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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.
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
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
- Global supply chains are facing challenges as the industry responds to rising demand across multiple end markets
Revenue & Expenses
Visualization of income flow from segment revenue to net income