1121 ET - Cummins suspends its guidance for 2025, citing uncertainty about the engine maker's exposure to tariffs. The company faces tariff costs on imported components used to make engines in U.S factories, but also potentially falling demand for its engines if the U.S. economy weakens in the second half of the year. "To the extent that we incur tariffs we're going to pass those on," CFO Mark Smith tells analysts during a conference call. "The bigger concern is the broader impact on the overall economic environment." Shares up 2% at $306.64. (Robert.tita@wsj.com)
(END) Dow Jones Newswires
May 05, 2025 11:21 ET (15:21 GMT)
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