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Cummins Inc (CMI)
:CMI
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
5.05Last Year’s EPS
5.1Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 04, 2025
|% Change Since: 10.39%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted Cummins' record financial performance and strategic advancements, despite challenges in the North America heavy-duty truck market and reorganization costs in the Accelera segment. The company remains optimistic about future opportunities, particularly in the Power Systems segment, while navigating regulatory and market uncertainties.Company Guidance
During the Cummins Inc. Q4 2024 Earnings Conference Call, the company provided guidance for 2025, projecting total company revenues to range from a decline of 2% to an increase of 3% compared to 2024. The EBITDA margin is expected to improve to between 16.2% and 17.2% of sales, up from 15.7% in 2024. The guidance anticipates weaker demand in the first half of 2025 for the North America on-highway truck markets, with heavy-duty truck production projected at 260,000 to 290,000 units, flat to down 10% year-over-year. However, demand for power systems is expected to remain robust, with power generation market revenues projected to grow by 5% to 15%. The company also plans to invest $1.4 billion to $1.5 billion in capital projects and expects an effective tax rate of 24.5%, excluding any discrete items.Record Full Year Financial Performance
Cummins Inc. delivered record revenues of $34.1 billion and a record EBITDA of $6.3 billion in 2024, despite a decline in the North America heavy-duty truck market and the separation of Atmus.
Power Systems Segment Success
The Power Systems segment achieved a record full year EBITDA of 18.4% of sales, up from 14.7% in 2023, driven by strong demand in data center applications and operational improvements.
Strategic Advancements and Partnerships
Cummins introduced the HELM engine platform, offering fuel flexibility, and completed a joint venture, Amplify Cell Technologies, to advance zero emissions technology. These actions align with their Destination Zero strategy.
Successful Separation of Atmus Filtration Technologies
The separation resulted in a tax-free exchange of shares, reducing Cummins' shares outstanding by approximately 5.6 million, enabling a focus on innovative power solutions.
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CMI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CMI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 04, 2025 | $348.21 | $363.51 | +4.39% |
| Nov 05, 2024 | $324.01 | $352.71 | +8.86% |
| Aug 01, 2024 | $288.63 | $302.77 | +4.90% |
| May 02, 2024 | $279.14 | $275.62 | -1.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cummins Inc (CMI) report earnings?
Cummins Inc (CMI) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Cummins Inc (CMI) earnings time?
Cummins Inc (CMI) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CMI EPS forecast?
CMI EPS forecast for the fiscal quarter 2025 (Q1) is 5.05.
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