Cummins Inc. (NYSE: CMI), which manufactures and distributes a broad portfolio of energy options, reported a decline in gross sales and revenues for the primary quarter of 2025.
- First-quarter revenues declined 3% year-over-year to $8.2 billion, with North American gross sales dropping 1%, and worldwide revenues falling 5% amid decrease demand in Latin America and Asia Pacific
- Internet earnings for the Q1 plunged to $824 million or $5.96 per share from $2.0 billion or $14.03 per share within the prior-year quarter
- EBITDA was $1.5 billion, or 17.9% of gross sales, within the March quarter, in comparison with $2.6 billion, or 30.6% of gross sales, a yr in the past
- In the course of the quarter, the corporate launched the X10 engine as a part of its Cummins HELM platforms, changing L9 and X12 engine platforms
- It additionally launched the brand new Cummins B7.2 diesel engine with the newest expertise and developments
- The administration lately introduced the acquisition of property of First Mode, a supplier of retrofit hybrid options for mining and rail operations
