Cummins announces revenue of $9.5 billion, up 9%
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Cummins (NYSE:CMI) reported second-quarter revenue of $9.5 billion, up 9%, as power-generation and North American truck demand supported growth.
Cummins (NYSE:CMI) reported second-quarter revenue of $9.5 billion, up 9%, as power-generation and North American truck demand supported growth.
Cummins (NYSE:CMI) delivered a substantial earnings beat for its fourth quarter on Thursday, as record demand for data center backup power and strong international sales helped the engine maker navigate a persistent slump in the North American heavy-duty truck market.
Cummins (NYSE:CMI) raised its full-year financial targets after record demand for data center power systems drove a strong first-quarter performance, allowing the engine maker to outpace its own growth expectations for the year.
Cummins CEO and Chair Jennifer Rumsey joined Bloomberg Open Interest to break down why the company is thriving despite rising fuel costs. From explosive data center demand to a trucking rebound and regulatory uncertainty, she explains the forces shaping one of America's industrial giants, and what comes next.
RareX (ASX:REE) has been granted a mining lease (M80/648) for its 100% owned Cummins Range Project in Western Australia.
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