Cummins Inc. (NYSE:CMI) Q4 2023 Earnings Conference Call February 6, 2024 10:00 AM ET Company Participants Conference Call Participants Operator I will now turn the conference over to, Chris Clulow, Vice President of Investor Relations. You may begin. Thank you. Good morning, everyone and welcome to our teleconference today to discuss CumminsÂ' results for the fourth quarter and full year of 2023. Participating with me today are Jennifer Rumsey, our Chair and Chief Executive Officer, and Mark Smith, our Chi ...

Cummins Inc. (CMI) reported fourth-quarter 2023 earnings of $4.14 per share, which declined from $4.52 per share recorded in the corresponding quarter of 2022. The bottom line also missed the Zacks Consensus Estimate of $4.41 per share. Cummins’ revenues totaled $8.54 billion, up from $7.77 billion recorded in the year-ago quarter. The top line also beat the Zacks Consensus Estimate of $8.08 billion.Key TakeawaysIn the reported quarter, sales in the Engine segment were up 5% year over year to $2.8 billion. ...

Cummins (CMI) reported $8.54 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 10%. EPS of $4.14 for the same period compares to $4.52 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $8.08 billion, representing a surprise of +5.79%. The company delivered an EPS surprise of -6.12%, with the consensus EPS estimate being $4.41.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how th ...

Cummins (CMI) came out with quarterly earnings of $4.14 per share, missing the Zacks Consensus Estimate of $4.41 per share. This compares to earnings of $4.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.12%. A quarter ago, it was expected that this engine maker would post earnings of $4.63 per share when it actually produced earnings of $4.73, delivering a surprise of 2.16%.Over the last four quarters, the company has s ...

Engine Segment Selected Financial Data 23 24 25 26 1 "NM" - not meaningful information | --- | --- | --- | |-----------------|-------|-------| | $ MILLIONS | 2023 | 2022 | | Components | 97 | 71 | | Engine1 | 251 | 191 | | Distribution | 97 | 77 | | Power Systems | 53 | 43 | | Accelera | (15) | (2) | | Total JV Income | 483 | 380 | Joint Venture Income - Quarter Cash Flow - Quarter 30 32 • Disciplined investment for growth 2023 Revenue by Segment Cummins Inc. • Capitalizing on global emissions regulations 2 ...

Cummins Inc. (CMI) is slated to release fourth-quarter 2023 results on Feb 6 before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share and revenues is pegged at $4.41 and $8.08 billion, respectively.For the fourth quarter, the consensus estimate for CMI’s earnings per share has moved down by a penny in the past 30 days. Its bottom-line estimates imply a decline of 2.43% from the year-ago reported number.The Zacks Consensus Estimate for its quarterly revenues sugges ...

In the latest trading session, Cummins (CMI) closed at $242.97, marking a +1.53% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 1.25% for the day. Meanwhile, the Dow experienced a rise of 0.97%, and the technology-dominated Nasdaq saw an increase of 1.3%.Shares of the engine maker witnessed a gain of 0.66% over the previous month, beating the performance of the Auto-Tires-Trucks sector with its loss of 11.14% and underperforming the S&P 500's gain of 1.58%.The investm ...

The upcoming report from Cummins (CMI) is expected to reveal quarterly earnings of $4.41 per share, indicating a decline of 2.4% compared to the year-ago period. Analysts forecast revenues of $8.08 billion, representing an increase of 3.9% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 2.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company announ ...

Cummins (CMI) closed at $240.63 in the latest trading session, marking a +0.75% move from the prior day. The stock's change was more than the S&P 500's daily loss of 0.07%. On the other hand, the Dow registered a gain of 0.16%, and the technology-centric Nasdaq decreased by 0.36%.Heading into today, shares of the engine maker had lost 0.72% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 12.12% and lagging the S&P 500's gain of 3.05% in that time.Market participants will be closely fol ...

Cummins’ (CMI) Accelera, PACCAR (PCAR) and Daimler Truck AG have chosen Marshall County, MS, as the future site for their joint venture's (JV’s) advanced battery cell manufacturing. The investment for the factory in Mississippi is estimated to be in the range of $2-$3 billion.The collaboration aims to localize battery cell production for commercial electric vehicles (EVs). It will foster economic growth, create over 2,000 manufacturing jobs in the United States and support the adoption of electric vehicles ...