Cummins reports Q3 adjusted EPS $5.59, consensus $4.77

Reports Q3 revenue $8.317B, consensus $7.99B. Reports Q3 engine sales $2.6B, down 11%. Reports Q3 components sales $2.3B, down 15%. Reports Q3 distribution sales $3.2B, up 7%. Reports Q3 power systems sales $2.0B, up 18%. Reports Q3 Accelera sales $121M, up 10%. “Cummins (CMI) delivered strong operating results in the third quarter, driven by profitable growth in our Power Systems and Distribution segments, due in part to continued rising demand for backup power for data centers. Effective cost management across the company helped navigate through the anticipated sharp decline in the North American truck market,” said Jennifer Rumsey, chair and CEO. “During the quarter, we recorded non-cash charges related to our electrolyzer business within the Accelera segment, reflecting policy-driven shifts in hydrogen adoption expectations. Due to the significantly weaker prospects for demand, we are undertaking a strategic review of the electrolyzer business.”