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Cummins(CMI) - 2024 Q3 - Earnings Call Presentation
2024-11-05 22:48
业绩总结 - 第三季度收入为85亿美元,同比增长0.3%[2] - GAAP净收入为8.09亿美元,稀释每股收益为5.86美元[2] - EBITDA为13.89亿美元,占销售额的16.4%[2] - 2024年整体收入预期下降3%至持平[9] - 2024年EBITDA利润率预期约为15.5%[12] - 第三季度运营现金流为6.4亿美元,同比下降58%[29] - Cummins整体销售额为342亿美元,EBITDA为53亿美元,EBITDA利润率为15.4%[31] 用户数据 - 分销部门销售额同比增长16%,达到29.52亿美元[23] - 动力系统部门销售额同比增长17%,达到16.87亿美元[25] - Accelera部门销售额同比增长7%,达到1.1亿美元,但EBITDA亏损为1.15亿美元[27] - 合资企业收入总计9900万美元,同比下降16%[29] - 电力系统部门的销售额为61亿美元,EBITDA为10亿美元,EBITDA占比为17.2%[69] 未来展望 - 2024年重型卡车市场北美生产预期为25.5万至27.5万台,同比下降7%至12%[11] - 分销部门2024年销售预期增长8%至11%,EBITDA预期为11.5%至12.0%[66] - 2024年资本支出预期为12亿至13亿美元[9] 财务指标 - 2024年第三季度的净收入为22.30亿美元,较2023年同期的28.77亿美元下降[88] - 2024年第三季度的EBIT为33.84亿美元,较2023年同期的40.04亿美元下降[88] - 截至2024年9月30日,未调整的投资回报率(ROIC)为13%,较2023年同期的17%下降[90] - 截至2024年9月30日,调整后的投资回报率(ROIC)为17%,较2023年同期的18%下降[90] - 截至2024年9月30日,总债务为75.87亿美元,较2023年同期的74.64亿美元增加[91] - 截至2024年9月30日,净债务为53.36亿美元,较2023年同期的44亿美元增加[91] - 截至2024年9月30日,净债务占总资本的比例为28.2%,较2023年同期的23.0%上升[91]
Cummins (CMI) Q3 Earnings and Revenues Beat Estimates
ZACKS· 2024-11-05 22:41
Cummins (CMI) came out with quarterly earnings of $5.60 per share, beating the Zacks Consensus Estimate of $4.89 per share. This compares to earnings of $4.73 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.52%. A quarter ago, it was expected that this engine maker would post earnings of $4.85 per share when it actually produced earnings of $5.26, delivering a surprise of 8.45%.Over the last four quarters, the company has s ...
Cummins(CMI) - 2024 Q3 - Quarterly Results
2024-11-05 20:38
财务业绩 - 第三季度收入为85亿美元,GAAP净收入为8.09亿美元,占销售额的9.6%[1] - 第三季度EBITDA为16.4%,每股摊薄收益为5.86美元[3] - 公司维持2024年全年收入下降3%至持平的指引,EBITDA预期约为15.5%,高于之前15.0%至15.5%的指引[5] - 2024年前9个月净销售额为256.55亿美元,较2023年同期增长0.5%[25] - 2024年前9个月毛利率为24.9%,较2023年同期提高0.7个百分点[25] - 2024年前9个月营业利润为30.18亿美元,较2023年同期增长1.5%[25] - 2024年前9个月净利润为35.28亿美元,较2023年同期增长62.8%[25] 地区销售情况 - 第三季度北美销售下降1%,国际销售增长2%[2] 业务部门表现 - 第三季度发动机分部收入下降1%,动力系统分部收入增长17%[13][15] - 第三季度分销分部收入增长16%,主要受益于数据中心应用的发电产品需求增加和定价行动[14] - 2024年前三季度Components业务销售额为90.38亿美元[46][47] - 2024年前三季度Engine业务销售额为89.92亿美元[49][50] - 2024年前三季度Distribution业务销售额为83.16亿美元[54] - 2024年前三季度Power Systems业务销售额为46.65亿美元[56] 产品销量 - 2024年前三季度发动机总销量为491,500台[52] - 2024年第三季度高马力发动机销量为153,000台[52] - 2024年第三季度中马力发动机销量为79,200台[52] - 2024年第三季度低马力发动机销量为41,400台[52] - 2024年全年电力发电设备销量预计达到9,600台,较2023年同期增长约21.9%[58] - 2024年全年工业设备销量预计达到4,500台,较2023年同期增长约32.8%[58] - 2024年全年总销量预计达到14,100台,较2023年同期下降约25.8%[58] 研发投入 - 第三季度研发投入3.59亿美元,占总销售额的4.2%[31] - 2024年前三季度研发及工程费用为11.07亿美元,占总销售额4.3%[34] 现金流和资本支出 - 2024年前9个月经营活动产生的现金流量净额为6.40亿美元,较2023年同期减少58.1%[28] - 2024年前9个月资本性支出为2.59亿美元,较2023年同期减少7.5%[28] - 第三季度经营活动产生现金流65百万美元[30] - 第三季度投资活动使用现金10.69亿美元[30] - 第三季度筹资活动产生现金5.64亿美元[30] 股利分配 - 公司连续15年增加向股东派发的季度现金股利[8] - 2024年前9个月分红支付为2.50亿美元,较2023年同期增加5.0%[28] 税收优惠 - 2024年第三季度的有效税率为19.2%,前三季度为14.6%,主要受益于出售Atmus业务的非应税收益[38,39,40] - 2024年前三季度每股收益受益于出售Atmus业务的非应税收益,分别增加0.26美元和0.47美元[39,40] - 2023年前三季度的有效税率为21.8%[38] - 2023年前三季度每股收益受益于税收优惠项目,分别增加0.03美元[41,42] 新技术和产能投资 - 公司在德国汉诺威IAA交通展上展示了多种动力总成和零部件技术,包括氢燃料电池发动机等[9] - 公司在西班牙新建了500兆瓦的电解槽制造工厂,未来可扩展至超过1吉瓦[10]
Stay Ahead of the Game With Cummins (CMI) Q3 Earnings: Wall Street's Insights on Key Metrics
ZACKS· 2024-10-31 22:20
Wall Street analysts forecast that Cummins (CMI) will report quarterly earnings of $4.89 per share in its upcoming release, pointing to a year-over-year increase of 3.4%. It is anticipated that revenues will amount to $8.28 billion, exhibiting a decline of 1.8% compared to the year-ago quarter.Over the last 30 days, there has been an upward revision of 1.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their i ...
Cummins (CMI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2024-10-29 23:07
Wall Street expects a year-over-year increase in earnings on lower revenues when Cummins (CMI) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 5. On ...
CMI INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Cummins Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
GlobeNewswire News Room· 2024-10-23 04:00
NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Cummins Inc. (“Cummins” or “the Company”) (NYSE: CMI) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Cummins securities b ...
Allison Transmission Announces B400 and B3400 xFE Uprate to Support Cummins X10 Engine Launch
Prnewswire· 2024-10-22 04:05
Collaboration will achieve EPA27 Phase 3 Emissions Standards compliance.INDIANAPOLIS, Oct. 21, 2024 /PRNewswire/ -- Allison Transmission is pleased to announce an uprate to its proven B400 and B3400 xFE fully automatic transmissions, including retarder models. The increased ratings will ensure Allison continues to offer unrivaled total economic value to bus fleets across North America. The uprated transmission models will now support ratings up to 350 horsepower and 1,150 ft. lbs. of torque. This increase i ...
Why Cummins (CMI) is a Top Dividend Stock for Your Portfolio
ZACKS· 2024-10-22 00:45
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. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by ...
Rosen Law Firm Issues Updated Notice In Securities Class Action Lawsuit on Behalf of Cummins Inc. Investors – CMI
GlobeNewswire News Room· 2024-10-17 05:10
文章核心观点 - 根据诉讼,被告在整个Class Period期间做出了虚假和/或误导性陈述,并/或未披露:(1)尽管在2019年4月发布公告后承诺遵守,但Cummins公司仍继续从2019年到2023年生产带有非法排放欺骗装置的发动机[2][3] (2)因此,Cummins公司低估了其法律和监管风险,并高估了其对环境保护的承诺[2] (3)结果是,被告关于其业务、运营和前景的声明在所有相关时间都存在重大虚假和误导性,和/或缺乏合理依据[2] 根据相关目录分别进行总结 诉讼进展 - 已经提起集体诉讼,法院裁定Richard Kraemer为推定的首席原告人[3] - 任何潜在原告或集体成员可以在2024年12月2日之前向法院提出反驳或挑战Kraemer的首席原告人地位[3] - 任何集体成员或潜在原告也可以在2024年12月2日之前向法院提出成为首席原告人的动议[3] 原告律师事务所信息 - Rosen Law Firm是一家专注于证券集体诉讼和股东衍生诉讼的全球投资者权利律师事务所[5] - Rosen Law Firm在2017年被ISS Securities Class Action Services评为证券集体诉讼和和解数量第一[5] - Rosen Law Firm的律师受到多家独立和知名机构的排名和认可,并为投资者收回了数亿美元[5]
C-Com Reports Third Quarter Results
Newsfile· 2024-10-16 20:00
Ottawa, Ontario--(Newsfile Corp. - October 16, 2024) - C-COM Satellite Systems Inc., (TSXV: CMI) (OTCQB: CYSNF) a leading global provider of commercial grade mobile auto-deploying satellite antenna systems, announced today its financial results for the third quarter ended August 31, 2024. The Company reports revenues of $1.3 million for Q3 2024, as compared to revenues of $1.2 million for Q3, 2023. The increase in sales of $0.1 million over the same period in Q3, 2023 have contributed to the 2024's year-to- ...