CMI - Cummins Q1 Revenue Falls Short As International Demand Weakens: Details | Benzinga
Cummins Inc (NYSE:CMI) reported a first-quarter 2024 slight sales decline of 0.6% year-over-year to $8.401 billion, missing the consensus of $8.449 billion.
The Columbus, Indiana-based company stated that sales in North America were flat YoY, and international revenues decreased by 1%, reflecting lower demand in China and Europe.
Adjusted EPS of $5.10 missed the consensus of $5.13.
The results included a net gain from the Atmus separation of $1.3 billion, or $9.08 per diluted share, after accounting for transaction costs and other expenses, and restructuring expenses of ...