A semi truck driving down a highway. Navigating A Challenging Macroenvironment Cummins Analyst Day 2024 Presentation The near-term economic environment will likely continue to weigh on earnings throughout 2024. This is why analysts anticipate that non-GAAP diluted EPS will contract by 5.3% to $18.65 in 2024. These ebbs and flows look to be baked into Cummins' guidance of 5% to 7% compound annual growth rates for sales through 2030. Growth in aftermarkets, continued original equipment manufacturing outsourci ...

jetcityimage Building a business is tough. Building a stock-listed company with consistent dividend growth and double-digit annual returns is even harder. Doing this in a cyclical industry takes things to a whole new level. Essentially, there are three major machinery companies on my radar that have done this: Deere & Company (DE). Caterpillar (CAT). Cummins (NYSE:CMI), the star of this article. Since January 2004, CMI shares have returned 17.6% annually! This includes the Great Financial Crisis, the 2015/2 ...

Image Source: Zacks Investment Research Public Storage Insider Buys 2.1k Shares Public Storage's principal business activities include the ownership and operation of self-storage facilities and other related operations, including tenant reinsurance and third-party self-storage management. A director recently made a decent-sized purchase, acquiring roughly 2100 shares at a total transaction value of just under $600k. Given its status as a REIT, income investors could be interested, with shares currently yiel ...

Everyone who has tried generative AI knows it’s a transformational technology. And it isn’t a fad; artificial intelligence will be with us for decades. Let’s highlight some under-the-radar AI stocks to profit from this revolution.Investors have increased their exposure to AI investments as the payoffs of the innovation become clearer. A major focus has been on semiconductor companies like Nvidia (NASDAQ:NVDA) and software stocks like Microsoft (NASDAQ:MSFT). While these industries might still have more upsi ...

The new Cummins lease further solidifies Mohr Logistics Park's status as a blue-chip industrial parkWHITELAND, Ind., May 9, 2024 /PRNewswire/ -- Mohr Capital has secured a lease for more than 1 million square feet at Mohr Logistics Park with Cummins Inc (NYSE: CMI). This is the fifth major lease for the award-winning Class A industrial park, further solidifying Mohr Logistics Park's status as a blue-chip industrial park.Cummins' new long-term lease is for 1,057,350 square feet in Building 6 at Mohr Logistic ...

What you need to know: Cummins is the first announced customer for Verizon Business' all-new Neutral Host Network product. Verizon Business will provide Cummins with both a private 5G network and a neutral host network, providing cellular coverage for distinct private and public use cases at Cummins' Jamestown Engine Plant. A neutral host network can allow employees and the general public, no matter their mobile provider, to achieve a strengthened mobile signal via dedicated network infrastructure on a spec ...

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 ...