising our expectations for revenue growth and margin expansion with significant opportunities ahead of us across businesses and regions."