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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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