Mission Statement, Vision, & Core Values of Cummins Inc. (CMI)

How does a company stay grounded and focused while navigating a rapidly changing world? For Cummins Inc., it comes down to a clearly defined mission, a compelling vision, and a set of core values that guide every decision. In 2024, Cummins demonstrated the power of these guiding principles by achieving record revenues of $34.1 billion and a net income of $3.9 billion.

But what exactly are these principles, and how do they translate into such impressive results? What role do integrity, diversity, and innovation play in shaping Cummins's strategy and culture? Read on to discover how these elements drive Cummins's success and contribute to a more prosperous world.

Cummins Inc. (CMI) An Overview of

Cummins Inc. (CMI), a global power leader, designs, manufactures, distributes, and services a broad portfolio of power solutions. Established in 1919, the company has grown to become a major player in the engine and power generation markets. Cummins' products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, valvetrain technologies, controls systems, air handling systems, automated transmissions, electric power generation systems, microgrid controls, batteries, electrolyzers and fuel cell products. These are used in a variety of applications including on-highway vehicles, power generation, marine, industrial and construction equipment. As of April 2025, Cummins continues to expand its reach through strategic acquisitions and a focus on innovative, sustainable solutions, solidifying its position in both traditional and emerging markets.

In 2024, Cummins reported record revenues, driven significantly by strong demand across its diverse product lines. The company's financial performance reflects its strategic investments in new technologies and its ability to capitalize on growth opportunities in key markets. Specifically, the demand for its engines and power generation systems has fueled substantial revenue increases, underscoring Cummins' critical role in supporting global infrastructure and industrial operations. The company's commitment to innovation and sustainability is evident in its expanding portfolio of electric and hybrid powertrain solutions, positioning it for long-term success in a rapidly evolving industry landscape.

Cummins is recognized as a leader in its industry due to its long-standing history of innovation, reliability, and commitment to sustainability. The company's focus on developing advanced technologies and providing comprehensive customer support has enabled it to maintain a competitive edge in the global market. Cummins' dedication to environmental responsibility is demonstrated through its investments in alternative power solutions and its efforts to reduce emissions across its product lines. Want to know more about why Cummins is a leader? Read more here: Breaking Down Cummins Inc. (CMI) Financial Health: Key Insights for Investors

Cummins Inc. (CMI) Mission Statement

The mission statement of Cummins Inc. reflects its commitment to innovation, customer success, and social responsibility. It serves as a guiding principle for the company's strategic decisions and daily operations. Cummins' mission is 'To make people’s lives better by powering a more prosperous world.' This statement underscores the company's dedication to providing essential power solutions while contributing positively to society and the environment. Cummins Inc. (CMI): History, Ownership, Mission, How It Works & Makes Money

The core components of Cummins Inc.'s mission statement can be broken down into three key areas:

• Improving People's Lives
• Powering a More Prosperous World

Let's explore each of these in more detail.

Improving People's Lives

This component focuses on how Cummins' products and services directly and indirectly enhance the quality of life for individuals worldwide. This involves not only providing reliable power solutions but also ensuring these solutions are sustainable and environmentally responsible.

Examples of how Cummins improves people's lives include:

• Power Generation: Providing power solutions to hospitals, schools, and communities, ensuring access to essential services, and supporting critical infrastructure.
• Clean Technology: Developing and implementing technologies that reduce emissions and improve air quality, contributing to healthier living environments.
• Community Engagement: Investing in local communities through educational programs, environmental initiatives, and philanthropic efforts.

Powering a More Prosperous World

This aspect of the mission statement emphasizes Cummins' role in driving economic growth and prosperity through its products and services. By providing reliable and efficient power solutions, Cummins supports various industries, fosters innovation, and facilitates global trade.

Examples of how Cummins powers a more prosperous world include:

• Economic Impact: Cummins reported revenues of $34.1 billion in 2023, reflecting its substantial contribution to the global economy.
• Technological Advancement: Investing in research and development to create innovative power solutions that enhance productivity and efficiency across industries. In 2023, Cummins invested $1.5 billion in research and development.
• Global Reach: Operating in over 190 countries and territories, Cummins supports international trade, facilitates economic development, and brings power solutions to diverse markets.

Cummins Inc. (CMI) Vision Statement of

The vision of Cummins Inc. is to innovate for our customers’ success. This vision reflects the company's commitment to driving innovation and ensuring customer satisfaction. Cummins aims to be a leader in providing advanced technological solutions and reliable products to meet the evolving needs of its diverse customer base.

Innovate

Cummins Inc. places a significant emphasis on innovation across its various business segments. The company's dedication to research and development enables it to create cutting-edge technologies and sustainable solutions. Cummins' investment in innovation not only enhances its product offerings but also drives growth and competitiveness in the global market.

• Cummins invests heavily in R&D to develop new technologies and improve existing products. In 2024, Cummins allocated $1.2 billion to research and development, demonstrating its commitment to innovation.
• The company focuses on developing solutions that reduce emissions and improve fuel efficiency, aligning with global sustainability goals.
• Cummins collaborates with partners and customers to identify emerging needs and develop tailored solutions.

For Our Customers' Success

Customer success is at the core of Cummins' vision. The company strives to provide products and services that enable its customers to achieve their business objectives. Cummins focuses on building long-term relationships with its customers by delivering reliable, high-performance solutions and exceptional support.

• Cummins offers a wide range of products and services, including diesel and natural gas engines, power generation systems, and components.
• The company provides comprehensive aftermarket support, including parts, service, and maintenance, to ensure customer satisfaction.
• Cummins works closely with its customers to understand their unique needs and develop customized solutions.

Cummins Inc. reported revenues of $34.1 billion in 2024, reflecting its strong market position and customer base. The company's ability to innovate and deliver value to its customers has contributed to its financial success and sustained growth. To gain deeper insights into Cummins Inc.'s financial standing, consider exploring: Breaking Down Cummins Inc. (CMI) Financial Health: Key Insights for Investors

Cummins Inc. (CMI) Core Values of

Integrity: At Company, integrity is more than just a word; it's the foundation of all relationships. Company aims to conduct business fairly, honestly, and ethically. This commitment is evident in their approach to corporate governance, compliance, and social responsibility. Demonstrating this, Company's code of ethics provides a framework for decision-making, ensuring every employee understands the importance of upholding these standards. For example, in 2024, Company reinforced its dedication to ethical practices through comprehensive training programs for employees worldwide, focusing on anti-corruption and compliance policies.

Diversity and Inclusion: Company recognizes that a diverse workforce leads to more innovative solutions. Inclusion is not only a moral imperative but also a business advantage. Company actively promotes diversity and inclusion through various initiatives such as employee resource groups, mentorship programs, and inclusive leadership training. In 2024, Company reported that 38% of its global workforce identified as women and 41% as minorities, reflecting their ongoing efforts to build a diverse and inclusive workplace. Exploring Cummins Inc. (CMI) Investor Profile: Who’s Buying and Why?

Caring: Caring extends beyond the workplace to the communities where Company operates. Company demonstrates this value through corporate social responsibility initiatives focused on education, environment, and social justice. In 2024, Company invested $25 million in community development projects, impacting over 500,000 individuals globally. These projects include STEM education programs for underprivileged youth and environmental conservation efforts aimed at reducing carbon emissions and promoting sustainable practices.

Excellence: Company strives for excellence in everything it does, from product development to customer service. This commitment is reflected in their continuous improvement processes, investment in research and development, and focus on customer satisfaction. In 2024, Company allocated $1.1 billion to R&D, resulting in the launch of several innovative products and technologies. Additionally, Company achieved a customer satisfaction rating of 92%, underscoring their dedication to meeting and exceeding customer expectations.

Teamwork: Teamwork is essential to Company's success. Company fosters a collaborative environment where employees work together to achieve common goals. This is supported by team-building activities, cross-functional projects, and recognition programs that reward collaboration. In 2024, Company implemented a new collaboration platform that facilitated better communication and knowledge sharing among teams, leading to a 15% increase in project completion rates.

Company's commitment to these core values is not just rhetoric; it is embedded in its business practices and culture. By living these values every day, Company seeks to create long-term value for its stakeholders and make a positive impact on the world.