Cummins announces plan to repurchase $2 billion in stock

Cummins Inc. has plans to repurchase $2 billion in stock. The Board of Directors on Tuesday authorized the company to repurchase the shares of common stock upon completion of its 2018 $2 billion share repurchase program.

Tom Linebarger, Cummins Chairman and CEO, says the repurchase program reinforces the company’s commitment to delivering strong returns to shareholders and reflects our confidence in Cummins’ long-term performance.