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COLUMBUS, Ind. - Cummins Inc . (NYSE:CMI) reported first quarter earnings that surpassed analyst expectations, while revenue came in slightly below estimates.
The engine manufacturer’s stock edged up 0.72% in premarket trading following the release.
Cummins posted adjusted earnings per share of $5.96 for Q1 2025, beating the analyst consensus of $5.02 by $0.94. Revenue for the quarter was $8.17 billion, just shy of the $8.24 billion analysts had projected.
The company’s first quarter revenues decreased 3% compared to the same period last year. Sales in North America dipped 1%, while international revenues fell 5% due to lower demand in Latin America and Asia Pacific, partially offset by higher sales in China.
Net income attributable to Cummins in Q1 was $824 million, down from $2.0 billion in Q1 2024. However, the prior year quarter included a $1.3 billion gain related to the separation of Atmus.
"The company delivered strong financial results in the first quarter of 2025 led by record performance in our Power Systems Segment," said Jennifer Rumsey, Chair and CEO.
Cummins withdrew its full year forecast, citing growing economic uncertainty driven by tariffs. The company said it remains confident in its position and strategy but looks forward to reinstating guidance when conditions allow.
The Engine segment saw sales decline 5% YoY to $2.8 billion in Q1. Meanwhile, the Power Systems segment posted a 19% sales increase to $1.6 billion, driven primarily by increased power generation demand, particularly for the data center market.
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