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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

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Cummins

Cummins, Inc. designs, manufactures and markets diesel and natural gas engines. It operates through the following segments: Engine, Distribution, Components, Power Systems, and New Power. The Engine segment manufactures and markets diesel and natural gas-powered engines under the Cummins brand name, for the heavy- and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets. The Distribution segment consists of parts, engines, power generation and service, which service and distribute its products and services. The Components segment supplies products such as, aftertreatment systems, turbochargers, transmissions, filtration products, electronics and fuel systems for commercial diesel, and natural gas applications. The Power Systems segment engages in power generation, industrial and generator technologies. The New Power segment designs, manufactures, sells and supports hydrogen production solutions, as well as electrified power systems ranging from fully electric to hybrid along with components and subsystems, including battery and fuel cell technologies. The company was founded by Clessie Lyle Cummins and William Glanton Irwin on February 3, 1919, and is headquartered in Columbus, IN.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q1 2023

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Earnings data Q4 2024

Cummins reports robust Q4 earnings, eyes sustainability and innovation

Cummins' strong financial performance in Q4 2022 and full-year results reflect consistent growth and strategic execution.
The company's focus on clean energy technologies, investments in new power solutions, and market positioning provide a solid foundation for future success.
While facing challenges in interest expenses and market dynamics, Cummins has opportunities to drive growth through innovation, operational efficiency, and global market trends.
Overall, Cummins remains optimistic about its future prospects, emphasizing sustainability, profitability, and meeting evolving customer needs in the e-mobility space.

Cummins reports record Q1 revenues, raises full-year forecast

Cummins reported robust Q1 performance with record revenues and raised full-year forecast. The company faces challenges related to margin impact and legal discussions on emission systems. Opportunities exist in expanding into the rail market and focusing on operational efficiencies and new technologies.

Cummins reports record Q2 revenues, eyes growth amidst market challenges

Cummins delivered strong financial performance with record revenues and growth in key segments.
While facing market challenges and uncertainties, the company maintains a focus on profitability and growth.
Opportunities lie in balancing pricing strategies, investing in sustainable solutions, and managing costs.
Overall, Cummins' outlook for 2023 and 2024 remains stable amidst market dynamics.

Cummins reports robust Q3 earnings, eyes growth amid challenges

Cummins' Q3 2023 performance reflects strong revenue growth, operational efficiency, and strategic financial management.
While facing challenges like supply constraints and market softening, the company is focused on innovation, cost reduction, and profitable growth.
Opportunities in market expansion, product launches, and continued investments position Cummins for sustained growth and shareholder value creation.

Cummins posts record revenues in Q4 2023 amid market challenges

Cummins delivered strong financial results in Q4 2023, with record revenues and a focus on clean energy technology. Despite market challenges and uncertainties, the company remains committed to optimizing operations and investing in growth areas like data centers and electrolyzers.

Cummins reports stable Q1 earnings, eyes growth through new technologies

Cummins delivered solid financial performance in Q1 2024, with a focus on innovation, margin improvement, and shareholder returns. While facing challenges in market dynamics and supply chain issues, the company is strategically positioned to capitalize on opportunities in new technologies and regulatory changes. Cummins' proactive approach to investments and business optimization sets a strong foundation for future growth.

Cummins achieves record revenues in Q2 2024, focuses on sustainability

Cummins reported strong Q2 2024 results with record revenues and improved profitability, driven by strategic partnerships and operational efficiencies.
While facing challenges in international markets and external uncertainties, Cummins remains focused on innovation and sustainability initiatives.
Opportunities lie in revenue growth through market expansion, product diversification, and investment in sustainable technologies for future success.
Overall, Cummins' performance reflects resilience and adaptability in navigating market complexities and driving sustainable growth.

Cummins reports mixed Q3 performance, eyes growth in international markets

Cummins reported a mixed performance in Q3 2024 with revenue outlook consistent with prior guidance but improved EBITDA guidance.
The company demonstrated strengths in international revenue growth, strong power generation sales, and shareholder returns.
Challenges were seen in certain segments and operational performance, with opportunities identified in specific market segments and R&D investments.
Analyst questions highlighted key areas of concern and potential focus for future strategic decisions.

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Cummins, Inc. engages in the design, manufacture, and distribution of 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, axles, drivelines, brakes, suspension systems, electric power generation systems, batteries, electrified power systems, hydrogen production technologies, and fuel cell products. It operates through the following segments: Engine, Distribution, Components, Power Systems, and Accelera. The Engine segment manufactures and markets diesel and natural gas-powered engines under the Cummins brand name, for the heavy- and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets. The Distribution segment includes power generation systems, high-horsepower engines, heavy-duty and medium-duty engines designed for on- and off-highway use, application engineering services, custom-designed assemblies, retail and wholesale aftermarket parts, and in-shop and field-based repair service. The Components segment supplies products including axles, drivelines, brakes and suspension systems for commercial diesel and natural gas applications, aftertreatment systems, turbochargers, fuel systems, valvetrain technologies, filtration products, automated transmissions, and electronics. The Power Systems segment engages in power generation, industrial, and generator technologies. The Accelera segment designs, manufactures, sells, and supports hydrogen production technologies, as well as electrified power systems, including battery, fuel cell, and electric powertrain technologies. The company was founded by Clessie Lyle Cummins and William Glanton Irwin on February 3, 1919 and is headquartered in Columbus, IN.

Cummins stock price has rallied since the start of June, with its power generation solutions being a possible catalyst in a warming environment. CMI's strong performance is supported by a robust balance sheet, a 2.6% dividend yield, and positive long-term outlook driven by electrolization and truck fleet modernization. Risks include potential slower-than-expected demand from China and competition from alternative power generation sources, but CMI's A+ credit rating and strong financials provide a safety net.

Cummins: Forget The AI-Rally, Buy The Heat Rally

Does Cummins (CMI) have what it takes to be a top stock pick for momentum investors? Let's find out.

Cummins (CMI) Is Up 2.59% in One Week: What You Should Know

PACCAR

PACCAR (PCAR) and Cummins (CMI) raise their quarterly payouts by 8% and 7%, respectively. Backed by solid prospects and investor-friendly movies, both stocks are worth placing your bets on.

2 Auto Stocks With Recent Dividend Hikes Worth Buying

Jennifer Rumsey, who became CEO of engine maker and technology provider Cummins Inc. a year ago, also will chair the company following the retirement of her mentor and vocal fan, Tom Linebarger. The mutual admiration between the two played out again Wednesday with the announcement that Rumsey would succeed Linebarger Aug. 1 as chair of the board of the Columbus, Indiana-based Tier 1 supplier.

Rumsey succeeds Linebarger as chair of Cummins

Cummins presents a compelling investment opportunity as the US economy is performing much better than expected. The spending of the construction industry continues to trend up, which should drive the demand for trucks and construction equipment. Thanks to the favorable backdrop, the latest earnings demonstrated strong growth in both the top and the bottom line.

Cummins: Still Cheaply Priced

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) announced today its Board of Directors has unanimously elected Cummins President and Chief Executive Officer (CEO) Jennifer Rumsey to Chair of the company's Board of Directors, effective August 1, 2023. Rumsey succeeds Tom Linebarger, who is retiring from both of his Cummins positions as Executive Chairman and Chairman of the Board, effective July 31, 2023. Rumsey was first appointed to the Cummins Board of Directors in February 2022 and.

Jennifer Rumsey Named Chair of the Cummins Board of Directors Following Retirement of Tom Linebarger

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After years of a low interest rate environment, which has been trending higher over the last year, many investors have turned to equities not only for the growth potential but also for solid and dependable dividends that help to provide an income stream.

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The Taxable Account generated $2,111.31 of dividend income for June 2023 compared with $1,825.40 of dividend income for June 2022. The Taxable Account had a balance of $533.9K as of June 30, 2023, vs. $493.5K on June 30, 2022. The annualized cost basis yield is 5.44%. Five companies in the Taxable portfolio paid increased dividends or paid a special dividend during the month of June.

The Retirees' Dividend Portfolio: John And Jane's June 2023 Taxable Account Update

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SACRAMENTO, Calif. — Some of the nation's largest truck makers on Thursday pledged to stop selling new gas-powered vehicles in California by the middle of the next decade, part of an agreement with state regulators aimed at preventing lawsuits that threatened to delay or block the state's emission standards.

Truck makers pledge to comply with new California rules phasing out gas-powered vehicles

California state air regulators and truck and engine manufacturers said on Thursday they had reached an agreement on state emissions rules that will give companies more flexibility to meet requirements.

California, truck manufacturers strike deal on emissions rules

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The S&P 500 witnesses its best month since October and is heading toward another strong month. Royal Caribbean (RCL), Palo Alto Networks (PANW), Cummins (CMI), Lennar (LEN) and Trane Technologies (TT) could be solid picks.

5 Top-Ranked S&P 500 Stocks to Buy in July

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Cummins (CMI) have what it takes?

Cummins (CMI) Could Be a Great Choice

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June ended with a bang from a dividend increase perspective. Now, it is time to make sure July delivers, too. Dividends are the foundation of our goal to reach financial freedom. We continuously invest in dividend growth stocks to grow our passive income. In 2023, with high inflation, bank runs and other major events, buying undervalued dividend stocks that increase your dividend is as crucial as ever.

7 Expected Dividend Increases In July 2023

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) has announced the buyout of Air Liquide's 19% interest in Hydrogenics Corporation. Cummins acquired Hydrogenics in 2019, adding key fuel cell and electrolyzer technologies to its portfolio. Cummins' buyout reinforces its commitment to these technologies and the increasing importance they will play in creating value for all stakeholders and decarbonizing our world. This move enables continued investment and growth in hydrogen technologies.

Cummins Assumes Full Ownership of Key Fuel Cell and Electrolyzer Technologies

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Although the idea of acquiring the highest-yielding enterprises seems lucrative, investors right now should arguably focus on safe dividend stocks to buy. These securities often undergird consistently profitable companies that enjoy revenue predictability.

7 Safe Dividend Stocks for Investors to Buy Right Now: June 2023

Cummins continues to see a solid operating performance as it makes a gradual transition to electronic and emission-reduced engines. While the company still has a long way to go in its transition, initial signs are encouraging. I like Cummins here amidst quite a few moving parts, a reasonable valuation multiple, and a proactive stance to the transition.

Cummins: Powering Its Engines

COLUMBUS, Ind.--(BUSINESS WIRE)--Today, Cummins Inc. (NYSE: CMI) announced a new line of Onan RV and Commercial Mobile generators compliant with California Air Resource Board (CARB) Small Off-Road Engines (SORE) 2024 standards. The current spark-ignited product portfolio will be certified to the new regulations. The Onan Quiet Gas portfolio has undergone some mechanical changes and engine calibration adjustments to reach the significant emissions reductions targets. Cummins is also introducing.

Cummins Brand of RV Generators are Ready for CARB SORE 2024 Emission Change

Cummins Inc. is a trusted dividend growth stock in the cyclical engine production industry, with 17 years of consecutive dividend growth and a payout ratio of less than 34%. The company has outperformed both the market and its industrial sector peers, with shares returning 16.4% per year since 1999 and a five-year average annual dividend growth rate of 7.8%. Despite a more mature engine market and economic challenges, Cummins is benefiting from unexpected tailwinds that could enhance growth when cyclical demand returns.

Recession? Tailwinds? How Attractive Is Cummins' 3% Yield?

Cummins Inc. (NYSE:CMI ) Deutsch Bank 14th Annual Global Industrials & Materials Summit Conference Transcript June 7, 2023 2:00 PM ET Executives Tony Satterthwaite - Vice Chairman Chris Clulow - Head, Investor Relations Analysts Nicole DeBlase - Deutsche Bank Nicole DeBlase Okay. I think we are live again.

Cummins Inc. (CMI) Management Presents at Deutsch Bank 14th Annual Global Industrials & Materials Summit Conference (Transcript)

Cummins (CMI) reported earnings 30 days ago. What's next for the stock?

Why Is Cummins (CMI) Down 8.9% Since Last Earnings Report?

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Many preferred stocks are now heavily discounted and offer high yields. Since real estate is well-known for its cash generation capabilities, REIT preferreds often offer better risk-to-reward. We discuss two REIT preferreds with yields above 8% for your consideration.

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