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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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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.

Ford Motor Company

Suzuki Motor Corp

Several auto stocks are starting to stand out as new additions to the Zacks Rank #1 (Strong Buy) list this week.

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Cummins (CMI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Cummins (CMI) Moves to Strong Buy: Rationale Behind the Upgrade

Here is how Cummins (CMI) and Honda Motor (HMC) have performed compared to their sector so far this year.

Is Cummins (CMI) Outperforming Other Auto-Tires-Trucks Stocks This Year?

Since I last covered Cummins with a hold rating in April, shares have dipped 12%. The company's net sales and adjusted diluted EPS fell modestly in Q1, but the fundamentals arguably remain intact. Cummins' already impressive financial health is improving.

Cummins: This Dividend Grower Is Now A Buy Again

SAN DIEGO, June 12, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP is investigating potential claims on behalf of Cummins Inc. (NYSE: CMI) against certain of its officers and directors to hold them responsible for damages they allegedly caused the company to suffer.

Cummins, Inc. Long-Term Shareholder Announcement: Johnson Fistel, LLP Encourages Investors to Reach Out For More Information

Cummins has consistently achieved double-digit annual returns and dividend growth in a cyclical industry. Since January 2004, CMI shares have returned 17.6% annually, outperforming the S&P 500. Despite a decline in manufacturing demand, Cummins' shares have risen 11% since February 8, showcasing its resilience.

10-12% Annual Returns? Why Cummins Could Be Your Next Dividend Champion

Packaging Corp of America

Public Storage

Many investors closely monitor insider buys, as they can provide a high level of confidence and conviction.

Insiders are Buying These 3 Stocks

PACCAR

COLUMBUS, Ind. & PORTLAND, Ore. & BELLEVUE, Wash.--(BUSINESS WIRE)-- #cummins--Accelera by Cummins, the zero-emissions business unit of Cummins Inc. [NYSE: CMI], Daimler Trucks & Buses US Holding LLC [a Daimler Truck Group Company; DAX: DTR0CK; “Daimler Truck”] and PACCAR [NASDAQ: PCAR] have completed the formation of their joint venture, now known as Amplify Cell Technologies, to localize battery cell production and the battery supply chain in the United States. This strategic collaboration will adva.

Accelera by Cummins, Daimler Truck and PACCAR Complete Battery Joint Venture Transaction to Form Amplify Cell Technologies and Names New CEO

COLUMBUS, Ind.--(BUSINESS WIRE)-- #cummins--Cummins-Meritor®, a leading provider of integrated drivetrain solutions, today announced the return of their live, in-person aftermarket parts training sessions, open to technicians nationwide. The 2024 Regional Training program focuses on maintenance and repair of heavy-duty commercial vehicle brakes, including both cam and air disc brake systems. From June through November, training events will be hosted across 14 cities in the United States: Lakeland, FL, Atl.

Cummins-Meritor Regional Brake Training Events Return in 2024

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) announced today that Senior Vice President Tony Satterthwaite will retire, effective September 2024, after 36 years in leadership positions with the company. “Tony's more-than three decades of visionary leadership with Cummins have produced a lasting impact on our company and our people, helping lay the strong foundation that supports our future growth and success,” said Jennifer Rumsey, Chair and CEO, Cummins Inc. “Tony has been a leadi.

Tony Satterthwaite Retiring After Distinguished Career at Cummins

Air Products and Chemicals

New Linde PLC

Betting on hydrogen stocks to buy may seem unwise at this point. Green energy stocks have struggled in the past year or so due to broader market headwinds.

The 2030 Millionaire's Club: 3 Hydrogen Stocks to Buy Now

COLUMBUS, Ind.--(BUSINESS WIRE)-- #cummins--Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. [NYSE: CMI], has launched the next generation of several of its cutting-edge decarbonizing technologies that are shaping the future of clean transportation. New versions of its hydrogen fuel cell engines, a high efficiency eAxle, and its next-generation batteries are among the new products Accelera unveiled at this year's Advanced Clean Transportation (ACT) Expo on May 20 in Las Vegas. “Ac.

Accelera Launches Next-Gen Hydrogen and Electric Solutions for Commercial Vehicles

INDIANAPOLIS--(BUSINESS WIRE)--Today at the Indianapolis Motor Speedway (IMS), Cummins Inc. (NYSE: CMI) and Valvoline Global Operations celebrate Andrew McDougall – who was honored with the 2024 Louis Schwitzer Award for his Xtrac Electric Servo Actuator, which has been adopted by the NTT INDYCAR® SERIES. In addition to the award, Cummins, Valvoline Global, and the Indiana Section of the Society of Automotive Engineers (SAE) International presented Andrew McDougall with a $10,000 prize. Valvoli.

Andrew McDougall Named 2024 Louis Schwitzer Award Winner

COLUMBUS, Ind.--(BUSINESS WIRE)--At a meeting with analysts and shareholders today, members of the leadership team of Cummins Inc. (NYSE: CMI), shared the Company's plans to raise its long-term financial expectations, relative to its prior Analyst Day, and deliver increasing returns to shareholders. “Two years ago, we introduced Destination Zero as our winning growth strategy. This is proving to be the right strategy for our customers, for the environment and for the continued growth of Cummins.

Cummins Raises Long-Term Financial Targets

SAN FRANCISCO , May 15, 2024 /PRNewswire/ -- Schubert Jonckheer & Kolbe LLP reminds Cummins Inc. investors that the firm is investigating potential legal claims arising from the company's role in an alleged scandal to violate vehicle emission standards. In December 2023, Cummins agreed to pay a record-setting $1.675 billion civil penalty with the U.S. Department of Justice, U.S. Environmental Protection Agency, and the State of California to resolve the allegations.

Cummins Inc. Investor Alert Reminder (NYSE: CMI): Schubert Jonckheer & Kolbe LLP Investigating Potential Claims Against the Company's Officers and Directors Following $1.675 Billion Civil Penalty

COLUMBUS, Ind.--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions. The updated release reads: ACCELERA BY CUMMINS AND ISUZU TO LAUNCH BATTERY-ELECTRIC F-SERIES IN NORTH AMERICA Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. (NYSE: CMI) today announced plans to launch a battery electric powertrain for Isuzu's F-series in North America. Availability of the medium-duty truck is expected in 2026 and will include Acc.

CORRECTING and REPLACING Accelera by Cummins and Isuzu to launch battery-electric F-series in North America

COLUMBUS, Ind.--(BUSINESS WIRE)--Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. (NYSE: CMI), and Isuzu Commercial Truck of America, Inc. today announced plans to launch a battery electric powertrain for Isuzu's F-series in North America. Availability of the medium-duty truck is expected in 2026 and will include Accelera's next generation lithium iron phosphate (LFP) battery technology. “Partnership and collaboration is critical to supporting customers through the ener.

Accelera by Cummins and Isuzu will Collaborate on Battery Packs for Light Duty Vehicles

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) and Isuzu Motors Limited (hereinafter “Isuzu”), a leading global truck manufacturer headquartered in Japan, are launching a new 6.7-liter engine jointly developed by the two companies, designed for use in Isuzu's new medium-duty truck lineup. The “Isuzu DB6A” will power on-highway truck applications built for the Japanese market and will be available for the Asia Pacific markets and other global markets later this year. The engine will b.

Cummins and Isuzu Motors Limited Introduce New 6.7-Liter Engine for Japan, Southeast Asia and Other Global Markets

The new Cummins lease further solidifies Mohr Logistics Park's status as a blue-chip industrial park WHITELAND, Ind. , May 9, 2024 /PRNewswire/ -- Mohr Capital has secured a lease for more than 1 million square feet at Mohr Logistics Park with Cummins Inc (NYSE: CMI).

Mohr Logistics Park signs 1 million square foot lease with Cummins Inc.

COLUMBUS, Ind.--(BUSINESS WIRE)-- #cummins--Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. [NYSE: CMI], is collaborating with BMC Otomotiv, a leading manufacturer of buses and trucks in Turkey and throughout Europe, to provide battery solutions for their transit bus operations. The companies have signed a letter of intent (LOI) for Accelera to power BMC's city buses. This marks the first time the BP97E, Accelera's latest nickel manganese cobalt (NMC) battery pack, will be used i.

Accelera Battery System to Power BMC Otomotiv Electric Transit Buses in Europe

Hyster-Yale Materials Handling

Global X Hydrogen ETF

The Global X Hydrogen ETF (NASDAQ: HYDR ) was launched on July 12, 2021. The ETF included hydrogen stocks to buy that were benefiting from the global hydrogen industry.

Stock Market Crash Alert: 3 Must-Buy Hydrogen Stocks When Prices Plunge

For full-year 2024, Cummins (CMI) expects revenues to decline 2-5% year over year. It expects EBITDA margins in the range of 14.5-15.5% of sales.

Cummins (CMI) Q1 Earnings Miss, Fall Y/Y, Sales Top Estimates

Cummins Inc. (NYSE:CMI ) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Chris Clulow - Vice President, Investor Relations Jennifer Rumsey - Chair & Chief Executive Officer Mark Smith - Chief Financial Officer Conference Call Participants Steve Volkmann - Jefferies Jerry Revich - Goldman Sachs Nicole DeBlase - Deutsche Bank David Raso - Evercore ISI Angel Castillo - Morgan Stanley Tami Zakaria - JPMorgan Rob Wertheimer - Melius Research Noah Kaye - Oppenheimer Jamie Cook - Truist Securities Jeff Kauffman - Vertical Research Operator Greetings and welcome to Q1 2024 Cummins Inc. Earnings Conference Call. At this time, all participants are in a listen-only mode.

Cummins Inc. (CMI) Q1 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Cummins (CMI) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Cummins (CMI) Reports Q1 Earnings: What Key Metrics Have to Say

Cummins (CMI) came out with quarterly earnings of $5.10 per share, missing the Zacks Consensus Estimate of $5.11 per share. This compares to earnings of $5.55 per share a year ago.

News for Cummins Stock (CMI)