Linebarger praises employee response to pandemic on news program

Chairman and CEO Tom Linebarger at his desk Indianapolis. Like many Cummins employees he's working remotely during the COVID-19 crisis.
Chairman and CEO Tom Linebarger at his desk Indianapolis. Like many Cummins employees he's working remotely during the COVID-19 crisis.

Chairman and CEO Tom Linebarger praised Cummins employees around the world for meeting the challenges presented by the COVID-19 pandemic during an appearance on a business news program in the company’s headquarters state of Indiana.

“It won’t surprise you that our employees have stepped up in every respect,” Linebarger told host Gerry Dick of the program Inside Indiana Business, which ran on various television stations in the state over the weekend.

Linebarger cited employees across the company who are helping to power key institutions like hospitals and grocery stores  as well as the food distribution network. He also praised Cummins’ employees working in company plants for changing the way they work to maintain social distancing and other steps to maintain a safe work environment.

He also credited employees working to see if the company can help address the crisis in new and creative ways, such as the partnership between Cummins and Dupont announced earlier this month to use filtration media to produce the N95 respirator masks critical to protect healthcare professionals from the virus. Finally, Linebarger said employees are stepping up to address the COVID-19 crisis in their own communities, by supporting agencies and initiatives addressing health care, child care, poverty, education and more. 

It’s hard to overstate the significant impact Cummins products are playing around the world right now. The company helped power the construction equipment that played a key role in China’s response and recovery. Generators are helping to power hospitals popping up in Europe to address the peak of the coronavirus. Company technicians are working to keep generators in service at existing hospitals around the world including in New York City. And Cummins engines are powering many of the trucks restocking grocery stories with food and transporting medicine and medical equipment in nearly every part of the world.

‘’This is an incredibly severe crisis, as you stated,” Linebarger told the program host. “The healthcare crisis is overwhelming, and for a lot of our healthcare workers on the front lines this is just an overwhelming challenge. And I think economically, it’s a big challenge and companies like ours are trying to figure out ways to protect the health of our employees and our communities and still find ways to make sure we’re a sustainable enterprise because the economy and our communities will need us as the health crisis begins to wane.”

He said steps such as suspending production and reductions in pay are terribly difficult, especially at a company with a proud history like Cummins’. But he said he believes they are unfortunately necessary to maintain the health of the company, so it can be ready when the crisis is over, and communities are ready to get back to work.

Cummins India Limited Results for the quarter ended June 30, 2022

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Pune, India: Cummins India Limited (NSE: CUMMINSIND) The Board of Directors of Cummins India Limited (CIL), at their meeting held today, reviewed and approved the financial results for the quarter ended June 30, 2022. 


Performance Highlights (based on standalone financial results) for the quarter ended June 30, 2022:
 

•    Total Sales for the quarter at ₹ 1,657 Cr. increased by 42% compared to the same quarter last year and by 13% compared to the previous quarter.
•    Domestic sales at ₹ 1,172 Cr. increased by 36% compared to the same quarter last year and by 12% compared to the previous quarter.
•    Exports Sales at ₹ 485 Cr. increased by 58% compared to the same quarter last year and by 14% compared to the previous quarter.
•    Profit before exceptional items and tax at ₹278 Cr. is higher by 63% compared to the same quarter last year and higher by 14% compared to the previous quarter.
•    Profit before tax at ₹264 Cr. is lower by 13% compared to the same quarter last year and higher by 8% compared to the previous quarter.
 

Ashwath Ram, Managing Director, Cummins India Limited, said: 
 

The new fiscal year started positively with strong demand from most end markets. GST monthly collections, higher highway construction annual targets, and increased consumption of petroleum products reaffirms the strength of underlying trade activities. Geopolitical risk, high inflation, and supply chain disruptions continue to pose challenges. Cummins India can effectively meet demand despite these issues due to its integrated supply chain management with a global network. While we effectively deal with challenges and closely monitor any potential impact of rising interest rates on the demand, we remain optimistic about the short to medium-term demand outlook. 

Future Outlook:
 

The company believes that the strong demand from various end markets may likely sustain. At the same time, high inflation and supply chain issues will, in all probability, continue to impact the industry. The company, being part of the globally integrated supply chain, is well positioned to manage parts supplies to mitigate the impact on revenue and profitability. We are closely monitoring the result of the geopolitical events unfolding in different parts of the world and their impact on global demand and supply chain. Considering the uncertainty, the company will not provide any guidance for FY 23.
 


About Cummins India Limited 


Cummins India Limited, part of the Cummins Group in India, is headquartered in Pune since 1962 and is the country's leading manufacturer of diesel and natural gas engines for power generation, industrial and automotive markets. Cummins India Limited has a country-wide network of 20 dealerships with over 450 service points that provides products, services, and after-market solutions for uptime of Cummins equipment and engines to customers in India, Nepal, and Bhutan. 
 

About Cummins Group in India:
 

Cummins in India, a power leader, is a group of complementary business units that design, manufacture, distribute, and service engines and related technologies, including fuel systems, air handling, filtration, emission solutions, and electrical power generation systems. Its technology and pioneering initiatives are bringing innovative solutions and dependable services at the best possible value to users across the country. Its high-performance outlook is based on customer focus, integrity, and capability of its people. Part of the $19.8 billion Cummins Inc. USA. Cummins in India is a Group of seven legal entities across 200 locations in the country with a combined turnover of ₹17,900 crores in 2021 and employing over 10,000 individuals. Learn more at cummins.com.

Cummins salutes its star dealers in U.K. and Ireland for their exceptional performance

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Cummins, a global power leader, has bestowed prestigious awards to three of its dealers in the UK and Ireland.

The trio – Vasi Southern Ltd, Universal Components UK Ltd and CSL Power Systems Ltd – were recognised for their outstanding focus on customer satisfaction and for delivering exceptional performance and results.

Relating to the 2021 calendar year, the awards cover a period when the UK and Irish economies were still coming to terms with the disruption caused by the Covid pandemic.

Customers of Cummins, spread across a variety of business sectors, looked to their local dealer to provide the continuity of service that was essential if they were to trade through the toughest of times.

All three Cummins award winners demonstrably went above and beyond what their customers were expecting.

Vasi Southern Ltd is an approved parts and service dealer based in the port city of Southampton. It specialises in marine engines and Onan generator sets. The company won the same award in 2020 and its back-to-back success was down to a commitment to increasing revenue and achieving all of its key performance targets.

Simon Green – Vasi Southern Ltd
Simon Green – Vasi Southern Ltd

Universal Components UK Ltd is an approved parts dealer based in Barnsley, South Yorkshire. In 2021, it achieved the highest sales growth by any dealer within the Cummins UK and Ireland network. Its strategic stockholding meant the business could ride out supply challenges while continuing to target new markets and geographical locations.

Rick Lewis & Stuart Ponsonby – Universal Components
Rick Lewis & Stuart Ponsonby – Universal Components

CSL Power Systems Ltd, based in Kent with additional resource availability nationwide is an approved Power Generation sales and service dealer. The company is a specialist in the installation and maintenance of industrial generator sets, including units for banks and commercial buildings.

Kurt Gozzett & Todd Trent – CSL Power Systems
Kurt Gozzett & Todd Trent – CSL Power Systems

As well as achieving all its key performance targets, CSL Power Systems Ltd demonstrated a clear desire to grow its operations, proactively promoting the Cummins product.

Graham Cook, Cummins’ Dealer Manager for UK and Ireland, praised the award-winning dealers for their commitment, commenting: “Our authorised dealers throughout the UK and Ireland form an integral part of our sales network. Vasi Southern, Universal Components and CSL Power Systems demonstrated their commitment and capabilities through 2021, further strengthening the channel, maximising profitable aftermarket growth, and delivering excellent customer support.

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