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Stock impact report

Cummins Reports First Quarter 2024 Results [Yahoo! Finance]

Cummins Inc. (CMI) 
Last cummins inc. earnings: 4/28 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
First quarter results include a net gain of $1.3 billion, or $9.08 per diluted share, related to the separation of Atmus and $29 million, or $0.15 per diluted share, of restructuring expenses. The company is raising its guidance for full year 2024 revenue and EBITDA after adjusting for the separation of Atmus. Full year revenues are expected to decline 2% to 5%; prior guidance was also down 2% to 5% but assumed the inclusion of Atmus revenues for the full year. EBITDA is now expected to be in the range of 14.5% to 15.5%; an increase from previous guidance of 14.4% to 15.4% which also included Atmus for the full year. COLUMBUS, Ind., May 02, 2024 BUSINESS WIRE )--Cummins Inc. (NYSE: CMI) today reported results for the first quarter of 2024. "We continued to see strong demand from customers in the first quarter of 2024, reflecting the quality and performance of our products," said Jennifer Rumsey, Chair and CEO. "We delivered solid profitability and also completed the separat Show less Read more
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