Cummins(CMI)

Search documents
3 Hydrogen Stocks Poised for Explosive Growth by 2025
Investor Place· 2024-08-13 11:30
Hydrogen energy has become a leading alternative energy source, especially with growing concerns about climate change and rising energy costs. While the developments on efficiently converting hydrogen to energy have been ongoing, we've seen companies continue to push to make this a leading energy alternative to combat carbon footprint and energy costs. As the market evolves, many investors are looking into hydrogen stocks to buy, hoping to capitalize on this emerging technology's potential for substantial g ...
The CMI Summit III Welcomes Pat Ryan of Ucore Rare Metals as Keynote Speaker: "Breaking China's Rare Earth Supply Chain Control with Western Innovation"
Newsfile· 2024-08-09 15:41
● . ● | --- | --- | |-------|----------------------------------------------| | | | | | China's Rare Earth Supply Chain Control with | August 09, 2024 11:41 AM EDT | Source: Critical Minerals Institute (CMI) Toronto, Ontario--(Newsfile Corp. - August 9, 2024) - The Critical Minerals Institute (CMI) is pleased to announce that Pat Ryan, P.Eng., Chairman & CEO, Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF), will be a keynote speaker at the upcoming CMI Summit III. This two-day event, themed "The Politics o ...
Cummins(CMI) - 2024 Q2 - Earnings Call Presentation
2024-08-01 18:39
Second Quarter 2024 Earnings Teleconference August 1, 2024 CONTENTS Q2 2024 Summary 2024 Guidance Q2 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 regardin ...
Cummins (CMI) Q2 Earnings & Sales Top Estimates, Increase Y/Y
ZACKS· 2024-08-01 16:36
Cummins Inc. (CMI) reported second-quarter 2024 earnings of $5.26 per share, which increased from $5.18 per share recorded in the corresponding quarter of 2023. The bottom line also surpassed the Zacks Consensus Estimate of $4.85 per share. The outperformance was driven by higher-than-expected revenues from the Engine, Power Systems and Distribution segments. Cummins' revenues totaled $8.8 billion, compared with $8.64 billion recorded in the year-ago quarter. The top line beat the Zacks Consensus Estimate o ...
Cummins(CMI) - 2024 Q2 - Earnings Call Transcript
2024-08-01 15:41
Cummins Inc. (NYSE:CMI) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Chris Clulow - Vice President, Investor Relations Jennifer Rumsey - Chair & Chief Executive Officer Mark Smith - Chief Financial Officer Conference Call Participants Steven Fisher - UBS Jamie Cook - Truist Securities Steve Volkmann - Jefferies Jerry Revich - Goldman Sachs Angel Castillo - Morgan Stanley David Raso - Evercore ISI Tami Zakaria - JPMorgan Tim Thein - Raymond James Noah Kaye - Oppenheimer Je ...
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 ...