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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

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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, Inc. (NYSE:CMI ) Barclays 2023 Industrial Select Conference February 23, 2023 10:55 AM ET Company Participants Jeff Wiltrout - Vice President, Corporate Strategy Christopher Clulow - VP of Investor Relations Conference Call Participants Adam Seiden - Barclays Adam Seiden My name is Adam Seiden. I'm the U.S. machinery construction head here at Barclays.

Cummins, Inc. (CMI) Presents at Barclays 2023 Industrial Select Conference (Transcript)

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The IPO market was quieter than expected this past week. Both deals on the calendar delayed, and there was no wave of post-Presidents' Day launches. With no large post-Presidents' Day launches this past week, six small companies are scheduled to list in the week ahead.

U.S. IPO Weekly Recap: No IPOs, But Pipeline Gets A $350 Million Pick Up From Cummins Spin-Off Atmus

Cummins Inc. (NYSE:CMI ) Citi's 2023 Global Industrial Tech & Mobility Conference February 21, 2023 10:30 AM ET Company Participants Chris Clulow - VP, IR Jeff Wiltrout - Corporate Strategy Conference Call Participants Tim Thein - Citi Tim Thein We're moving along here. Thanks, everyone, for coming out.

Cummins Inc. (CMI) Presents at Citi's 2023 Global Industrial Tech & Mobility Conference (Transcript)

This article was produced and syndicated by Wealth of Geeks.

Engine Play: Cummins Cranks Up Carbon Filter Spin-Off Atmus in $100 million IPO

FRIDLEY, Minn.--(BUSINESS WIRE)--Today, Cummins Inc. (NYSE: CMI) announces the addition of 175kW and 200kW natural gas standby generator sets now ready to order for North American customers. These two new generator sets are a part of Cummins continual investment in new and sustainable technologies as part of Destination Zero, the company's strategy to reach zero emissions across its products.

Cummins adds new 175kW and 200kW natural gas generator sets to North America lineup

COLUMBUS, Ind.--(BUSINESS WIRE)-- #cummins--The RESILIENT READERS BOOK CLUB is a school age book gifting initiative, created by the nationally renowned The 15 White Coats and Black Worldschoolers Mobile Bookstore to provide access to high quality Black literature through book boxes placed inside of youth centered organizations. The Indianapolis launch is made possible by global power leader Cummins Inc., through its Cummins Advocating for Racial Equity (CARE) initiative.

The 15 White Coats Partners with Black Worldschoolers Mobile Bookstore, Powered by Cummins, to Bring African-American Literature to Martindale-Brightwood Schools

Cummins Inc.'s CMI, -2.40% filtration business filed a registration statement for an initial public offering Tuesday. The Atmus Filtration Technologies business is looking to list on the New York Stock exchange under the ticker symbol “ATMU.

Cummins sees its Atmus Filtration business file for an IPO

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) today announced that its Filtration business, Atmus Filtration Technologies, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") for a proposed underwritten initial public offering (IPO) of newly issued common stock. Atmus Filtration Technologies intends to apply to have its common stock listed on the New York Stock Exchange (NYSE) under the symbol ATMU.

Cummins Announces Filing of IPO Registration Statement for Filtration Business

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) announced today that three leaders were named vice presidents, effective March 1 – Jane Beaman, Andreas Lippert and José Samperio. These appointments showcase the company's robust succession plans and approach to leadership advancement for continued company development and success.

Cummins promotes three leaders to vice president

DAVENTRY, England--(BUSINESS WIRE)-- #cummins--Today, Cummins Inc. (NYSE: CMI) announces its ISL9 diesel engine is now available up to 540 horsepower for military ground vehicles. The ISL9 is already proven in a wide variety of equipment; commercial on and off-highway and military vehicles like armoured personnel carriers, infantry fighting vehicles and logistical trucks.

Cummins announces new 540 horsepower L9 for defence applications

FAURECIA AND CUMMINS IN EXCLUSIVE NEGOTIATIONS REGARDING THE POTENTIAL SALE OF A DESIGNATED PART OF FAURECIA'S COMMERICAL VEHICLE EXHAUST BUSINESS IN EUROPE AND THE UNITED STATES

Cummins delivered record revenue and earnings in 2022. CMI has substantially outperformed the S&P 500 over the past 3 years.

Cummins Is Thriving

Cummins Inc. will retire its L9 and X12 legacy engines, replacing them with a new X10 engine capable of powering medium- and heavy-duty trucks on a variety of fuels. The move is consistent with Cummins' plan to offer its X15 engine family powered by natural gas, hydrogen, propane and possibly other combustible fuels as an interim solution along with zero-emission battery- and fuel cell-electric powertrains.

Cummins replaces 2 legacy engines with new X10 powertrain

The New Power division at Cummins Inc. probably won't break even before interest, taxes, depreciation and amortization before 2027. But when it does, it may never look back.

Cummins sees billions from its hydrogen electrolyzer business

Engine maker Cummins Inc. tracks with OEM projections for solid North American demand for new trucks for at least the first half of 2023. If the Chinese market recovers, look for a possible profit spike.

Cummins on board for solid '23 in truck equipment

The stock price of Cummins Inc. (CMI) fell by 2.03% in the most recent trading session. This is why.

CMI Stock: 2.03% Decrease Explanation

Going forward, Cummins (CMI) clings to its existing plan of paying back almost 50% of its operating cash flow to its shareholders.

Cummins' (CMI) Q4 Earnings Miss Estimates, Surges Y/Y

Cummins Inc. (NYSE:CMI ) Q4 2022 Results Conference Call February 6, 2023 10:00 AM ET Company Participants Chris Clulow - VP, IR Jennifer Rumsey - President and CEO Mark Smith - CFO Conference Call Participants Jerry Revich - Goldman Sachs Jamie Cook - Credit Suisse Stephen Volkmann - Jefferies David Raso - Evercore ISI Rob Wertheimer - Melius Research Nicole DeBlase - Deutsche Bank Matt Elkott - Cowen Noah Kaye - Oppenheimer Tami Zakaria - JPMorgan Michael Feniger - Bank of America Operator Greetings, and welcome to the Cummins Inc. Fourth Quarter 2022 Earnings Conference. At this time, all participants are on a listen-only mode.

Cummins Inc. (CMI) Q4 2022 Earnings Call Transcript

Although the Q4 results and outlook have Cummins (NYSE: CMI) shares moving lower in the wake of the release, the indications suggest the stock can move higher. Not only is the trend in the stock price still up, but that trend is supported by results and institutional activity and, to a lesser extent, the analysts.

Can Cummins Power To A New High?

Cummins Inc. posted strong fourth-quarter results and it set records in several financial metrics in 2022 as the engine maker integrated billions of dollars of acquisitions including taking over Meritor Inc. Revenue of $7.8 billion in the last three months of 2022 was 32.2% above Q4 of 2021. It topped analyst estimates by $590 million, according to investor site Seeking Alpha.

Cummins posts record 2022 results as it integrates Meritor business

Cummins (CMI) delivered earnings and revenue surprises of -3% and 5.60%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Cummins (CMI) Lags Q4 Earnings Estimates

Shares of Cummins Inc. CMI, -0.16% tacked on 0.4% in premarket trading Monday, after the engines and powertrains maker reported fourth-quarter sales that rose above expectations and provided an upbeat outlook. Net income jumped to $631 million, or $4.43 a share, from $394 million, or $2.73 a share, in the year-ago period.

Cummins beats sales expectations and provides upbeat outlook, and stock gains

COLUMBUS, Ind.--( BUSINESS WIRE )--Cummins Inc. (NYSE: CMI) today reported fourth quarter and full year 2022 results.

Cummins Reports Strong Fourth Quarter and Full Year 2022 Results

The Zacks Consensus Estimate for Cummins' (CMI) Q4 earnings per share and revenues is pegged at $4.66 and $7.36 billion, respectively.

A Peek Into Key Predictions Ahead of Cummins (CMI) Q4 Earnings

Cummins (CMI) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

News for Cummins Stock (CMI)