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Dec 31, 2020
Cummins Q4 2020 Earnings Report
Cummins reported increased revenues and net income for Q4 2020.
Key Takeaways
Cummins Inc. reported a 5% increase in fourth-quarter revenues to $5.8 billion and a GAAP net income of $501 million. Full year revenues were $19.8 billion with a GAAP net income of $1.8 billion. The company projects full year 2021 revenues to be up 8 to 12 percent.
Fourth quarter revenues increased by 5% to $5.8 billion.
GAAP Net Income for the fourth quarter was $501 million.
Full year revenues were $19.8 billion.
The company expects full year 2021 revenues to be up 8 to 12 percent.
Revenue by Segment
Forward Guidance
Cummins projects full year 2021 revenues to be up 8 to 12 percent, and EBITDA to be in the range of 15.0 and 15.5 percent of sales.
Positive Outlook
- Expect revenues to increase in all regions
- Expect revenues to increase in all major markets except China
- Indicators point to improving demand in a number of key regions
- Indicators point to improving demand in a number of key markets in 2021
- Cummins is in a strong position to keep investing in future growth while continuing to return cash to shareholders
Challenges Ahead
- Significant uncertainty remains
- Continued strong focus on managing costs
- Continued strong focus on managing cash flow
- Still operating under a pandemic with extreme safety measures in place
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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