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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

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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 ) Q2 2022 Earnings Conference Call August 2, 2022 10:00 AM ET Company Participants Christopher Clulow - VP & Corporate Controller Thomas Linebarger - Executive Chairman Jennifer Rumsey - President, CEO & Director Mark Smith - CFO & VP Conference Call Participants Jerry Revich - Goldman Sachs Group Timothy Thein - Citigroup Jamie Cook - Crédit Suisse Noah Kaye - Oppenheimer Jeffrey Kauffman - Vertical Research Partners Matthew Elkott - Cowen and Company Robert Wertheimer - Melius Research Steven Fisher - UBS Operator Greetings, and welcome to the Q2 2022 Cummins Inc. Earnings Conference Call. [Operator Instructions].

Cummins, Inc. (CMI) CEO Jennifer Rumsey on Q2 2022 Results - Earnings Call Transcript

Cummins Inc. reported strong second-quarter earnings in North America while one-time charges and COVID lockdowns in China acted as a counterweight. The leading manufacturer of engines and power distribution equipment reported Q2 net income of $702 million compared to $600 million in the same quarter of  2021.

Cummins beats Q2 estimates as Rumsey takes over as CEO

Cummins (CMI) registers robust growth in its top and bottom lines in second-quarter 2022. Sales across all segments except the Components unit increase year over year.

Cummins (CMI) Q2 Earnings & Sales Beat Estimates, Rise Y/Y

Cummins (CMI) delivered earnings and revenue surprises of 9.15% and 1.68%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Cummins (CMI) Q2 Earnings and Revenues Top Estimates

Shares of Cummins Inc. CMI, -1.57% climbed 1.9% toward a near six-month high in premarket trading Tuesday, after the maker of diesel, natural gas and "new power" engines reported record second-quarter revenue and "solid" profit that rose above expectations, as demand outside of China remained strong. Net income increased to $702 million, or $4.94 a share, from $600 million, or $4.10 a share, in the year-ago period.

Cummins stock jumps after record revenue, 'solid' profit beat expectations amid strong demand in North America

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) today reported results for the second quarter of 2022. Second quarter revenues of $6.6 billion increased 8 percent from the same quarter in 2021. Sales in North America increased 15 percent while international revenues decreased 2 percent, driven primarily by a slowdown in China and the indefinite suspension of our operations in Russia. “The company achieved record revenues and solid profitability in the second quarter of 2022, with dema

Cummins Reports Second Quarter 2022 Results

Meritor

S&P Global

NEW YORK , Aug. 1, 2022 /PRNewswire/ -- AdaptHealth Corp. (NASD: AHCO) will replace Meritor Inc. (NYSE: MTOR) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, August 4. S&P 500 constituent Cummins Inc. (NYSE: CMI) is acquiring Meritor in a deal expected to be completed soon pending final closing conditions.

AdaptHealth Set to Join S&P SmallCap 600

The Zacks Consensus Estimate for Cummins' (CMI) Q2 earnings and revenues is pegged at $4.37 per share and $6.48 billion, respectively.

Why an Earnings Surprise is Likely for Cummins (CMI) in Q2

Boeing

Goodyear Tire & Rubber

Goodyear is making airless tires through 3-D printing, one example of additive manufacturing's rise among industrials from Boeing to Cummins.

From Boeing Starliner to Goodyear Tesla tire, 3-D printing is becoming manufacturing reality

COLUMBUS, Ind.--(BUSINESS WIRE)--Today, Cummins Inc. (NYSE: CMI), a global power technology leader announces an investment of $24M into VoltStorage, a leading technology company producing energy storage systems based on environmentally friendly redox flow technology. “Cummins is committed to developing a range of solutions that will enable our customers' success as we advance our Destination Zero strategy and decarbonize our diverse markets,” said Jennifer Rumsey, President and COO, Cummins Inc

Cummins collaborates with company pioneering energy storage technology to advance Destination Zero strategy

Allison Transmission Hlds

Rivian Automotive

Despite the multiple headwinds that the auto space is battling with, industry participants like CMI, ALSN and RIVN look poised to deliver Q2 earnings beat according to our proprietary model.

3 Auto Stocks Poised to Exceed Q2 Earnings Expectations

AGCO

DULUTH, Ga.--(BUSINESS WIRE)-- #AGCOIR--AGCO, Your Agriculture Company (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural equipment, infrastructure and precision ag technology, announced today that its Board of Directors has appointed Tim Millwood to succeed Hans-Bernd Veltmaat as Senior Vice President and Chief Supply Chain Officer effective August 15, 2022. Mr. Millwood joins AGCO following a more than thirty-year career at Cummins Inc (NYSE: CMI), a global power technology leader,

AGCO Announces Chief Supply Chain Officer Succession

Clorox

Morgan Stanley

Banking giant Morgan Stanley lifted its quarterly dividend by 11%, and Clorox, a maker of household products, edged up its quarterly dividend by 2%.

Morgan Stanley and 2 Other Companies Raised Their Dividends This Week

Jennifer Rumsey will succeed Tom Linebarger as CEO of Cummins Inc. next month. She is the first female and only the seventh CEO in the engine maker and power distribution company's 103-year history.

Cummins names Jennifer Rumsey as CEO to succeed Tom Linebarger

She succeeds long-time chief Tom Linebarger as the largest maker of diesel engines for trucks and heavy-duty vehicles looks to become a major player in electric and hydrogen-fueled commercial vehicles.

Cummins Promotes Jennifer Rumsey To CEO As Diesel Giant Seeks Cleantech Overhaul

Jennifer Rumsey, Cummins' president and chief operating officer since 2021, will be the first woman to lead the company in its long history.

Diesel Giant Cummins Names New CEO

--(BUSINESS WIRE)--Cummins Inc.: WHAT:   News conference announcing incoming CEO, Jennifer Rumsey as Cummins' seventh CEO, effective August 1.       WHO:   Tom Linebarger, Cummins Chairman and Chief Executive Officer     Jennifer Rumsey, Cummins President and COO       WHEN:   Thursday, July 14, 2022 at 1 p.m. – 1:45 p.m.       WHERE:   Cummins global headquarters (Columbus Office Building) 5th and Jackson St. Columbus, Indiana Zoom is also available: Phone:   US: +16465189805,,98722568218#,,,,

Jennifer Rumsey Promoted to President and CEO of Cummins

Baxter

Marsh & McLennan

Realty Income Corp

Phillips 66

Daily Dividend Report: Cummins, Marsh McLennan, Baxter International, Realty Income, Phillips 66

COLUMBUS, Ind.--(BUSINESS WIRE)--Today, Cummins Inc. (NYSE: CMI) announced the election of Gary Belske to its Board of Directors. “I am thrilled to add Gary to our Board of Directors,” said Tom Linebarger, Chairman and CEO, Cummins Inc. “Gary will enhance the strength of our board with his leadership experience, knowledge of a broad range of industries, and deep expertise in financial reporting that can augment the rigor and transparency of our financial processes.” Belske had a 38-year career

Cummins Elects Gary Belske to its Board of Directors

Cummins Inc. (CMI) is the featured stock from June's Dividend Growth Stocks Model Portfolio and offers excellent risk/reward.

Analyzing Cummins' Dividend Growth Potential

Cummins will report its annual dividend hike during July, hiking 7.4% in 2021. Management expects revenue will have grown from FY2021 $24 billion to above $40 billion by the end of this decade.

A Look At Cummins Before The Upcoming Dividend Hike

Cummins is a reliable dividend payer in the past decades. Shares of Cummins are attractively valued at the moment.

Cummins Is An Attractive Dividend Growth Investment

The trucking industry has been worried about skyrocketing diesel prices throughout much of 2022. They have warned about possible supply chain disruptions and have indicated they are shipping loads at losses if they can pass along fuel surcharges.

Cummins: Tough Times Create Opportunity

Avnet

Caterpillar

First Commonwealth Financial

Nucor

These are top low-tech stocks with good yields and buybacks. Investors can expect these stocks to provide better returns due to these features.

6 Low-Tech Stocks With Good Yields and Buybacks

Success in the ongoing energy transition will require development of an array of solutions to satisfy a variety of applications. One U.S. company, Cummins, is working to provide such solutions in the transportation sector.

News for Cummins Stock (CMI)