Cummins Inc ( (CMI) ) has released its Q1 earnings. Here is a breakdown of the information Cummins Inc presented to its investors.
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Cummins Inc., a global leader in power solutions, operates across five business segments, including Engine, Components, Distribution, Power Systems, and Accelera by Cummins, with a focus on sustainability and energy transition. The company is headquartered in Columbus, Indiana, and employs approximately 69,600 people worldwide.
In the first quarter of 2025, Cummins Inc. reported revenues of $8.2 billion, marking a 3% decline from the previous year. The company achieved a GAAP net income of $824 million, translating to a diluted EPS of $5.96. Despite the revenue dip, the Power Systems Segment delivered record performance, contributing significantly to the company’s results.
Key financial metrics for the quarter included an EBITDA of $1.5 billion, or 17.9% of sales, down from $2.6 billion, or 30.6% of sales, in the previous year. The Engine Segment saw a 5% decrease in sales, while the Components Segment experienced a 20% drop. Conversely, the Distribution and Power Systems Segments reported sales increases of 15% and 19%, respectively. Cummins also introduced new engine platforms and acquired assets from First Mode, enhancing its hybrid solutions portfolio.
The company’s strategic initiatives included launching the X10 and B7.2 diesel engines, expanding its hybrid solutions through the acquisition of First Mode, and advancing its green hydrogen project in Germany. These efforts align with Cummins’ Destination Zero strategy, focusing on decarbonization and sustainability.
Looking ahead, Cummins has withdrawn its full-year forecast due to economic uncertainties but remains confident in its strategic direction. The company is poised to navigate challenges and aims to reinstate its forecast when conditions stabilize, continuing to focus on its sustainability goals and innovative product offerings.