Cummins Inc (Ex. Cummins Engine Inc)

Latest Results (19.10.2025):

Cummins Inc (Ex. Cummins Engine Inc) has reported its strong financial performance for the third quarter of 2024, achieving flat revenues of $8.5 billion compared to the same period last year. The company delivered a GAAP Net Income of $809 million, representing 9.6% of sales, and an EBITDA margin of 16.4%. Maintaining its full-year revenue guidance, Cummins continues to advance its strategic initiatives and drive shareholder value.

Revenue and Profitability

The third quarter revenues of $8.5 billion remained flat year-over-year, with North American sales decreasing by 1% and international revenues increasing by 2%. Net income attributable to Cummins reached $809 million, or $5.86 per diluted share, up from $656 million in the previous year. The EBITDA margin improved to 16.4% of sales, up from 14.6% in the third quarter of 2023.

Full-Year 2024 Outlook

Cummins Inc is maintaining its full-year 2024 revenue guidance, expecting revenues to be down 3% to flat. The company has adjusted its EBITDA outlook to approximately 15.5%, positioning it at the upper end of the previously projected range of 15.0% to 15.5%. This adjustment reflects continued improvements in the Power Systems and Distribution segments.

Shareholder Returns

The company increased its quarterly common stock cash dividend from $1.68 to $1.82 per share, marking the 15th consecutive year of dividend growth. Cummins remains committed to its long-term strategic goal of returning 50% of operating cash flow to shareholders through dividends and debt reduction.

Operational Milestones

Cummins began full production of the X15N™ natural gas engine at its Jamestown Engine Plant, celebrating the plant's 50th anniversary. Additionally, the company opened a new Accelera™ electrolyzer manufacturing plant in Guadalajara, Spain, with the capacity to produce 500 megawatts of electrolyzers annually, scalable to over 1 gigawatt in the future.

Industry Engagement and Recognition

At the IAA Transportation 2024 in Hannover, Germany, Cummins showcased its diverse portfolio of powertrain and component technologies as part of its Destination Zero strategy. The company also received multiple accolades, including being named one of the 2024 100 Best Companies by Seramount, a Veteran Friendly Employer by U.S. Veterans Magazine, and ranked #55 on Glassdoor’s Best Places to Work in 2024.