Cummins Inc.

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SKU: CMI Category:

Description

Cummins delivered a mixed result in the recent quarter, with revenues above market expectations, but it failed to surpass the analyst consensus in terms of earnings. Cummins reported strong demand across key markets and regions, with revenues reaching $8.4 billion, a 15% increase from the previous year. The organic sales growth of 10% was attributed to improved pricing and strong demand for On-highway and power generation products, while the acquisition of Meritor contributed 5% to the overall sales increase. In the quarter, Cummins successfully concluded the acquisition of two Faurecia commercial vehicle manufacturing plants in Columbus, Indiana, and Roermond, Netherlands. This strategic move, complementing Cummins Emission Solutions business, ensures meeting the current and future demand for low-emission products. Furthermore, Cummins announced collaborations leveraging its natural gas X15N engine, aligning with customer decarbonization objectives. Collaborations with Freightliner and Knight Transportation, Inc. highlight successful testing of the X15N engine in heavy-duty trucks, utilizing renewable natural gas to reduce nitrous oxides and greenhouse gas emissions without compromising performance. The X15N, designed specifically for heavy-duty on-highway trucks, is set to launch in North America in 2024. They also revealed their partnership with the Eclipse Foundation, Microsoft, and many industry collaborators in order to introduce a novel and pioneering methodology for the development of telematics software specifically designed for commercial vehicles.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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