The company said its revenue for Q3 2024 was $8.5 billion, flat from a year earlier, and that net income attributable to Cummins was $809 million ($5.86 per diluted share), compared with $656 million ($4.59) a year earlier. EBITDA was 16.4% of sales.

1. 01

   The company said its revenue for Q3 2024 was $8.5 billion, flat from a year earlier, and that net income attributable to Cummins was $809 million ($5.86 per diluted share), compared with $656 million ($4.59) a year earlier. EBITDA was 16.4% of sales.

2. 02

   The company said Distribution sales for Q3 rose 16% to $3.0 billion, with segment EBITDA of $370 million (12.5% of sales), while Power Systems sales rose 17% to $1.7 billion, with segment EBITDA of $328 million (19.4%).

3. 03

   Cummins said it is maintaining its full-year 2024 revenue outlook of a 3% decline to flat. It expects EBITDA of about 15.5%, which it described as the top of its prior 15.0% to 15.5% range.

4. 04

   Cummins reported that operating cash flow for Q3 2024 was $640 million, down from $1,529 million a year earlier, and dividend payments were $250 million. The company also said it raised its quarterly dividend from $1.68 to $1.82 per share.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.