Cummins(CMI)
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Cummins(CMI) - 2024 Q2 - Quarterly Report
2024-08-01 15:27
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 Commission File Number 1-4949 CUMMINS INC. (Exact name of registrant as specified in its charter) Indiana 35-0257090 (State of Incorporation) (IRS Employer Identification No.) 500 Jackson Street Box 3005 Columbus, Indiana 47202-3005 (Address of principal executive offices) Telep ...
Cummins (CMI) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-08-01 14:36
Cummins (CMI) reported $8.8 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 1.8%. EPS of $5.26 for the same period compares to $5.18 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $8.28 billion, representing a surprise of +6.19%. The company delivered an EPS surprise of +8.45%, with the consensus EPS estimate being $4.85. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...
Cummins (CMI) Q2 Earnings and Revenues Surpass Estimates
ZACKS· 2024-08-01 13:40
Cummins (CMI) came out with quarterly earnings of $5.26 per share, beating the Zacks Consensus Estimate of $4.85 per share. This compares to earnings of $5.18 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 8.45%. A quarter ago, it was expected that this engine maker would post earnings of $5.11 per share when it actually produced earnings of $5.10, delivering a surprise of -0.20%. Over the last four quarters, the company has ...
Cummins(CMI) - 2024 Q2 - Quarterly Results
2024-08-01 11:50
EXHIBIT 99 News Release August 1, 2024 Cummins Reports Strong Second Quarter 2024 Results • Record second quarter revenues of $8.8 billion; GAAP Net Income of $726 million • EBITDA in the second quarter was 15.3% of sales; Diluted EPS of $5.26 • Full year revenues are expected to range from down 3% to flat; an improvement from prior guidance of down 2% to 5%. • EBITDA is now expected to be in the range of 15.0% to 15.5%; an increase from previous guidance of 14.5% to 15.5%. 1 COLUMBUS, IND. - Cummins Inc. ( ...
Cummins Joins SDVerse as a Premier Partner of its One-of-a-Kind Automotive Software Marketplace
GlobeNewswire News Room· 2024-07-24 17:00
DETROIT, July 24, 2024 (GLOBE NEWSWIRE) -- SDVerse, a marketplace for buyers and sellers of automotive software, on July 24th, 2024, announced that global power technology leader Cummins Inc. has joined the first-ever software marketplace, SDVerse, as Premier Partner. With this partnership, Cummins will gain access to innovative solutions, accelerating development with faster procurement, boosting efficiency, performance, and profitability in commercial mobility. SDVerse is a digital marketplace supporting ...
Cummins (CMI) Secures $75M Grant to Transform Indiana Facility
ZACKS· 2024-07-16 15:10
CMI will match the grant, investing an additional $75 million, making a total of $150 million to transform the space and increase production of battery packs, powertrain systems and other battery-electric vehicle (BEV) components for Accelera by Cummins, its zero-emissions division. This expansion is expected to create approximately 250 full-time jobs, with opportunities for the existing employees to transition into these new roles over time. The escalating R&D and engineering expenses on the Accelera segme ...
C-Com Reports Second Quarter Results
Newsfile· 2024-07-15 12:00
• C-Com Reports Second Quarter Results July 15, 2024 8:00 AM EDT | Source: C-COM Satellite Systems Inc. The Company generated revenues of $2,580,514 and net income after taxes of $61,072. Overall gross profit margins remained healthy at 57.5% in Q2. The Company's Q2 2024 working capital of $25.2 million was up $0.8 million from Q2 2023. The Company also announced the payment of its next quarterly dividend in the amount of $0.0125 per common share payable on August 13th, 2024, to all shareholders of record a ...
4 Stocks in Focus That Announced Dividend Hikes Recently
ZACKS· 2024-07-11 13:36
On Jun 27, The Kroger Co announced that its shareholders would receive a dividend of $0.32 a share on Sep 1, 2024. KR has a dividend yield of 2.24%. Over the past five years, The Kroger Co has increased its dividend six times, and its payout ratio at present sits at 25% of earnings. Check The Kroger Co's dividend history here. The rally follows impressive economic data that shows a decline in inflation and a cooling labor market. The consumer price index (CPI) remained unchanged month over month in May afte ...
Cummins (CMI) Hikes Dividend: Should You Invest in the Stock?
ZACKS· 2024-07-11 11:47
Reasonable debt levels and solid operational efficiency allow management to return value to shareholders. Cummins returned $921 million to shareholders via dividends last year. Cummins is aggressively advancing in electrification, fuel cell and hydrogen production technologies, demonstrated by its HELM platform and next-gen diesel engines meeting 2027 regulations. With a $500 million electrolyzer backlog and facility expansions, the company is poised to capitalize on the rising clean energy demand. Lower tr ...
8 Expected Dividend Increases In July 2024
Seeking Alpha· 2024-07-10 19:26
Dividend Stock #4: Hershey's (HSY) PM Images We are starting this list off with a Dividend King. Stanley Black and Decker has had a tough 2024, down 17.56%, due to weakening consumer demand. In reality, this continues the companies long decrease that started in 2023. Last year, the company announced a tiny 1.25% dividend increase, which was well below its average. With continued top line and bottom line pressure, I'm personally not expecting an increase above the company's five-year average. Current Dividen ...