Latest news with #CumminsInc
Reuters
2 days ago
- Business
- Reuters
Cummins India quarterly profit falls as rising costs offset price hikes
May 28 (Reuters) - Cummins India ( opens new tab reported a lower fourth-quarter profit on Wednesday, as ballooning costs offset the benefit of price hikes it took for some of its generator sets. The company, a unit of U.S. truck engine maker Cummins Inc (CMI.N), opens new tab, said its consolidated profit after tax came in at 5.30 billion rupees ($62.1 million), 1.7% lower than 5.39 billion rupees a year ago. The company's sales increased 6.4% to 24.14 billion rupees, which analysts attributed to price hikes during the quarter, particularly for its CPCB 4+ generator sets. The CPCB 4+ generator sets comply with the latest emission standards set by India's federal pollution control board, and make up about 40% of sales. Cummins India's total expenses rose 9.2% to 19.88 billion rupees, mainly due to a 16.8% increase in raw material costs. The company in February said that demand growth is expected to continue supported by government capital expenditure and demand across power cars, tower cars in railways and the construction sectors. Meanwhile, parent Cummins Inc withdrew its annual forecast, joining other vehicle manufacturers that are reassessing expectations as the industry grapples with the mounting uncertainty generated by U.S. President Donald Trump's tariffs. Shares of Cummins India closed flat ahead of results on Wednesday. ($1 = 85.3850 Indian rupees)
Yahoo
3 days ago
- Business
- Yahoo
Goldman Sachs Upgrades Cummins (CMI) Stock to Buy, Raises PT
On May 27, analysts at Goldman Sachs upped Cummins Inc. (NYSE:CMI)'s stock from 'Neutral' to 'Buy,' raising its price objective to $431 from the prior target of $410. This upgrade stems from the expectations of structurally higher profitability in the company's Power Systems business, thanks to the new pricing structure extending beyond data centers. A mechanic standing proudly in a factory floor surrounded by the engines the company produces. The upgrade also comes after the favorable outlook related to the Environmental Protection Agency (EPA)'s regulations for 2027. Additionally, the firm highlighted the observation that US truck demand expectations are now significantly lowered. Cummins Inc. (NYSE:CMI) reported sales of $1.6 billion from its Power Systems segment. The revenues in North America went up by 15%, while international sales rose 22%, primarily because of higher power generation demand, mainly for the data center market. In its Power Systems business, Cummins Inc. (NYSE:CMI) witnessed strong performance in both EBITDA dollars and percentage in Q1 2025 as it continues to benefit from operational improvements and strong end markets. The company plans to invest over $1 billion in its engine and power systems manufacturing operations in the US over the next few years. The new price target demonstrates Goldman Sachs' confidence in the company's ability to tackle the current market conditions. As the company evaluates the current manufacturing footprint and the exposure to tariff regulations, Cummins Inc. (NYSE:CMI) believes that it remains well-placed because it mainly produces engines and gensets in the markets where it sells them. Cummins Inc. (NYSE:CMI) is the leading manufacturer of diesel engines used in commercial trucks, off-highway equipment, and railroad locomotives, apart from standby and prime power generators. While we acknowledge the potential of CMI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CMI and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None.
San Francisco Chronicle
05-05-2025
- Business
- San Francisco Chronicle
Cummins: Q1 Earnings Snapshot
COLUMBUS, Ind. (AP) — COLUMBUS, Ind. (AP) — Cummins Inc. (CMI) on Monday reported first-quarter earnings of $824 million. On a per-share basis, the Columbus, Indiana-based company said it had net income of $5.96. The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $4.82 per share. The engine maker posted revenue of $8.17 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $8.07 billion.
Business Wire
05-05-2025
- Business
- Business Wire
Cummins Reports First Quarter 2025 Results
COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) today reported results for the first quarter of 2025. 'The company delivered strong financial results in the first quarter of 2025 led by record performance in our Power Systems Segment,' said Jennifer Rumsey, Chair and CEO. 'I want to thank our global employees for their commitment to delivering for our customers in an increasingly challenging environment. Due to growing economic uncertainty driven by tariffs we have withdrawn our full year forecast.' First quarter revenues of $8.2 billion decreased 3% from the same quarter in 2024. Sales in North America decreased 1%, and international revenues decreased 5% due to lower demand in Latin America and Asia Pacific, partially offset by higher sales in China. Net income attributable to Cummins in the first quarter was $824 million, or $5.96 per diluted share, compared to $2.0 billion, or $14.03 per diluted share, in 2024. The first quarter of 2024 included the gain related to the separation of Atmus, net of transaction costs and other expenses, of $1.3 billion, or $9.08 per diluted share, and restructuring expenses of $29 million, or $0.15 per diluted share. Earnings before interest, taxes, depreciation and amortization (EBITDA) in the first quarter were $1.5 billion, or 17.9% of sales, compared to $2.6 billion, or 30.6% of sales, a year ago. EBITDA for the first quarter of 2024 included the gain and costs noted above. 2025 Outlook: Due to growing economic uncertainty, the company is not providing an outlook for revenue or profitability for the remainder of 2025. 'While the outlook for the remainder of the year remains unclear, we remain confident in our position and that our Destination Zero strategy is the right one,' said Rumsey. 'Cummins is in a strong position to navigate through economic uncertainty, and we look forward to reinstating our forecast when conditions allow.' First Quarter 2025 Highlights: Cummins introduced the much-anticipated X10 as part of our Cummins HELM™ platforms. This engine replaces both the L9 and X12 engine platforms to deliver a new level of performance, durability and efficiency for heavy and medium-duty customers. Alongside the X15 and B Series, the X10 provides customers with a power solution to meet their unique operational requirements while maintaining the performance and reliability for which Cummins is known. Cummins also unveiled the new Cummins B7.2 diesel engine that brings the latest technology and advancements to one of our most proven platforms. The new engine will feature a slightly higher displacement and is designed to be a global platform which creates flexibility for different applications and duty cycles. Both the B7.2 and X10 engines will be manufactured at Rocky Mount Engine Plant in North Carolina and will go into production in North America in 2027. In February, Cummins announced the acquisition of assets of First Mode, a leader in retrofit hybrid solutions for mining and rail operations. The acquisition included hybrid mining and rail product lines, and the full technology portfolio which includes hydrogen and battery powertrain solutions. This technology represents the first commercially available retrofit hybrid system for mining equipment, significantly reducing total cost of ownership (TCO) while advancing decarbonization in operations. Accelera™ by Cummins announced the supply of a 100-megawatt proton exchange membrane (PEM) electrolyzer system for bp's Lingen green hydrogen project in Germany. The hydrogen-generation system will be the largest electrolyzer system assembled by Accelera to date and will be manufactured in Accelera's new electrolyzer plant in Spain. Once fully commissioned in 2027, the 100 MW electrolyzer system will produce up to 11,000 tons of green hydrogen per year. 1 Generally Accepted Accounting Principles in the U.S. First quarter 2025 detail (all comparisons to same period in 2024): Engine Segment Sales - $2.8 billion, down 5% Segment EBITDA - $458 million, or 16.5% of sales, compared to $414 million, or 14.1% of sales Revenues decreased 4% in North America and 11% in international markets due to lower on-highway demand in the United States and Latin America. Components Segment Sales - $2.7 billion, down 20% Segment EBITDA - $382 million, or 14.3% of sales, compared to $473 million, or 14.2% of sales, which includes $21 million of costs related to the separation of Atmus Revenues in North America decreased by 20% and international sales decreased by 20% primarily due to the separation of Atmus and lower on-highway demand in the United States and Europe. Distribution Segment Sales - $2.9 billion, up 15% Segment EBITDA - $376 million, or 12.9% of sales, compared to $294 million, or 11.6% of sales Revenues in North America increased 22% and international sales decreased by 1% primarily due to increased demand for power generation products in North America and favorable pricing. Power Systems Segment Sales - $1.6 billion, up 19% Segment EBITDA - $389 million, or 23.6% of sales, compared to $237 million, or 17.1% of sales Revenues in North America increased 15% and international sales increased 22% driven primarily by increased power generation demand, particularly for the data center market. Accelera Segment Sales - $103 million, up 11% Segment EBITDA loss - $86 million Revenues improved due to increased eMobility demand and electrolyzer installations. The company remains committed to pacing and focusing our zero emissions investments on the most promising paths in order to ensure we are set up for long-term success as part of our Destination Zero strategy. These continued investments contributed to the EBITDA losses. About Cummins Inc. Cummins Inc., a global power solutions leader, is comprised of five business segments – Engine, Components, Distribution, Power Systems and Accelera by Cummins – supported by our global manufacturing and extensive service and support network, skilled workforce and vast technological expertise. Cummins is committed to its Destination Zero strategy, which is grounded in the company's commitment to sustainability and helping its customers successfully navigate the energy transition with its broad portfolio of products. The products range from advanced diesel, natural gas, electric and hybrid powertrains and powertrain-related components including, aftertreatment, turbochargers, fuel systems, valvetrain technologies, controls systems, air handling systems, automated transmissions, axles, drivelines, brakes, suspension systems, electric power generation systems, electrified power systems with innovative components and subsystems, including battery, fuel cell and electric power technologies and hydrogen production technologies. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 69,600 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment, and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $3.9 billion on sales of $34.1 billion in 2024. See how Cummins is powering a world that's always on by accessing news releases and more information at Forward-looking disclosure statement Information provided in this release that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our forecasts, guidance, preliminary results, expectations, hopes, beliefs and intentions on strategies regarding the future. These forward-looking statements include, without limitation, statements relating to our plans and expectations for our revenues and EBITDA. Our actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including, but not limited to: any adverse consequences resulting from entering into the Settlement Agreements, including required additional mitigation projects, adverse reputational impacts and potential resulting legal actions; increased scrutiny from regulatory agencies, as well as unpredictability in the adoption, implementation and enforcement of emission standards around the world; evolving environmental and climate change legislation and regulatory initiatives; changes in international, national and regional trade laws, regulations and policies; changes in taxation; global legal and ethical compliance costs and risks; future bans or limitations on the use of diesel-powered products; raw material, transportation and labor price fluctuations and supply shortages; aligning our capacity and production with our demand; the actions of, and income from, joint ventures and other investees that we do not directly control; large truck manufacturers' and original equipment manufacturers' customers discontinuing outsourcing their engine supply needs or experiencing financial distress, or change in control; product recalls; variability in material and commodity costs; the development of new technologies that reduce demand for our current products and services; lower than expected acceptance of new or existing products or services; product liability claims; our sales mix of products; climate change, global warming, more stringent climate change regulations, accords, mitigation efforts, greenhouse gas regulations or other legislation designed to address climate change; our plan to reposition our portfolio of product offerings through exploration of strategic acquisitions, divestitures or exiting the production of certain product lines or product categories and related uncertainties of such decisions; increasing interest rates; challenging markets for talent and ability to attract, develop and retain key personnel; exposure to potential security breaches or other disruptions to our information technology (IT) environment and data security; the use of artificial intelligence in our business and in our products and challenges with properly managing its use; political, economic and other risks from operations in numerous countries including political, economic and social uncertainty and the evolving globalization of our business; competitor activity; increasing competition, including increased global competition among our customers in emerging markets; failure to meet sustainability expectations or standards, or achieve our sustainability goals; labor relations or work stoppages; foreign currency exchange rate changes; the performance of our pension plan assets and volatility of discount rates; the price and availability of energy; continued availability of financing, financial instruments and financial resources in the amounts, at the times and on the terms required to support our future business; and other risks detailed from time to time in our SEC filings, including particularly in the Risk Factors section of our 2024 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the SEC, which are available at or at in the Investor Relations section of our website. Presentation of Non-GAAP Financial Information EBITDA is a non-GAAP measure used in this release and is defined and reconciled to what management believes to be the most comparable GAAP measure in a schedule attached to this release, except for forward-looking measures of EBITDA where a reconciliation to the corresponding GAAP measures is not available due to the variability, complexity and limited visibility of the non-cash items that are excluded from the non-GAAP outlook measure. Cummins presents this information as it believes it is useful to understanding the Company's operating performance, and because EBITDA is a measure used internally to assess the performance of the operating units. Webcast information Cummins management will host a teleconference to discuss these results today at 10 a.m. EDT. This teleconference will be webcast and available on the Investor Relations section of the Cummins website at Participants wishing to view the visuals available with the audio are encouraged to sign-in a few minutes prior to the start of the teleconference. CUMMINS INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (a) In millions, except par value March 31, 2025 December 31, 2024 ASSETS Current assets Cash and cash equivalents $ 1,532 $ 1,671 Marketable securities 626 593 Total cash, cash equivalents and marketable securities 2,158 2,264 Accounts and notes receivable, net 5,680 5,181 Inventories 6,123 5,742 Prepaid expenses and other current assets 1,579 1,565 Total current assets 15,540 14,752 Long-term assets Property, plant and equipment, net 6,407 6,356 Investments and advances related to equity method investees 1,990 1,889 Goodwill 2,397 2,370 Other intangible assets, net 2,401 2,351 Pension assets 1,150 1,189 Other assets 2,646 2,633 Total assets $ 32,531 $ 31,540 LIABILITIES Current liabilities Accounts payable (principally trade) $ 4,311 $ 3,951 Loans payable 291 356 Commercial paper 1,740 1,259 Current maturities of long-term debt 661 660 Accrued compensation, benefits and retirement costs 523 1,084 Current portion of accrued product warranty 685 679 Current portion of deferred revenue 1,506 1,347 Other accrued expenses 1,858 1,898 Total current liabilities 11,575 11,234 Long-term liabilities Long-term debt 4,796 4,784 Deferred revenue 1,053 1,065 Other liabilities 3,136 3,149 Total liabilities $ 20,560 $ 20,232 EQUITY Cummins Inc. shareholders' equity Common stock, $2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued $ 2,600 $ 2,636 Retained earnings 21,401 20,828 Treasury stock, at cost, 84.8 and 85.1 shares (10,711 ) (10,748 ) Accumulated other comprehensive loss (2,366 ) (2,445 ) Total Cummins Inc. shareholders' equity 10,924 10,271 Noncontrolling interests 1,047 1,037 Total equity $ 11,971 $ 11,308 Total liabilities and equity $ 32,531 $ 31,540 (a) Prepared on an unaudited basis in accordance with accounting principles generally accepted in the United States of America. Expand CUMMINS INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (a) Three months ended March 31, In millions 2025 2024 CASH FLOWS FROM OPERATING ACTIVITIES Consolidated net income $ 850 $ 2,028 Adjustments to reconcile consolidated net income to net cash (used in) provided by operating activities Gain related to divestiture of Atmus — (1,333 ) Depreciation and amortization 269 265 Deferred income taxes (25 ) (38 ) Equity in income of investees, net of dividends (70 ) (78 ) Pension and OPEB expense 19 9 Pension contributions and OPEB payments (13 ) (48 ) Changes in current assets and liabilities, net of acquisitions and divestiture Accounts and notes receivable (457 ) (11 ) Inventories (331 ) (354 ) Other current assets (36 ) (175 ) Accounts payable 330 327 Accrued expenses (487 ) (393 ) Other, net (52 ) 77 Net cash (used in) provided by operating activities (3 ) 276 CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures (162 ) (169 ) Investments in and net advances to equity investees (60 ) (3 ) Acquisition of businesses, net of cash acquired (12 ) (59 ) Investments in marketable securities—acquisitions (457 ) (379 ) Investments in marketable securities—liquidations 432 431 Cash associated with Atmus divestiture — (174 ) Other, net 13 (53 ) Net cash used in investing activities (246 ) (406 ) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from borrowings 52 2,398 Net borrowings (payments) of commercial paper 481 (887 ) Payments on borrowings and finance lease obligations (144 ) (748 ) Dividend payments on common stock (251 ) (239 ) Other, net (46 ) (25 ) Net cash provided by financing activities 92 499 18 (7 ) Net (decrease) increase in cash and cash equivalents (139 ) 362 Cash and cash equivalents at beginning of year 1,671 2,179 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 1,532 $ 2,541 (a) Prepared on an unaudited basis in accordance with accounting principles generally accepted in the United States of America. Expand CUMMINS INC. AND SUBSIDIARIES SEGMENT INFORMATION (Unaudited) In millions Engine Components Distribution Power Systems Accelera Total Segments Intersegment Eliminations (1) Total Three months ended March 31, 2025 External sales $ 2,040 $ 2,270 $ 2,902 $ 872 $ 90 $ 8,174 $ — $ 8,174 Intersegment sales 731 400 5 777 13 1,926 (1,926 ) — Total sales 2,771 2,670 2,907 1,649 103 10,100 (1,926 ) 8,174 Research, development and engineering expenses 155 75 14 57 43 344 — 344 Equity, royalty and interest income (loss) from investees 73 7 28 29 (6 ) 131 — 131 Interest income 10 7 5 4 — 26 — 26 EBITDA (2) 458 382 376 389 (86 ) 1,519 (59 ) 1,460 Depreciation and amortization (3) 67 122 32 33 12 266 — 266 EBITDA as a percentage of total sales 16.5 % 14.3 % 12.9 % 23.6 % NM 15.0 % 17.9 % Three months ended March 31, 2024 External sales $ 2,240 $ 2,842 $ 2,529 $ 708 $ 84 $ 8,403 $ — $ 8,403 Intersegment sales 688 490 6 681 9 1,874 (1,874 ) — Total sales 2,928 3,332 2,535 1,389 93 10,277 (1,874 ) 8,403 Research, development and engineering expenses 154 84 14 60 55 367 2 369 Equity, royalty and interest income (loss) from investees 57 26 24 19 (3 ) 123 — 123 Interest income 7 8 11 3 — 29 — 29 EBITDA (2) 414 473 (4 ) 294 237 (101 ) 1,317 1,255 2,572 Depreciation and amortization (3) 58 125 31 34 14 262 — 262 EBITDA as a percentage of total sales 14.1 % 14.2 % 11.6 % 17.1 % NM 12.8 % 30.6 % (1) Included intersegment sales, intersegment profit in inventory and unallocated corporate expenses. There were no significant unallocated corporate expenses for the three months ended March 31, 2025. The three months ended March 31, 2024, included a $1.3 billion gain related to the divestiture of Atmus and $14 million of costs associated with the divestiture of Atmus. (2) EBITDA is defined as earnings or losses before interest expense, income taxes, depreciation and amortization and noncontrolling interests. We believe EBITDA is a useful measure of our operating performance as it assists investors and debt holders in comparing our performance on a consistent basis without regard to financing methods, capital structure, income taxes or depreciation and amortization methods, which can vary significantly depending upon many factors. (3) Depreciation and amortization, as shown on a segment basis, excluded the amortization of debt discount and deferred costs included in the Condensed Consolidated Statements of Net Income as interest expense. The amortization of debt discount and deferred costs was $3 million and $3 million for the three months ended March 31, 2025 and 2024, respectively. A portion of depreciation expense is included in research, development and engineering expenses. (4) Included $21 million of costs associated with the divestiture of Atmus for the three months ended March 31, 2024. Expand CUMMINS INC. AND SUBSIDIARIES SELECT FOOTNOTE DATA (Unaudited) Equity, royalty and interest income from investees included in our Condensed Consolidated Statements of Net Income for the reporting periods was as follows: INCOME TAXES Our effective tax rate for 2025, excluding discrete items, is expected to approximate 24.5 percent. Our effective tax rates for the three months ended March 31, 2025 and 2024, were 23.9 percent and 8.7 percent, respectively. The three months ended March 31, 2025, contained net favorable discrete tax items of $7 million, or $0.05 per diluted share, primarily due to $8 million of favorable share-based compensation tax benefits, partially offset by $1 million of other unfavorable tax items. The three months ended March 31, 2024, contained favorable discrete tax items primarily due to the $1.3 billion non-taxable gain on the Atmus split-off. Other discrete tax items were $21 million favorable primarily due to adjustments related to audit settlements. CUMMINS INC. AND SUBSIDIARIES FINANCIAL MEASURES THAT SUPPLEMENT GAAP (Unaudited) Reconciliation of Non GAAP measures - Earnings before interest, income taxes, depreciation and amortization and noncontrolling interests (EBITDA) We believe EBITDA is a useful measure of our operating performance as it assists investors and debt holders in comparing our performance on a consistent basis without regard to financing methods, capital structure, income taxes or depreciation and amortization methods, which can vary significantly depending upon many factors. We believe EBITDA excluding special items is a useful measure of our operating performance without regard to the impact of the gain recognized and the related costs for the divestiture of Atmus and restructuring actions. This statement excludes forward looking measures of EBITDA where a reconciliation to the corresponding accounting principles generally accepted in the United States (GAAP) measures is not available due to the variability, complexity and limited visibility of non-cash items that are excluded from the non-GAAP outlook measure. EBITDA is not in accordance with, or an alternative for, GAAP and may not be consistent with measures used by other companies. It should be considered supplemental data; however, the amounts included in the EBITDA calculation are derived from amounts included in the Condensed Consolidated Statements of Net Income. Below is a reconciliation of net income attributable to Cummins Inc. to EBITDA for each of the applicable periods: CUMMINS INC. AND SUBSIDIARIES SEGMENT SALES DATA (Unaudited) Engine Segment Sales by Market and Unit Shipments by Engine Classification Sales for our Engine segment by market were as follows: 2025 In millions Q1 Q2 Q3 Q4 YTD Heavy-duty truck $ 921 $ — $ — $ — $ 921 Medium-duty truck and bus 986 — — — 986 Light-duty automotive 421 — — — 421 Off-highway 443 — — — 443 Total sales $ 2,771 $ — $ — $ — $ 2,771 2024 In millions Q1 Q2 Q3 Q4 YTD Heavy-duty truck $ 1,059 $ 1,184 $ 1,021 $ 980 $ 4,244 Medium-duty truck and bus 995 1,074 1,073 1,024 4,166 Light-duty automotive 438 461 395 301 1,595 Off-highway 436 432 424 415 1,707 Total sales $ 2,928 $ 3,151 $ 2,913 $ 2,720 $ 11,712 Expand Unit shipments by engine classification (including unit shipments to Power Systems and off-highway engine units included in their respective classification) were as follows: Components Segment Sales by Business Sales for our Components segment by business were as follows: 2025 In millions Q1 Q2 Q3 Q4 YTD Drivetrain and braking systems $ 1,056 $ — $ — $ — $ 1,056 Emission solutions 902 — — — 902 Components and software 595 — — — 595 Automated transmissions 117 — — — 117 Total sales $ 2,670 $ — $ — $ — $ 2,670 2024 In millions Q1 Q2 Q3 Q4 YTD Drivetrain and braking systems $ 1,232 $ 1,256 $ 1,131 $ 1,114 $ 4,733 Emission solutions 971 941 864 825 3,601 Components and software 611 623 581 589 2,404 Automated transmissions 165 162 148 113 588 Atmus (1) 353 — — — 353 (1) Included sales through the March 18, 2024, divestiture. Expand Distribution Segment Sales by Product Line Sales for our Distribution segment by product line were as follows: 2025 In millions Q1 Q2 Q3 Q4 YTD Power generation $ 1,090 $ — $ — $ — $ 1,090 Parts 1,031 — — — 1,031 Service 416 — — — 416 Engines 370 — — — 370 Total sales $ 2,907 $ — $ — $ — $ 2,907 2024 In millions Q1 Q2 Q3 Q4 YTD Power generation $ 707 $ 954 $ 1,091 $ 1,220 $ 3,972 Parts 1,001 990 1,004 985 3,980 Service 406 448 455 444 1,753 Engines 421 437 402 419 1,679 Total sales $ 2,535 $ 2,829 $ 2,952 $ 3,068 $ 11,384 Expand Power Systems Segment Sales by Product Line and Unit Shipments by Engine Classification Sales for our Power Systems segment by product line were as follows: 2025 In millions Q1 Q2 Q3 Q4 YTD Power generation $ 1,001 $ — $ — $ — $ 1,001 Industrial 498 — — — 498 Generator technologies 150 — — — 150 Total sales $ 1,649 $ — $ — $ — $ 1,649 2024 In millions Q1 Q2 Q3 Q4 YTD Power generation $ 853 $ 987 $ 1,055 $ 1,090 $ 3,985 Industrial 420 478 508 526 1,932 Generator technologies 116 124 124 127 491 Total sales $ 1,389 $ 1,589 $ 1,687 $ 1,743 $ 6,408 Expand High-horsepower unit shipments by engine classification were as follows:
Yahoo
23-04-2025
- Business
- Yahoo
Is Cummins Inc. (CMI) the Best Stock To Buy According to Marjorie Taylor Greene?
We recently published a list of . In this article, we are going to take a look at where Cummins Inc. (NYSE:CMI) stands against other best stock to buy according to Marjorie Taylor Greene. Marjorie Taylor Greene is one of the most active members of the Trump administration on the US stock market. Her latest disclosures show that Greene, who is the US representative for the 14th congressional district of Georgia since 2021, purchased stakes in several beaten down technology stocks in the days prior to the announcement of a 90-day pause on new Trump tariffs. Following the pause, the share prices of many of these technology stocks rallied. This trading activity has drawn the ire of social media, where users routinely highlight that lawmakers from both major parties in the US Congress should be banned from stock trading because of the apparent conflict of interest in owning shares of companies they can heavily influence with positions they can take in office. Like Greene, other US lawmakers active on the stock market, like Nancy Pelosi, are also in the spotlight following the latest bout of the US-China trade war. Read more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs. Taylor Greene sits on important Congressional committees, including the House Committee on Oversight and Accountability, where she is the Chairwoman of the Subcommittee on Delivering on Government Efficiency (DOGE). She is also on the House Committee on Homeland Security, where she sits on the Subcommittee on Counterterrorism and Intelligence, as well as the Subcommittee on Oversight, Investigations, and Accountability. Disclosures made by Greene through her latest transaction report reveal that the lawmaker sold between $50,000 to $100,000 worth of US Treasury Bills to fund the purchase of beaten down technology stocks just before an announcement by US President Trump that he was pausing for 90 days new tariffs that had earlier sent markets tumbling around the world. Greene is a staunch supporter of the tariffs, having said in a post on social networking platform X that tariffs were a powerful proven source of leverage to protect national interests. For this article, we consulted Capitol Trades, a platform that tracks the stock trading activity of politicians in the United States. It is important to clarify that the stocks listed below were picked from the public record of investments Marjorie Taylor Greene has made in the past few months. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A mechanic standing proudly in a factory floor surrounded by the engines the company produces. Number of Hedge Fund Holders: 53 Cummins Inc. (NYSE:CMI) designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. A securities filing dated April 11 reveals that Taylor Greene purchased Cummins Inc. (NYSE:CMI) stock worth between $1,000-$15,000 on April 9. This trade was disclosed a day after it was made. Following the imposition of tariffs earlier this month, UBS had downgraded the stock to Sell from Neutral, warning that the market had not fully accounted for the economic risks stemming from recent tariffs and growing macro uncertainty. In an investor note, analyst Steven Fisher cautioned investors against buying machinery stocks and forecast further declines ahead. On April 9, Trump issued a 90-day tariff pause, but Fisher claims that the damage from existing trade policies is already done, and lingering uncertainty will keep markets under pressure. Overall, CMI ranks 19th on our list of best stock to buy according to Marjorie Taylor Greene. While we acknowledge the potential of these companies, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CMI but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
