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Sep 27, 2020
Cummins Q3 2020 Earnings Report
Cummins reported strong profits and record operating cash flow, despite a revenue decrease.
Key Takeaways
Cummins Inc. reported third-quarter results with revenues of $5.1 billion, a decrease of 11% compared to the same quarter in 2019. However, the company achieved a net income of $501 million and a record quarterly operating cash flow of $1.2 billion.
Third quarter revenues were $5.1 billion; GAAP Net Income was $501 million.
Third quarter EBITDA was 17.1 percent; Diluted EPS was $3.36.
The company produced record quarterly operating cash flow of $1.2 billion.
Total liquidity increased to $6.5 billion, including cash and marketable securities of $3.3 billion.
Cummins
Cummins
Cummins Revenue by Segment
Revenue by Segment
Engine Revenue
CapyFin.comComponents Revenue
CapyFin.comDistribution Revenue
CapyFin.comPower Systems Revenue
CapyFin.comAccelera Revenue
CapyFin.com Forward Guidance
The company expects fourth quarter revenues to be similar to third quarter levels.
Positive Outlook
- Higher demand in North America truck markets
- Continued improvement in aftermarket sales
Challenges Ahead
- Lower demand in China
- Visibility on future orders remains low
- The impact of the virus on economies around the world remains difficult to predict
Revenue & Expenses
Visualization of income flow from segment revenue to net income