The Global X Hydrogen ETF (NASDAQ:HYDR) was launched on July 12, 2021. The ETF included hydrogen stocks to buy that were benefiting from the global hydrogen industry. Nearly four years later, it has less than $38 million in net assets invested across 25 companies. The ETF itself has lost 79% of its value as of April 30.ING’s January report about hydrogen was a glass-half-full publication about where the industry is headed. “We expect the hydrogen market to grow in 2024, but less so than many have hoped for. ...

| --- | --- | --- | --- | --- | |-----------------------------------------------------------|------------|---------|---------|--------| | Sales decreased 2% driven by | $ MILLIONS | Q1 2024 | Q1 2023 | CHANGE | | lower demand in international markets partly offset with | Sales | 2,928 | 2,986 | (2)% | | increased On-highway revenues. | | | | | | EBITDA margin decreased as | EBITDA | 414 | 457 | (9)% | 1 "NM" - not meaningful information 18 22 By Region EBITDA 13.5% to 14.5% Mexico 42% Q1 2024 LTM Revenue by ...

Cummins Inc. (CMI) reported first-quarter 2024 earnings of $5.10 per share, which declined from $5.55 per share recorded in the corresponding quarter of 2023. The bottom line also missed the Zacks Consensus Estimate of $5.11 per share. Cummins’ revenues totaled $8.40 billion, compared with $8.45 billion recorded in the year-ago quarter. The top line beat the Zacks Consensus Estimate of $8.35 billion.Key TakeawaysIn the reported quarter, sales in the Engine segment were down 2% year over year to $2.9 billion ...

Table of Contents Washington, D.C. 20549 QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-4949 Telephone (812) 377-5000 (Registrant's telephone number, including area code) Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and ...

Financial Data and Key Metrics Changes - Company revenues for Q1 2024 were $8.4 billion, a decrease of 1% compared to Q1 2023 [34][169] - EBITDA for the quarter was $2.6 billion, representing 30.6% of revenues, compared to $1.4 billion or 16.1% a year ago [34] - Net earnings for the quarter were $2 billion or $14.03 per diluted share, including a net gain related to the separation of Atmus of $1.3 billion [23] Business Line Data and Key Metrics Changes - Engine segment revenues were $2.9 billion, a decrease of 2% from a year ago, with EBITDA at 14.1%, down from 15.3% [136] - Power Systems segment revenues increased by 3% to $1.4 billion, with EBITDA rising from 16.3% to 17.1% of sales [43] - Accelera revenues increased by 9% to $93 million, driven by increased electrolyzer installations, but EBITDA loss was $101 million compared to a loss of $94 million a year ago [25] Market Data and Key Metrics Changes - In North America, medium-duty truck market guidance remains at 140,000 to 150,000 units, down 5% to flat from 2023 [37] - In India, total revenue is projected to increase by 9% in 2024, driven by strong power generation and on-highway demand [19] - In China, total revenue is expected to increase by 3% in 2024, with heavy- and medium-duty truck demand projected to range from down 5% to up 10% [135] Company Strategy and Development Direction - The company is focused on reducing costs, optimizing business operations, and investing in new technologies for future growth [2] - The introduction of the Cummins HELM platform aims to enhance efficiency and lower emissions, aligning with energy transition goals [15] - The company is raising its guidance for global power generation markets to be up 10% to 15%, driven by strong demand in data centers [38] Management's Comments on Operating Environment and Future Outlook - Management expects moderation in key markets in the second half of 2024 but has raised expectations for performance relative to prior guidance [26] - The company anticipates a decline in heavy-duty truck production in the third quarter, reflecting broader industry trends [150] - Management remains confident in the business's improvements and expects to convert revenue growth into higher earnings [61] Other Important Information - The separation of Atmus resulted in a reduction of common shares outstanding by 5.6 million [185] - The effective tax rate for Q1 was 8.7%, mainly due to the tax-free gain on the Atmus separation [23] - The company returned $239 million to shareholders in the form of dividends, consistent with its long-term plan [39] Q&A Session Summary Question: What is the position in the data center market? - Management highlighted strong demand from data center customers and noted that they are sold out on their 95-liter engines through 2025 [56] Question: Can you discuss the cadence of earnings over the year? - Management indicated that the quarter came in line with expectations and that they are seeing improvements in performance, which supports the raised guidance [50][149] Question: What are the expectations for the upcoming Analyst Day? - Management confirmed that they will discuss overall strategy, revenue, and margin expectations during the Analyst Day [29] Question: How is the company positioned for the 2027 EPA regulations? - Management expressed confidence in their ability to meet upcoming regulations and highlighted investments in new fuel-agnostic engine platforms [144][158] Question: What is the outlook for the heavy-duty truck market? - Management noted that while there is strength in the heavy-duty market, they anticipate some softening in the second half of the year [118][150]

For the quarter ended March 2024, Cummins (CMI) reported revenue of $8.4 billion, down 0.6% over the same period last year. EPS came in at $5.10, compared to $5.55 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $8.36 billion, representing a surprise of +0.55%. The company delivered an EPS surprise of -0.20%, with the consensus EPS estimate being $5.11.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they com ...

Cummins (CMI) came out with quarterly earnings of $5.10 per share, missing the Zacks Consensus Estimate of $5.11 per share. This compares to earnings of $5.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -0.20%. A quarter ago, it was expected that this engine maker would post earnings of $4.41 per share when it actually produced earnings of $4.14, delivering a surprise of -6.12%.Over the last four quarters, the company has ...

EXHIBIT 99 May 2, 2024 • First quarter revenues of $8.4 billion; GAAP Net Income of $2.0 billion • EBITDA in the first quarter was 30.6% of sales; Diluted EPS of $14.03 • First quarter results include a net gain of $1.3 billion, or $9.08 per diluted share, related to the separation of Atmus and $29 million, or $0.15 per diluted share, of restructuring expenses. • The company is raising its guidance for full year 2024 revenue and EBITDA after adjusting for the separation of Atmus. • Full year revenues are ex ...

Cummins Inc. (CMI) is slated to release first-quarter 2024 results on May 2, before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share (EPS) and revenues is pegged at $5.11 and $8.36 billion, respectively.For the first quarter, the consensus estimate for CMI’s EPS has moved up by a penny in the past 30 days. Its bottom-line estimates imply a decline of 7.93% from the year-ago reported number.The Zacks Consensus Estimate for its quarterly revenues suggests a year-ov ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Cummins (CMI) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 2, 2024, might help the stock move higher if these key numbers are better than expectations. O ...