Cummins Inc. Reports Strong 2024 Financial Results

Cummins Inc ( (CMI) ) has released its Q4 earnings. Here is a breakdown of the information Cummins Inc presented to its investors.

Cummins Inc., headquartered in Columbus, Indiana, is a global leader in power solutions, offering a diverse range of products including advanced diesel, natural gas, electric, and hybrid powertrains, alongside powertrain-related components. The company is committed to sustainability and aiding customers in the energy transition through its Destination Zero strategy.

Cummins Inc. reported strong financial results for the fourth quarter and full year 2024, despite a decrease in North American heavy-duty truck demand. The company achieved record revenues, net income, EBITDA, and earnings per share for the year. However, the fourth quarter included significant non-cash charges related to the strategic reorganization of its Accelera segment.

Key performance metrics for 2024 include total revenues of $34.1 billion and a net income of $3.9 billion, translating to 11.6% of sales. The company also reported an EBITDA of 18.6% of sales. Notable strategic actions included the introduction of the Cummins HELM engine platforms and full production of the X15N natural gas engine. Additionally, Cummins finalized the separation of Atmus Filtration Technologies and initiated a joint venture with Daimler Trucks & Buses and PACCAR for battery cell production in the US.

In 2025, Cummins projects revenue to fluctuate between a 2% decrease and a 3% increase, with EBITDA expected to range from 16.2% to 17.2% of sales. Despite a flat revenue forecast and anticipated weaker demand in the North American truck market, Cummins aims to improve profitability and cash flow, continuing its focus on strategic growth and shareholder returns.