NYSE$CMI
Cummins Inc (Ex. Cummins Engine Inc) · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Cummins reported a decrease in revenue due to lower truck production and weaker demand, but delivered strong profitability supported by cost reduction actions.
Cummins Inc. reported a decrease in first-quarter revenue by 17% to $5.0 billion compared to the same quarter in 2019. The decrease was attributed to lower truck production in North America and weaker demand in global construction, mining, and power generation markets. Net income attributable to Cummins was $511 million ($3.41 per diluted share), compared to $663 million ($4.20 per diluted share) in 2019.
- First quarter revenues decreased by 17 percent from the same quarter in 2019, totaling $5.0 billion.
- Net income attributable to Cummins in the first quarter was $511 million ($3.41 per diluted share).
- EBITDA in the first quarter was $846 million (16.9 percent of sales).
- The company completed restructuring actions in the quarter that will yield annual cost savings of $250 to $300 million in 2020.
Headline financials
Revenue & EPS history
Cummins · Revenue · Quarterly
$5.01B
Revenue by segment
Cummins · $6.37B total across 5 segments · Q1 2020
- Engine$2.16B-18.7%33.9%
- Distribution$1.81B-9.3%28.5%
- Components$1.5B-19.3%23.6%
- Power Systems$884M-17.9%13.9%
- Accelera$10M—0.2%
Forward guidance
Due to uncertainty related to the coronavirus pandemic, the company is not providing revenue or profitability guidance for 2020. The company does expect a significant impact to its second quarter results due to disruptions across customer and supplier operations and lower end market demand.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+0.6%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+1.5%
Avg return
30 days after
56%
41 / 73 earnings
Positive
+9.3%
Q3 2024
Best reaction
-10.7%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.0% | +3.4% | +1.8% | |
| Q4 2025 | -10.7% | -2.9% | -11.0% | |
| Q3 2025 | +5.2% | +8.4% | +16.3% | |
| Q2 2025 | +3.2% | +7.0% | +10.9% | |
| Q1 2025 | +0.7% | +2.3% | +7.7% | |
| Q4 2024 | +4.4% | +6.8% | -1.0% | |
| Q3 2024 | +9.3% | +9.5% | +16.3% | |
| Q2 2024 | -0.5% | +0.2% | +7.2% | |
| Q1 2024 | -1.1% | +1.1% | -0.8% | |
| Q4 2023 | +2.9% | +4.4% | +10.4% | |
| Q3 2023 | +3.6% | +0.7% | +3.8% | |
| Q2 2023 | -9.8% | -9.1% | -9.8% | |
| Q1 2023 | -4.3% | -3.5% | -11.8% | |
| Q4 2022 | -1.7% | -3.6% | +0.1% | |
| Q3 2022 | -1.2% | -0.9% | +3.5% | |
| Q2 2022 | -0.0% | +1.0% | -1.3% | |
| Q1 2022 | +7.1% | +3.5% | +8.6% | |
| Q4 2021 | +0.9% | -1.3% | -10.8% | |
| Q3 2021 | -4.0% | -3.4% | -12.0% | |
| Q2 2021 | +0.9% | +0.0% | +3.5% | |
| Q1 2021 | +2.9% | +5.0% | +2.9% | |
| Q4 2020 | -2.5% | +4.0% | +12.9% | |
| Q3 2020 | -3.2% | -0.4% | +4.4% | |
| Q2 2020 | +4.1% | +1.2% | +8.8% | |
| Q1 2020 | +9.1% | +4.0% | +12.1% | |
| Q4 2019 | +2.2% | -1.3% | -8.7% | |
| Q3 2019 | -3.0% | -1.9% | +2.7% | |
| Q2 2019 | -5.7% | -8.8% | -14.3% | |
| Q1 2019 | +0.8% | +3.1% | -3.4% | |
| Q4 2018 | -0.1% | -1.1% | +3.2% | |
| Q3 2018 | +4.0% | +8.0% | +12.8% | |
| Q2 2018 | +1.8% | +3.2% | +3.2% | |
| Q1 2018 | -8.6% | -9.6% | -10.9% | |
| Q4 2017 | -3.5% | -8.4% | -11.1% | |
| Q3 2017 | -4.2% | -4.0% | -7.2% | |
| Q2 2017 | -6.0% | -4.6% | -5.1% | |
| Q1 2017 | +4.8% | +2.7% | +6.1% | |
| Q4 2016 | +3.3% | +4.3% | +4.0% | |
| Q3 2016 | -4.8% | -2.7% | +11.6% | |
| Q2 2016 | +0.4% | +2.9% | +3.0% | |
| Q1 2016 | -1.8% | — | — | |
| Q4 2015 | +9.2% | — | — | |
| Q3 2015 | -7.9% | — | — | |
| Q2 2015 | +5.2% | — | — | |
| Q1 2015 | -0.9% | — | — | |
| Q4 2014 | -5.8% | — | — | |
| Q3 2014 | +6.8% | — | — | |
| Q2 2014 | -4.3% | — | — | |
| Q1 2014 | +3.9% | — | — | |
| Q4 2013 | +6.0% | — | — | |
| Q3 2013 | -7.0% | — | — | |
| Q2 2013 | +4.1% | — | — | |
| Q1 2013 | -8.5% | — | — | |
| Q4 2012 | +1.3% | — | — | |
| Q3 2012 | +5.3% | — | — | |
| Q2 2012 | +3.5% | — | — | |
| Q1 2012 | +1.4% | — | — | |
| Q4 2011 | +0.3% | — | — | |
| Q3 2011 | +8.3% | — | — | |
| Q2 2011 | -1.5% | — | — | |
| Q1 2011 | +0.4% | — | — | |
| Q4 2010 | +1.6% | — | — | |
| Q3 2010 | -0.9% | — | — | |
| Q2 2010 | +2.9% | — | — | |
| Q1 2009 | -2.1% | — | — | |
| Q1 2010 | +1.2% | — | — | |
| Q4 2007 | +5.2% | — | — | |
| Q4 2009 | +5.2% | — | — | |
| Q3 2008 | -4.0% | — | — | |
| Q3 2009 | -4.0% | — | — | |
| Q2 2009 | +8.3% | — | — | |
| Q2 2008 | +8.3% | — | — | |
| Q4 2008 | +8.3% | — | — |
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