Cummins Full Year 2024 Earnings: EPS Misses Expectations

Cummins (NYSE:CMI) Full Year 2024 Results

Key Financial Results

• Revenue: US$34.1b (flat on FY 2023).
• Net income: US$3.95b (up 437% from FY 2023).
• Profit margin: 12% (up from 2.2% in FY 2023).
• EPS: US$28.55 (up from US$5.19 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cummins EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.2%.

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are up 3.8% from a week ago.

Risk Analysis

Before you take the next step you should know about the 5 warning signs for Cummins (2 are a bit unpleasant!) that we have uncovered.

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