Cummins Inc. (CMI) reported that its first-quarter net income to company decreased to $282 million or $1.49 per share, from $455 million or $2.38 per share last year. Net sales decreased to $3.92 billion from $4.47 billion prior year.
Net income attributable to Cummins excluding special items was $271 million or $1.44 per share, compared to $455 million or $2.38 per share last year.
On average, 18 analysts polled by Thomson Reuters expected the company to report profit of $1.86 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $3.97 billion for the quarter.
First-quarter revenues were down 12 percent from the first quarter of 2012. Revenues in North America declined by 15 percent and international revenues declined by 10 percent as the company experienced weaker demand in most major geographies and end markets. Based on the current forecast, the company expects full year revenues to be flat to down 5%.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.