Revenue segments as reported by the company.

Engine

Distribution

Components

Power Systems

New Power

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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.

Outstanding Shares

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

Revenue Multiple

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

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 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' diluted EPS payout ratio should be around 37% this year, which provides the stock's dividend with a good cushion. Cummins' year-to-date revenue and diluted EPS have surged as a result of the ongoing COVID economic recovery.

Cummins: A SWAN You Can Buy With Confidence

COLUMBUS, Ind.--(BUSINESS WIRE)--Today, Cummins Inc. (NYSE: CMI) announced that Steph Disher has been named Vice President – Cummins Filtration, effective November 15. Disher began leading the Filtration business in August 2020, navigating the business during the global pandemic and related ongoing supply chain constraints. Through these challenges, the business consistently has delivered solid financial performance. Disher has led the business as Cummins explores strategic alternatives for it,

Cummins Inc. Names Steph Disher Vice President – Cummins Filtration

American Axle & Manufacturing Hlds

BorgWarner

Ford Motor Company

Honda

Magna International

Tsakos Energy Navigation Ltd

Toyota Motor

Chip-related headwinds like manufacturing inefficiencies and high raw material costs prompt companies like CMI, BWA, HMC, MGA, AXL and TEN to cut their full-year outlook.

Auto Roundup: Chip Crunch Crimps Firms' Near-Term Profit Projections

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) was named today one of 45 inaugural recipients of the Terra Carta Seal, an initiative led by the United Kingdom's Prince Charles to recognize businesses for their commitment to environmental sustainability and decarbonization. Inspired by the Magna Carta, the medieval document that remains an important symbol of liberty around the world, the Terra Carta is a recovery plan for the planet that serves as the guiding mandate for The Prince o

Cummins Receives the Prince of Wales' Terra Carta Seal for Commitment to a Sustainable Future

Cummins Inc. posted positive returns for all five of its business segments in Q3, but cost increases from the supply chain crisis led to downward revisions for full-year sales and profits. The Columbus, Indiana-based engine maker said Tuesday that Q3 revenues of $6 billion increased 17% year-over-year.

Cummins manages higher segment sales despite Q3 supply chain pain

Cummins Inc. (CMI) CEO Tom Linebarger on Q3 2021 Results - Earnings Call Transcript

Cummins Inc. (NYSE: CMI) reported third-quarter sales growth of 16.6% year-over-year to $5.97 billion, beating the consensus of $5.87 billion. Sales in North America increased 13% Y/Y while international revenues increased 22% Y/Y, driven by solid demand across all global markets outside China.

Cummins Reports Mixed Q3 Results, Margins Shrink, Cuts FY21 Outlook

Cummins (CMI) now expects 2021 revenues to witness year-over-year growth of 20% versus the prior guided range of 20-24%.

Cummins (CMI) Lags Q3 Earnings Estimates, Trims '21 View

Cummins (CMI) delivered earnings and revenue surprises of -9.52% and -0.52%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Cummins (CMI) Misses Q3 Earnings and Revenue Estimates

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) today reported results for the third quarter of 2021. Third quarter revenues of $6.0 billion increased 17 percent from the same quarter in 2020. Sales in North America increased 13 percent while international revenues increased 22 percent driven by strong demand across all global markets outside of China compared to the same quarter in 2020. “Demand remained strong in the third quarter as the global economy continued to improve, driving

Cummins Reports Third Quarter 2021 Results

Shares of Cummins Inc. CMI, +2.29% fell 1.4% in premarket trading Tuesday, after the auto engine power generation products company reported third-quarter profit that missed expectations while sales beat, and lowered its full-year outlook. Net income for the quarter to Oct. 3 rose to $534 million, or $3.69 a share, form $501 million, or $3.36 a share, in the year-ago period.

Cummins stock falls after profit missed expectations while sales beat, and full-year growth outlook lowered

Air Products and Chemicals

Ballard Power Systems

FuelCell Energy

Plug Power

Some countries see hydrogen as the fuel of the future.

Top Automakers Are Investing in Fuel Cells. Should You, Too?

American Electric Power Company

Con Ed

National Grid

Realty Income Corp

STORE Capital

Vanguard High Dividend Yield ETF

The stock market, specifically the S&P 500, still is high, is back firing on all cylinders, up over 200 points since the end of September. STOR almost has $10 billion in market capitalization, steadily growing over their 7 year period of being public.

Dividend Stock Watch List: Lanny's November 2021 Edition

Projected declines in revenues from all major segments as well as rising capex and R&D expenses are likely to have hurt Cummins' (CMI) performance during the third quarter.

Factors Shaping the Fate of Cummins (CMI) This Earnings Season

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) Chairman and CEO Tom Linebarger, which announced the company's support on October 1 for the climate change provisions of the reconciliation bill, today said he is pleased with the progress on both the Infrastructure, Investment and Jobs Act and the Build Back Better Act framework, and encourages Congress to pass the legislation quickly. Linebarger issued the following statement: “We are pleased with the progress that's been made on the I

Cummins Pleased With Progress on the Infrastructure, Investment and Jobs Act and Build Back Better Act and Encourages Congress to Pass These Historic Legislative Achievements to Address Climate Change

Fiat Chrysler

DETROIT--(BUSINESS WIRE)--Leading consumer rights law firm Hagens Berman today filed a class-action lawsuit against Fiat Chrysler (FCA) and Cummins on behalf of 600,000 owners and lessors of 2018 – 2020 Dodge RAM Heavy Duty Cummins-equipped diesel trucks containing a defective CP4 fuel injection pump. The lawsuit filed Oct. 22, 2021, in the U.S. District Court for the Eastern District of Michigan states that the defect poses an “imminent safety risk to the public,” leaving vehicle owners at ris

Hagens Berman: Consumers Sue Fiat Chrysler and Cummins for Defective Fuel Pump in Dodge RAM Heavy Duty Diesel Trucks

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) announced today it has been accepted into two influential groups advocating for climate action ahead of the global COP26 climate summit in Glasgow, Scotland (U.K.) starting Oct. 31. The Business Ambition for 1. 5°C campaign encourages companies to set robust emission reduction goals for greenhouse gases (GHGs) using science-based targets aligned to the 2015 Paris Climate Accords. By extension, Cummins has also been accepted into the Unit

Cummins Named to Key Climate Action Groups Ahead of COP26 Summit

Amgen

Enbridge

The highest inflation in 30 years has some investors worried about soaring interest rates and a stagflationary recession triggering a bear market. The good news is that runaway inflation is not likely, due to several demographic megatrends.

3 Wide Moat Dividend Blue-Chip Buys In Case Inflation Starts To Fly

Arcimoto

Nikola

Electrameccanica

Tesla

XPeng

While Honda (HMC) announces plans to go all-electric in China by 2030, ElectraMeccanica (SOLO) seals a deal with Bosch for repair and maintenance services for its flagship SOLO model.

EV Roundup: HMC EV Ambitions in China, SOLO-Bosch Partnership & More

Cummins Inc. (NYSE: CMI) unveiled a 15-liter natural gas engine for heavy-duty trucks, marking an important part of its strategy for its path to zero emissions. Cummins expects the expanding product lineup to help achieve its PLANET 2050 environmental goals.

Cummins Unveils 15-Liter Natural Gas Engine For Heavy-Duty Trucks

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) today announced that it will bring to market a 15-liter natural gas engine for heavy-duty trucks. The 15-liter natural gas engine is an important part of Cummins strategy for its path to zero emissions to go further, faster to reduce the greenhouse gas and air quality impacts of its products in a way that is best for its customers and all stakeholders. The strategy focuses on new powertrains including advanced diesel, natural gas, hydrog

Moving Heavy-Duty Trucking Down the Path to Zero Emissions

Our theme of Hydrogen Economy Stocks, which includes the stocks of U.S. listed companies that sell hydrogen fuel cells, related renewable energy equipment, and supply hydrogen gas, has declined by about 16% year-to-date, compared to the S&P 500 which is now up by almost 17% over the same period.

Cummins, FuelCell Energy: Hydrogen Stocks Continue To Underperform. Should You Invest?

Cummins Inc. (NYSE: CMI) will be launching a set of software features to integrate its powertrains with Automated Driving System (ADS) technologies. Cummins collaborates with multiple ADS technology companies to refine the solutions for commercial markets.

Cummins Plans To Launch Software Features To Integrate Powertrains With ADS Technologies

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI), a global power technology leader, will be launching a set of software features to integrate its powertrains with Automated Driving System (ADS) technologies. Cummins is a market leader in delivering powertrains that provide leading performance and fuel economy through the integration of hardware and software. With these new software features, Cummins will extend these core capabilities into the ADS space as well. Cummins is positioned t

Cummins Collaborates Across Autonomous Vehicle System Providers to Offer Leading Powertrain Solutions

DuPont de Nemours

New Linde PLC

When one of the world's largest oil and gas producers commits to investments of more than $11 billion to develop hydrogen fuel, it is probably time to pay attention.

News for Cummins Stock (CMI)