Cummins Inc. (NYSE: CMI), which manufactures and distributes a broad portfolio of power solutions, reported a decline in sales and revenues for the first quarter of 2025.
- First-quarter revenues declined 3% year-over-year to $8.2 billion, with North American sales dropping 1%, and international revenues falling 5% amid lower demand in Latin America and Asia Pacific
- Net income for the Q1 plunged to $824 million or $5.96 per share from $2.0 billion or $14.03 per share in the prior-year quarter
- EBITDA was $1.5 billion, or 17.9% of sales, in the March quarter, compared to $2.6 billion, or 30.6% of sales, a year ago
- During the quarter, the company introduced the X10 engine as part of its Cummins HELM platforms, replacing L9 and X12 engine platforms
- It also launched the new Cummins B7.2 diesel engine with the latest technology and advancements
- The management recently announced the acquisition of assets of First Mode, a provider of retrofit hybrid solutions for mining and rail operations
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
IPO News: What to look for when Lumexa Imaging goes public
IPO activity rebounded in the second half of the year, with the technology and healthcare sectors maintaining their dominance in public listings. The recovery has been supported by lower interest
AutoZone (AZO) Q1 2026 Earnings: Key financials and quarterly highlights
AutoZone, Inc. (NYSE: AZO) reported its first quarter 2026 earnings results today. Net sales were $4.6 billion, up 8.2% from the same period a year ago. Same store sales were up
Earnings Preview: General Mills (GIS) projected to report lower sales and earnings for Q2 2026
Shares of General Mills, Inc. (NYSE: GIS) stayed green on Monday. The stock has dropped 8% over the past three months. The branded foods company is scheduled to report its
