CMI - Mergers and acquisitions

Fourth quarter revenues of $8.5 billion; GAAP1 Net Income of $593 million, or 6.9% of sales EBITDA2 in the fourth quarter was 13.5% of sales; Diluted EPS of $4.27 Fourth quarter results include $218 million, or $1.54 per diluted share, of charges related to the Electrolyzer business within Accelera, of which $175 million were non-cash charges Full-year 2025 revenues of $33.7 billion; GAAP Net Income of $2.8 billion, or 8.4% of sales EBITDA for full year 2025 was 16.0% of sales; Diluted EPS of $20.50 Full-year 2025 results include $458 million, or $3.28 per diluted share, of charges related to the Electrolyzer business within Accelera, of which $415 million were non-cash char

First quarter revenues of $8.2 billion; GAAP1 Net Income of $824 million, or 10.1% of sales EBITDA in the first quarter was 17.9% of sales; Diluted EPS of $5.96 Cummins Inc. (NYSE:CMI) today reported results for the first quarter of 2025. "The company delivered strong financial results in the first quarter of 2025 led by record performance in our Power Systems Segment," said Jennifer Rumsey, Chair and CEO. "I want to thank our global employees for their commitment to delivering for our customers in an increasingly challenging environment. Due to growing economic uncertainty driven by tariffs we have withdrawn our full year forecast." First quarter revenues of $8.2 billion decreased 3

Cummins Inc. (NYSE:CMI) today announced the acquisition of assets of First Mode, a leader in retrofit hybrid solutions for mining and rail operations. The acquisition includes hybrid mining and rail product lines, and the full IP portfolio which includes hydrogen and battery powertrain solutions. This technology represents the first commercially available retrofit hybrid system for mining equipment, significantly reducing total cost of ownership (TCO) while advancing decarbonization in operations. In addition, Cummins is acquiring First Mode's commercial portfolio, manufacturing and technical teams in Australia, the United States and Chile. First Mode will continue to serve customers thro

Cummins Inc. (NYSE:CMI) today announced that Cummins Emission Solutions completed its acquisition of two Faurecia commercial vehicle manufacturing plants and their related activities, one in Columbus, Indiana (U.S.), and one in Roermond, Netherlands. Faurecia is a global automotive technology leader and company of the FORVIA Group. "We announced our intent to acquire this portion of Faurecia's business in May of 2023, and the Cummins, Faurecia and FORVIA teams have put forth incredible effort to push this across the finish line in recent months," said Vice President of Cummins Emission Solutions Cary Chenanda. "This acquisition provides an opportunity for the Cummins Emission Solutions bu

Fourth quarter revenues of $7.8 billion; GAAP1 Net Income of $631 million EBITDA in the fourth quarter was 14.2 percent of sales; Diluted EPS of $4.43 Fourth quarter results reflect: $52 million, or $0.36 per diluted share, of favorable discrete tax items. $27 million, or $0.15 per diluted share, of costs related to the integration of Meritor. $19 million, or $0.11 per diluted share, of costs related to the separation of the Filtration business. Excluding the Meritor business and related integration costs and Filtration separation costs, EBITDA in the fourth quarter was 16.1 percent of sales, exceeding our guidance Full year revenues of $28.1 billion; GAAP1 Net Income of $2

Third quarter revenues of $7.3 billion GAAP1 Net Income of $400 million, or 5.5 percent of sales; diluted EPS of $2.82 EBITDA in the third quarter was 12.1 percent of sales Third quarter results reflect: Two months of operations from the acquired Meritor business, including $737 million in revenue and $37 million, or $0.26 per diluted share of GAAP1 Net Loss. Cummins also incurred $25 million, or $0.13 per diluted share, of costs in the third quarter related to the acquisition and integration of Meritor. $16 million, or $0.09 per diluted share, of costs related to the separation of the Filtration business. $57 million, or $0.40 per diluted share, of discrete tax items, primaril

Second quarter revenues of $6.6 billion; GAAP1 Net Income of $702 million (10.7 percent of sales) EBITDA in the second quarter was 16.0 percent of sales; Diluted EPS of $4.94 Second quarter results include $29 million ($0.16 per diluted share) of costs related to the separation of the Filtration business, and benefit of $47 million ($0.33 per diluted share) from adjusting the reserves related to the suspension of our operations in Russia. The company is maintaining its full year 2022 guidance, expecting revenue to be up 8 percent and EBITDA of approximately 15.5 percent. Cummins Inc. (NYSE:CMI) today reported results for the second quarter of 2022. Second quarter revenues of $6.6