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Mar 31
Cummins Q1 2025 Earnings Report
Cummins reported a net income of $824 million on $8.2 billion in revenue for Q1 2025.
Key Takeaways
Cummins delivered strong Q1 results with record performance in the Power Systems segment, but withdrew full-year guidance amid economic uncertainty and tariff pressures.
Revenue for Q1 2025 was $8.2 billion, down 3% from the prior year.
Net income was $824 million, driven by solid performance across segments, especially Power Systems.
EPS came in at $5.96, with no adjustments reported.
The company withdrew its full-year forecast due to growing global economic uncertainty.
Cummins
Cummins
Cummins Revenue by Segment
Cummins Revenue by Geographic Location
Forward Guidance
Cummins withdrew its full-year 2025 forecast due to increasing economic uncertainty and tariff-related risks.
Positive Outlook
- Record performance in Power Systems segment
- Strong EBITDA margin of 17.9%
- New product launches including the X10 and B7.2 engines
- Successful acquisition of First Mode's hybrid technology assets
- Accelera secured a major 100MW electrolyzer contract for bp's Lingen project
Challenges Ahead
- Full-year guidance withdrawn due to economic uncertainty
- Revenue declined 3% year-over-year
- Decline in Engine and Components segment revenues
- Cash flow from operations turned slightly negative
- Pressure from tariffs and weakening demand in Latin America and Asia Pacific
Revenue & Expenses
Visualization of income flow from segment revenue to net income