earnings
confidence high
sentiment positive
materiality 0.75
Cummins Q3 EPS $5.86; raises FY EBITDA guidance to ~15.5%; dividend up 8.3%
CUMMINS INC
2024-Q3 EPS reported
$25.31
revenue$25,655,000,000
- Q3 revenue $8.5B flat YoY; GAAP net income $809M; diluted EPS $5.86 vs $4.59 YoY.
- EBITDA $1.4B (16.4% sales) vs 14.6% YoY; full-year EBITDA guidance raised to ~15.5% (top of 15.0%-15.5%).
- Quarterly dividend increased to $1.82/share from $1.68, 15th consecutive annual increase.
- Power Systems sales +17% (data center demand); Distribution +16%; Engine -1%; Accelera EBITDA loss -$115M.