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COLUMBUS, Ind. - Cummins Inc. (NYSE: CMI), a $44.8 billion market cap machinery industry leader with a "GOOD" financial health rating according to InvestingPro, announced Monday that Chief Administrative Officer Sharon Barner will retire on May 31 after 13 years with the company. The global power solutions leader credited Barner with playing a critical role in shaping the company through her expertise in intellectual property, risk management, and environmental and regulatory affairs.
Barner’s tenure at Cummins began in 2012 as Vice President and General Counsel, where she led the transformation of the Legal function and managed complex regulatory matters. In her most recent role as Chief Administrative Officer since 2021, she oversaw 12 corporate functions and guided the company through challenges including the COVID-19 pandemic and significant acquisitions, such as Meritor.
Prior to her time at Cummins, Barner spent 27 years in private legal practice and served as Deputy Under Secretary of Commerce for Intellectual Property and Deputy Director of the U.S. Patent and Trademark Office. Her efforts in diversity and mentoring have been recognized both within Cummins and in the broader community, including her endowment of the Barner-McDuffie House at Syracuse University to support Black students.
Cummins Chair and CEO Jennifer Rumsey praised Barner for her strong leadership and commitment to the company’s values, emphasizing her impact on individuals and the company’s success. Cummins is set to announce Barner’s successor in the coming weeks.
Cummins, headquartered in Columbus, Indiana, operates five business segments and is known for its Destination Zero strategy, focusing on sustainability and the energy transition. The company, which celebrated its 106th anniversary in 2025, reported earnings of approximately $3.9 billion on sales of $34.1 billion in 2024, trading at an attractive P/E ratio of 11.45 while offering a 2.23% dividend yield. This news is based on a press release statement.Get deeper insights into Cummins’ financial health, valuation metrics, and growth potential with InvestingPro, which offers exclusive analysis and 10 additional ProTips for informed investment decisions.
In other recent news, Cummins Inc. has reported a strong financial performance, with its fourth-quarter earnings per share surpassing consensus estimates by 9.8%. The company also set its fiscal year 2025 guidance for earnings per share at approximately $22.65, slightly above street estimates. Cummins anticipates EBITDA margins to improve, projecting between 16.2% and 17.2% for 2025, following a robust margin increase in the fourth quarter. Additionally, Cummins has announced a quarterly dividend of $1.82 per share, showcasing its commitment to shareholder returns.
Cummins has also unveiled its new X10 engine, designed for heavy and medium-duty applications, as part of its HELM™ series. The engine, which will undergo extensive validation before its 2027 launch, aims to enhance performance and efficiency. In a strategic move to advance decarbonization, Cummins acquired key assets from First Mode, focusing on hybrid solutions for mining and rail operations. This acquisition aligns with Cummins’ Destination Zero strategy, emphasizing environmental sustainability.
Moreover, Truist Securities has adjusted its price target for Cummins to $420, maintaining a Hold rating on the stock. The adjustment follows Cummins’ earnings beat and updated guidance. The company also foresees a potential pre-buy scenario ahead of the 2027 emissions regulations, which may impact market dynamics in the coming years.
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