Cummins Beats Earnings Estimates But Withdraws Full-Year Guidance Due to Tariffs -- Barrons.com

Dow Jones
05/05

By Joe Light

Another major industrial company is withdrawing its guidance amid President Donald Trump's budding trade war.

Cummins reported earnings per share of $5.96 in the first quarter compared to the $4.85 expected by analysts compiled by FactSet. Revenue came in at $8.174 billion compared to the $8.175 billion analyst consensus.

The first-quarter results were lower than the $14.03 per-share earnings on $8.4 billion in revenue Cummins saw in the first quarter of 2024. Those results were distorted by the spinoff of Atmus Filtration Technologies.

Cummins withdrew its 2025 guidance, with CEO Jennifer Rumsey in a statement citing "growing economic uncertainty driven by tariffs."

Shares of Cummins fell 2.2% to $293.17 in premarket trading. This year, Cummins stock has fallen nearly 14%, compared to a 3.3% drop for the S&P 500.

Columbus, Ind.-based Cummins makes engines, electric-vehicle components and other power-related products.

Write to Joe Light at joe.light@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

 

(END) Dow Jones Newswires

May 05, 2025 08:32 ET (12:32 GMT)

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