The company believes the separation will create value for both companies by enabling enhanced focus on key strategic initiatives, continued innovation in core and new technologies for Cummins and greater focus and operating flexibility for the filtration business, Cummins said in 2021 annual report. systems. Atmus Filtration Technologies Inc., headquartered in Nashville, Tennessee, filed paperwork Tuesday with the U.S. Securities and Exchange Commission to be listed on the New York Stock Exchange under the symbol ATMU. Also, as of Dec. 31, 2022, we operate through 12 distribution centers, nine manufacturing facilities and five technical facilities plus 10 manufacturing facilities and two technical facilities operated by our joint ventures, giving us presence on six continents.. Their CMI share price forecasts range from $190.00 to $291.00. Create your Watchlist to save your favorite quotes on Nasdaq.com. Cummins Inc. has filed a confidential registration to sell shares in its filtration business through an initial public offering as it focuses on its pending $3.7 billion purchase of Meritor Inc. The ability to manipulate its own media allows Cummins to optimise the performance levels of Fleetguard products in respect of the polymer, fibre diameter, pore size, thickness and permeability for every layer and number of layers. In August 2021, Cummins announced plans to explore strategic alternatives for its filtration business, including potentially spinning it off into a separate company or selling it altogether. 5.0 . regarding the future. This item: Cummins Filtration LF9009 Oil/Lube Filter, 1 Pack $32.04 Fleetguard Fuel Filter $16.46 Fleetguard Fuel/Water Sep Spin-On SIngle $32.18 Fleetguard Oil Filter, for Cummins, Fleetgaurd, Fleetguard, John Deere and Sisu Pack of 2 255 6 offers from $59.40 Fleetguard Oil Filter 774 #1 Best Seller in Automotive Replacement Coolant Filters Findlay, Ohio. Cummins plans sale of filter business Written by Adrian Wilson Published: 07 February 2022 COLUMBUS - Engine manufacturer Cummins, which has just reported 2021 sales of $24 billion, up 21% on 2020, continues to explore strategic alternatives for its Filtration business unit. Our engine filtration expertise provides a crankcase ventilation solution that reduces your equipment operating costs. Cummins announced that Steph Disher has been named Vice President - Cummins Filtration, effective November 15 Disher began leading the Filtration business in August 2020, navigating the business during the global pandemic and related ongoing supply chain constraints. Toll Free: (800) 876-7811, Andy East is a reporter for the Columbus Republic. Visit www.cumminsfiltration.com to learn more or follow Cummins Filtration on YouTube at www.youtube.com/FleetguardFiltration. Documents Online, Cummins Net sales rose $6.11 billion from $3.85 billion a year ago. Or if you prefer email, click on the button below and we'll get back to you asap. Cummins Filtration employs around 4,000 people worldwide, corporate spokesman Jon Mills said last year. P. Find many great new & used options and get the best deals for Cummins Filtration,Fleetguard Air Filt,Filter-Air AF26117 at the best online prices at eBay! suppliers, employees and the communities where the businesses are The method and timing of the separation are currently under evaluation. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. growth strategy. The spinoff of the $1.2 billion filtration business into a separate company became public as part of the second-quarter 2021 earnings report. This announcement is being issued in accordance with Rule 135 under the Securities Act. However, filtration businesses are still seen as financially resilient. Last month, Cummins reiterated its downbeat full-year revenue forecast and said quarterly sales in its engine unit were down 12 percent from a year earlier. 7 analysts have issued 1 year target prices for Cummins' stock. coverage), https://www.businesswire.com/news/home/20220421005325/en/, Cummins Corporate Website - 2023 Cummins Filtration, 26 Century Boulevard, Nashville, Tennessee 37214 U.S.A. Privacy Policy | Terms and Conditions | Cookies | Site Map | Terms and Conditions . Filtration, Buy Parts COLUMBUS, Ind.--(BUSINESS WIRE)-- Cummins Inc. (NYSE: CMI) today announced that its Filtration business has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") for a proposed underwritten initial public offering (the "IPO") of newly issued common stock of the business in the United States. Abhijith Ganapavaram for This is a step that companies take before publicly filing IPO paperwork with regulators. 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It earned $1.4 billion last year on sales of $19.1 billion. Copy and paste multiple symbols separated by spaces. "When Cummins and Power Service began to discuss the endorsement partnership, it . coverage), Cummins Corporate Website - Truck makers have experienced a drop in sales this year as lackluster economic growth and high retail inventories have discouraged many trucking companies from putting in orders for new vehicles. Inc. Investor Website, Search All These cookies will be stored in your browser only with your consent. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Nobody covers Columbus, Indiana and the surrounding areas like The Republic. Net income for the quarter ended July 4 rose to $600 million, or $4.10 per share, from $276 million, or $1.86 per share, a year earlier. sales of $13.2 billion in 2010. The companys current name, Atmus Filtration Technologies, is derived from atmosphere and reflects its purpose of creating a better future by protecting what is important, Cummins said. Businesses in Related Categories to Engines-Diesel-Fuel Injection Parts & Service. current management team to help drive operational improvements, deployment of filtration products. Clean Engines, Peak Performance Cummins filtration and exhaust products keep commercial engines running at peak capacity, with filters, coolants and fuel additives that increase uptime, reduce costs and leave a light footprint on the environment. Established in 1958, Cummins Filtration offers filtration products for trucks, off-highway industrial equipment and power generation systems. Cummins Filtration Employees: 3.200 worldwide. But opting out of some of these cookies may have an effect on your browsing experience. Headquartered in Columbus, Indiana, (USA) Cummins employs operations in Sao Paulo, Brazil and Shanghai, China. In Stock. COLUMBUS, Ind.-- (BUSINESS WIRE)-- Cummins Inc. (NYSE: CMI) today announced that its Filtration business has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") for a proposed underwritten initial public offering (the "IPO") of newly issued common stock of the business Cummins Inc.Janet Williams, Director - Corporate Communications,317-610-2488 The method and timing of the separation are under evaluation.. In Stock. This is a very exciting opportunity for Light Duty Filtration business Designed for use on storage tanks of 10,000 gallons and larger,*the Fuel ReGen System runs 24/7 in a continuous recirculation configuration. cummins.com, National Overhaul Warranty (NOW coverage), Air companys expectations, hopes, beliefs and intentions on strategies . 2023 Cummins Inc., Box 3005, Columbus, IN 47202-3005 U.S.A. Cummins Filtration (the "Company"), today a business unit of Cummins Inc. (NYSE: CMI), has reached an important milestone in establishing itself as a standalone company with the announcement of its new name: Atmus Filtration Technologies. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (the" Securities Act"). Espaol, Cummins Corporate Website - It operates within Cummins' components. forward-looking statements within the meaning of the Private Securities Baird, BofA Securities, and Wells Fargo Securities will also act as joint book running managers. "This partnership allows Cummins to leverage Power Service's wide distribution network and industry leading technology to make diesel fuel solutions more accessible to our customers," said Gary Ross, Director of Global Mining Business, Cummins Filtration. The new corporate brand will take effect upon becoming a standalone company. Earlier on Thursday, Parker-Hannifin Corp PH.N, which makes motion and control systems for the industrial and aerospace markets, said it would buy air filtration system maker Clarcor Inc CLC.N for about $4.3 billion, including debt. Online - US, Buy Parts filtration products for diesel engines. Toll Free: (800) 876-7811, Andy East is a reporter for the Columbus Republic. Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success. This suggests a possible upside of 4.4% from the stock's current price. Cummins leading Fleetguard branded filter products, based on the companys Stratapore meltblown nonwoven media, are sold in over 160 countries and available through thousands of distribution points worldwide. Litigation Reform Act of 1995, including statements regarding the Currently, the timing for the filtration business IPO is unclear, but the company said in the regulatory filing that it is expected to commence after the completion of the SEC review process, subject to market and other conditions.. We also use third-party cookies that help us analyze and understand how you use this website. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Terms of the deal were not disclosed. He can be reached at 812-379-5712 or by email at, Cummins filtration files for stock offering, In love with the arts theme fits city bands associate director, Editorial: Racial wealth gap simulation can improve equity, Myers is newest member of Columbus Regional Health police department, Senators debate ban on inappropriate library materials for minors, bill would allow teachers and librarians to be criminally charged, Sheriff deputy arrests two on drug-related charges. The company, which mainly supplies engines and parts to truck manufacturers, also reported that its second-quarter profit doubled, helped by higher demand for its diesel and natural gas-powered engines used in heavy vehicles. Cummins Filtration Lubricity Doser System Installation Instructions. Cummins Inc. (NYSE: CMI) announced today that it has entered into an Written by 2023 Cummins Inc., Box 3005, Columbus, IN 47202-3005 U.S.A. but not limited to, general economic, business and financing conditions, Derived from the word atmosphere, Atmus signals a clean, sustainable environment. Engines-Diesel-Fuel Injection Parts & Service Diesel Engines Automobile Parts & Supplies. Steph Disher will continue to lead Atmus Filtration Technologies as CEO, Cummins said. FUEL FILTRATION Here are five things to know about this exciting new technology approach from Cummins. COLUMBUS, Ind. Cummins' filtration business employed around 4,000 people worldwide as of 2021, corporate spokesman Jon Mills said previously. labor relations, governmental action, competitor pricing activity, Cummins Locations & Hours in El Centro, CA Address; Phone; City; State; Cummins - El Centro - CA (800) 679-2175; El Centro CA Our air, cooling, fuel, hydraulic, lube and transmission systems, along with our other filtration products, are continually being developed, refined . Accurate description. 49. the business, said Hasnain Merchant, a current Cummins executive and Details:Cummins Inc. has sold its Filtration Business to Industrial Opportunity Partners. than 600 company-owned and independent distributor locations and (Reuters) - Cummins Inc CMI.N, a U.S. manufacturer of engines for large trucks, is preparing to explore the sale of a business that makes filters and coolants, potentially valuing it at more than $1.5 billion, according to people familiar with the matter. The filtration business accounted for about $1.4 of Cummins' overall $24 billion in sales last year, according to SEC filings. Completed forms should be returned via: Email: fleetmaster.us@cummins.com Fax: 1-812-374-1001 Postal Mail: Cummins Inc. Attn: Customer Care - Aftermarket 2501 McGavock Pike Suite 302 Nashville, TN 37214 After receiving your submission, we will review it and if approved your listing will appear in on the WRL. These operations are part of The information you are looking for is on All quotes delayed a minimum of 15 minutes. Cummins Filtration CorporateHeadquarters: Cummins Employees: 50,00 worldwide The sale will allow Cummins Filtration to place greater emphasis and On average, they predict the company's stock price to reach $254.75 in the next twelve months. These forward-looking statements include, without limitation, statements relating to our plans and expectations for our revenues and EBITDA. 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