Third Quarter 2024 Earnings Teleconference November 5th, 2024 CONTENTS Q3 2024 Summary 2024 Guidance Q3 2024 Supplemental Information Appendix 2 Disclosure Regarding Forward-Looking Statements Information provided in this presentation 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 regar ...

Group 1 - Cummins reported quarterly earnings of $5.60 per share, exceeding the Zacks Consensus Estimate of $4.89 per share, and up from $4.73 per share a year ago, representing an earnings surprise of 14.52% [1] - The company achieved revenues of $8.46 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.18%, and slightly up from $8.43 billion year-over-year [2] - Cummins shares have increased approximately 35.9% year-to-date, outperforming the S&P 500's gain of 19.8% [3] Group 2 - The future performance of Cummins' stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4] - Current consensus EPS estimate for the upcoming quarter is $4.83 on revenues of $8.22 billion, and for the current fiscal year, it is $19.96 on revenues of $33.69 billion [7] - The Zacks Industry Rank for Automotive - Internal Combustion Engines is in the top 39% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]

EXHIBIT 99 News Release November 5, 2024 Cummins Reports Strong Third Quarter 2024 Results • Third quarter revenues of $8.5 billion; GAAP Net Income of $809 million, or 9.6% of sales • EBITDA in the third quarter was 16.4% of sales; Diluted EPS of $5.86 • The company is maintaining its full year 2024 revenue guidance of down 3% to flat. • EBITDA is now expected to be approximately 15.5% compared to previous guidance of 15.0% to 15.5%. 1 COLUMBUS, IND. - Cummins Inc. (NYSE: CMI) today reported results for th ...

Wall Street analysts forecast that Cummins (CMI) will report quarterly earnings of $4.89 per share in its upcoming release, pointing to a year-over-year increase of 3.4%. It is anticipated that revenues will amount to $8.28 billion, exhibiting a decline of 1.8% compared to the year-ago quarter.Over the last 30 days, there has been an upward revision of 1.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their i ...

Wall Street expects a year-over-year increase in earnings on lower revenues when Cummins (CMI) reports results for the quarter ended September 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 stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 5. On ...

NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Cummins Inc. (“Cummins” or “the Company”) (NYSE: CMI) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Cummins securities b ...

Collaboration will achieve EPA27 Phase 3 Emissions Standards compliance.INDIANAPOLIS, Oct. 21, 2024 /PRNewswire/ -- Allison Transmission is pleased to announce an uprate to its proven B400 and B3400 xFE fully automatic transmissions, including retarder models. The increased ratings will ensure Allison continues to offer unrivaled total economic value to bus fleets across North America. The uprated transmission models will now support ratings up to 350 horsepower and 1,150 ft. lbs. of torque. This increase i ...

Company Overview - Cummins (CMI) is headquartered in Columbus and operates in the Auto-Tires-Trucks sector, experiencing a price change of 40.05% year-to-date [2] - The company currently pays a dividend of $1.82 per share, resulting in a dividend yield of 2.17%, which is higher than the Automotive - Internal Combustion Engines industry's yield of 1.08% and the S&P 500's yield of 1.51% [2] Dividend Performance - Cummins has increased its annualized dividend to $7.28, marking a 12% increase from the previous year [2] - Over the past five years, the company has raised its dividend four times, achieving an average annual increase of 7.11% [2] - The current payout ratio for Cummins is 35%, indicating that the company distributes 35% of its trailing 12-month earnings per share as dividends [2] Earnings Growth - The Zacks Consensus Estimate for Cummins' earnings per share in 2024 is $19.96, reflecting a year-over-year growth rate of 1.37% [3] Investment Considerations - Dividends are favored by investors for various reasons, including improving stock investing profits and providing tax advantages [4] - Established firms with secure profits are typically viewed as the best dividend options, while high-growth businesses and tech start-ups rarely offer dividends [4] - Cummins is identified as a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [4]

NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, issues this updated notice in connection with the securities class action lawsuit on behalf of purchasers of the securities of Cummins Inc. (NYSE: CMI) between April 30, 2019 and December 21, 2023, both dates inclusive (the "Class Period"). This class action was originally filed on January 15, 2024. The lawsuit seeks to recover damages for Cummins investors under the federal securities laws. To join the Cummins cl ...

Financial Performance - C-COM Satellite Systems Inc. reported revenues of $1.3 million for Q3 2024, an increase from $1.2 million in Q3 2023, contributing to year-to-date revenues of $6.5 million, which is $2 million (46%) higher than the same period in 2023 [2] - The company experienced a net loss of $0.1 million in Q3 2024, but year-to-date net income stands at $0.3 million, significantly above last year's performance [2] Cash Flow and Dividends - As of the end of Q3 2024, C-COM generated $2.9 million in cash flow from operations, leading to an increase in liquidity with cash and investments growing by $1.5 million to $17 million [3] - The company paid out $528,206 in dividends during Q3 2024, maintaining its quarterly dividend payout for 50 consecutive quarters [3] Future Developments - C-COM is finalizing the testing and manufacturing of its advanced multi-orbit Ka-band Electronically Steered Antenna System (ESA), which is designed to operate over all satellite constellations (GEO, MEO, LEO) [6] - The new ESA features a modular and scalable architecture, expanding addressable markets for high-speed mobility connectivity across various applications, including military and security needs [6] - The company is also developing an Analog Beamforming Integrated Circuit, expected to enter the testing phase by the end of the year, aimed at reducing costs and improving performance of ESA antennas [9] Market Position - C-COM is a leading global provider of mobile satellite antenna systems, having sold over 10,000 systems in more than 100 countries [8] - The company serves various vertical markets, including Oil & Gas, Military Communications, and Telemedicine, with its iNetVu® brand recognized for quality and reliability [8]