Cummins Inc. (NYSE: CMI ) is a compounder that's not talked about enough in GARP circles, partly due to the cyclicity of selling engines and power generation equipment. However, over the years, the company has proved itself to be a consistent performer, with steady growthI'm an insurance Case Manager with a deep interest in investing. My investment philosophy is all about buying high quality stocks and great businesses. My favorite businesses are those led by disciplined capital allocators, earn exceptional ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investo ...

A long haul semi truck driving on a highway. RichLegg/E+ via Getty Images In investing, nothing is guaranteed. However, buying great businesses at reasonable or discounted valuations works out more often than not over the long run. Of my picks in recent months, Cummins (NYSE:CMI) provides an example of this in action. When I last covered it with a buy rating in June, I thought its recent and upcoming product launches could reinvigorate growth. The A-rated balance sheet was another positive. Finally, the v ...

文章核心观点 - 艾里逊传动公司的车辆电气化和环境试验中心为康明斯公司提供了一系列卡车动力总成测试服务 [1][2][3] - 该试验中心具备模拟各种实际工况条件的能力,可以帮助客户缩短产品开发和验证周期,加快新技术的市场推广 [2][3] 公司概况 - 艾里逊传动是全自动变速箱和电动推进系统的领导者 [1] - 公司总部位于美国印第安纳波利斯,在150多个国家拥有业务,在美国、匈牙利和印度设有制造基地 [4] - 公司还在印第安纳波利斯、密歇根州奥本山和英国伦敦设有电气化工程中心 [4] - 公司在全球拥有约1,600家独立经销商和经销商网点 [4] 试验中心概况 - 该试验中心位于中西部,占地6万平方英尺,是该地区唯一的此类设施 [2] - 该中心可以对柴油、汽油、天然气、氢和电池电动系统等各种动力系统进行测试 [2][3] - 中心的温控环境和动力计道路模拟可以复制各种极端工况,提高测试结果的可靠性,降低成本 [3]

Recent insider activity at Cummins Inc. (CMI) has raised questions among investors about the future direction of the stock. Sharon Barner, the company's vice president and chief administrative officer, recently sold 4,780 shares at an average price of $300.35 per share, as per a SEC filing on Aug 19. Does this signal a concern about the company's prospects and should you reevaluate your position in the stock?Cummins' Performance and ValuationCummins has had a good run on the bourses, with the stock up 26% y ...

jetcityimage Introduction The American manufacturing industry is not in a great place - neither are the European nor the Chinese. To use the words of Wells Fargo (emphasis added): The ISM Index, a long-trusted bellwether for the manufacturing sector, sunk even deeper into contraction territory in July coming in at 46.8, a reading just spitting distance from its lowest levels of the past three years. Only two components were above the 50-line of demarcation between expansion and contraction: prices paid ...

Hydrogen energy has become a leading alternative energy source, especially with growing concerns about climate change and rising energy costs. While the developments on efficiently converting hydrogen to energy have been ongoing, we’ve seen companies continue to push to make this a leading energy alternative to combat carbon footprint and energy costs. As the market evolves, many investors are looking into hydrogen stocks to buy, hoping to capitalize on this emerging technology’s potential for substantial g ...

The CMI Summit III Welcomes Pat Ryan of Ucore Rare Metals as Keynote Speaker: "Breaking China's Rare Earth Supply Chain Control with Western Innovation"August 09, 2024 11:41 AM EDT | Source: Critical Minerals Institute (CMI)Toronto, Ontario--(Newsfile Corp. - August 9, 2024) - The Critical Minerals Institute (CMI) is pleased to announce that Pat Ryan, P.Eng., Chairman & CEO, Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF), will be a keynote speaker at the upcoming CMI Summit III. This two-da ...

业绩总结 - 2024年第二季度销售额为88亿美元[4] - 净利润为7.26亿美元，每股摊薄收益为5.26美元[4] - EBITDA为13.45亿美元，销售额的15.3%[4] - 2024年第二季度累计销售额为342亿美元[48] - 2024年6月30日，康明斯公司的净利润为7.26亿美元，较2023年同期的7.2亿美元有所增长[133] - 2024年6月30日，康明斯公司的EBITDA为13.45亿美元，较2023年同期的13.04亿美元有所增长[133] 用户数据 - 组件部门、发动机部门、分销部门、动力系统部门和Accelera部门的净销售额为8.796亿美元[5] - 组件部门的销售额下降13%，主要是由于Atmus的分离和中国、欧洲的需求下降[23] - 发动机部门的销售额增长5%，主要受北美中型卡车市场需求强劲推动[26] - 分销部门的销售额增长9%，主要是由于对发电产品需求增加和定价行动[32] - 动力系统部门的销售额增长9%，主要是由于全球发电和矿业需求增加，部分抵消了石油和天然气需求下降[35] 未来展望 - 2024年指导预期销售额下降9%至14%，EBITDA为13.7%至14.2%[67] 新产品和新技术研发 - 组件部门历史表现显示销售额逐年增长[65] - 发动机部门历史表现显示销售额稳定[83] - 分销部门历史表现显示销售额逐年增长[97] - 电力系统部门历史表现显示销售额逐年下降[115] 市场扩张和并购 - 2024年6月30日，康明斯公司的总资产为313.2亿美元，较2023年同期的317.35亿美元略有下降[142] - 2024年6月30日，康明斯公司的净资产为153.98亿美元，较2023年同期的158.67亿美元有所减少[142] 负面信息 - 2024年6月30日，康明斯公司的ROANA为24%，较2023年同期的30%有所下降[150] - 2024年6月30日，康明斯公司的未调整ROIC为12%，较2023年同期的17%有所下降[153]

文章核心观点 - 康明斯公司第二季度业绩超预期,主要得益于发动机、动力系统和分销业务的收入增长 [1] - 公司提高了全年收入和EBITDA的预期指引,主要受益于北美市场的强劲需求 [8] 发动机业务 - 发动机业务收入同比增长5%,达到32亿美元,超出预期 [2] - 北美地区销售增长7%,得益于中型卡车需求强劲和定价调整 [2] - 国际销售增长2% [2] - 该分部EBITDA增至4.45亿美元,占销售14.1% [2] 分销业务 - 分销业务收入同比增长9%,达到28亿美元,超出预期 [3] - 动力产品需求旺盛和定价调整推动了收入增长 [3] - 北美销售增长6%,国际销售增长16% [3] - 该分部EBITDA为3.14亿美元,占销售11.1% [3] 零部件业务 - 零部件业务收入同比下降13%,至30亿美元,符合预期 [4] - 北美收入下降10%,国际收入下降17%,主要受到Atmus业务剥离和欧洲及中国需求下降的影响 [4] - 该分部EBITDA为4.06亿美元,占销售13.6% [4] 动力系统业务 - 动力系统业务收入同比增长9%,至16亿美元,超出预期 [5] - 发电收入增长16%,得益于全球需求增加(尤其是数据中心市场) [5] - 工业收入增长2%,受益于矿业需求强劲 [5] - 该分部EBITDA增至3.01亿美元,占销售18.9% [5] 加速业务 - 加速业务收入同比增长31%,至1.11亿美元,但低于预期 [6] - 该分部税前亏损1.17亿美元,超出预期,主要由于电动动力总成、燃料电池和电解槽以及支持电动车的产品开发成本 [6] 财务状况 - 截至2024年6月30日,现金及现金等价物为15.9亿美元,较2023年12月31日的21.8亿美元有所下降 [7] - 长期债务为54.2亿美元,较2023年12月31日的48亿美元有所增加 [7]