Revenue segments as reported by the company.

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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.

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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

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Earnings data Q4 2021

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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Earnings data Q3 2024

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.

Meritor

Meritor, Inc. (NYSE: MTOR), whose shares rose by 45%, and Cummins Inc. (NYSE: CMI) recently announced they'd executed a definitive purchase agreement whereby Meritor, a leader of the electric powertrain, aftermarket, braking, mobility and drivetrain options for industrial and commercial vehicle markets, will be acquired by Cumins. .  According to the agreement, Cumins will pay Meritor $36.50 in cash […] The post Meritor shares shoot up by 45% after announcing it'd be acquired by Cumins appeared first on Invezz.

Meritor shares shoot up by 45% after announcing it'd be acquired by Cumins

Cummins Inc., which is rapidly transforming from solely a leading maker of diesel engines into electric powertrains and zero-emissions technologies, said Tuesday it will pay $3.7 billion in cash to acquire Meritor Inc., merging their distinct traditional and advanced technology components. “The two companies are largely complementary,” Cummins CEO Tom Linebarger said on a call with analysts.

Cummins will buy Meritor for $3.7B

Shares of Meritor Inc., a maker of axle, braking and electric powertrain components, were headed toward a 24-year high Tuesday, after the company announced a deal to be acquired by diesel truck engine maker Cummins Inc. for $3.7 billion in cash.

Meritor shares headed toward 24-year high after Cummins buys axle, braking and powertrain maker for $3.7 billion

Cummins Inc. (NYSE: CMI) is buying Meritor, Inc. (NYSE: MTOR) in a $3.7 billion deal. These are the details.

Why Cummins (CMI) Is Buying Meritor (MTOR) For $3.7 Billion

The deal will expand Cummins' range of engine offerings and add axle and brake technology to its product line.

Cummins To Acquire Meritor In $3.7 Billion Deal, Accelerating Auto Supplier Consolidation

Cummins Inc (NYSE: CMI) has agreed to acquire electric powertrain solutions provider Meritor Inc (NYSE: MTOR) for about $3.7 billion, including assumed debt and net of acquired cash. The company will pay Meritor shareholders $36.50 in cash per share, representing a 48% premium.

Cummins Agrees To Acquire Meritor For $3.7B

Commercial truck and industrial equipment maker Meritor Inc. MTOR, -2.37% announced an agreement to be acquired by Cummins Inc. CMI, -0.29% in a cash deal valued $3.7 billion, including debt and acquired cash. Under terms of the deal, Cummins will pay $36.50 for each Meritor share outstanding, which represents a 48% premium to Friday's stock closing price of $24.67, and the highest price the stock traded at since May 1998.

Meritor agrees to buyout bid at a 48% premium, that implies a $2.6 billion market cap

COLUMBUS, Ind. & TROY, Mich.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) and Meritor, Inc. (NYSE: MTOR) today announced that they have entered into a definitive agreement under which Cummins will acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Under the terms of the agreement, Cummins will pay $36.50 in cash per Meritor share, for a total transaction value of approximately $3.7 billion

Cummins to Acquire Meritor

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Cummins Inc. is making all its engine families capable of running on diesel, natural gas or hydrogen in a move to meet its pledge of reducing lifetime greenhouse gas emissions from its new engines 25% by the end of the decade. The fuel-agnostic engines will use engine blocks with the same architecture and core components but customized for different fuels.

Cummins reworking its engine families to run on multiple low-carbon fuels

COLUMBUS, Ind.--(BUSINESS WIRE)--Global power leader Cummins Inc. (NYSE: CMI) announced today that it is expanding its industry-leading powertrain platforms, leveraging a range of lower carbon fuel types. As the industry's first unified, fuel-agnostic engines, these platforms will use engine blocks and core components that share common architectures and will be optimized for different low-carbon fuel types. “Getting to zero is not a light-switch event. Carbon emissions that we put into the atmo

Cummins Unveils Industry-First Fuel-Agnostic Internal Combustion Powertrain Solutions, Helping Fleets Decarbonize Today With Low-Carbon Fuels

COLUMBUS, Ind.--(BUSINESS WIRE)--Today, Cummins Inc. (NYSE: CMI) announced Jennifer Rumsey, its President and Chief Operating Officer, has been elected to the company's Board of Directors. “I am thrilled Jennifer Rumsey will join the Cummins Board of Directors,” said Tom Linebarger, Chairman and CEO, Cummins Inc. “Jen brings the skills and perspectives we need to address the biggest challenges of our time. Decarbonization is a growth opportunity for Cummins and essential to our planet and we wi

Cummins Elects Jennifer Rumsey to its Board of Directors

Altra Industrial Motion

Cummins Inc. (NYSE: CMI) has agreed to acquire Jacobs Vehicle Systems, a subsidiary of Altra Industrial Motion Corp (NASDAQ: AIMC), for $325 million. Founded in 1961, Jacobs Vehicle Systems has roughly 600 employees and more than 60 years of experience in engine retarding and valve actuation systems for the commercial vehicle industry.

Cummins To Acquire Jacobs Vehicle Systems Business From Altra Industrial For $325M

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) today announced the signing of an agreement to acquire Jacobs Vehicle Systems (JVS), a subsidiary of Altra Industrial Motion Corp., and a supplier of engine braking, cylinder deactivation, start and stop and thermal management technologies. The agreement brings the addition of new technologies to provide growth opportunities for Cummins' current and future advanced diesel engine platforms. The acquisition of JVS also secures critical USM

Cummins to Acquire Engine Braking and Cylinder Deactivation Company to Advance Its Path to a Zero Emissions Future

Cummins Inc. is now the sole owner of the former Cummins-Westport natural gas engine joint venture, a 10-year partnership that ended Dec. 31, 2021. Westport Fuel Systems gets $20 million from Cummins in exchange for its share of intellectual property of the joint venture, which Cummins will continue to operate.

Cummins buys out Westport natural gas joint venture for $20M

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The market's extreme volatility continues with the Nasdaq crashing almost 4.4% on Thursday, February 3rd. Prudent long-term investors know the truth of Joshua Brown's words "volatility isn't risk, it's the source of future returns."

My, Oh My, 14 Strong Correction Blue-Chip Buys

Cummins Inc. (NYSE: CMI) has agreed to acquire the remaining stake in the former Cummins Westport Joint Venture from Westport Fuel Systems Inc. (NASDAQ: WPRT). Financial terms were not disclosed.

Cummins To Take Full Control Of Former JV With Westport

Westport Fuel Systems

COLUMBUS, Ind. & VANCOUVER, British Columbia--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) and Westport Fuel Systems Inc. (“Westport”) (TSX:WPRT | Nasdaq:WPRT) have agreed to a share purchase agreement for the sale of Westport's stake in the Cummins Westport Joint Venture (“JV”) with CMI continuing to operate the business as the sole owner. As previously reported, the Cummins Westport Inc. joint venture agreement terminated effective December 31, 2021. As part of the agreement, Cummins also will b

Cummins to Purchase Remaining Shares in the Former Cummins Westport Joint Venture from Westport Fuel Systems

Cummins Inc. (CMI) CEO Tom Linebarger on Q4 2021 Results - Earnings Call Transcript

The supply chain crisis and rising material costs dented Q4 profits, but diesel and alternative powertrain manufacturer Cummins Inc. posted record revenues in 2021 and forecast continued global growth this year. “Our industry continues to experience significant supply chain constraints, resulting in elevated manufacturing, logistics and material costs, resulting in margins below our expectations, particularly in the fourth quarter,” Tom Linebarger, Cummins chairman and CEO, said in a press release.

Cummins sets revenue record, sees more growth ahead

Cummins (CMI) expects 2022 revenues to grow 6% year over year. EBITDA is envisioned at 15.5% of sales.

Cummins' (CMI) Q4 Earnings Miss Estimates, Decline 15% Y/Y

Cummins Inc. CMI reported fourth-quarter sales of $5.85 billion, flat year-over-year, beating the consensus of $5.79 billion. Sales in North America decreased 4% while international revenues increased 6% Y/Y, driven by strong demand across most global markets, except China.

Cummins Reports Mixed Q4 Results; Expects China Demand To Moderate In FY22

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) today reported full year 2021 results. Revenues for the full year were $24 billion, 21 percent higher than 2020. Sales in North America increased 17 percent and international revenues increased 27 percent. Sales increased in all major regions compared to the prior year, which was severely impacted by the height of the COVID-19 pandemic. EBITDA for the year was $3.5 billion (14.7 percent of sales) compared to $3.1 billion (15.7 percent of

Cummins Reports Fourth Quarter and Full Year 2021 Results

Cummins Inc. CMI, +0.42% reported Thursday fourth-quarter profit that fell below expectations while revenue topped forecasts, as increased manufacturing, logistics and material costs resulting from supply chain constraints led to lower-than-anticipated margins. The auto engine power generation products company's stock was still inactive in premarket trading.

Cummins profit falls below expectations as increased costs from supply chain constraints weigh on margins

Cummins (CMI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

News for Cummins Stock (CMI)