In the Q2, Cummins Inc 's corporate clients experienced a deterioration by -16.49 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -18.36 %. During the corresponding time, Cummins Inc recorded a revenue increase by 9.42 % year on year, sequentially revenue grew by 12.61 %. While revenue at the Cummins Inc 's corporate clients recorded rose by 12.8 % year on year, sequentially revenue grew by 10.47 %.
Customers of Cummins Inc saw their costs of revenue deteriorate by -16.49 % in Q2 compare to a year ago, sequentially costs of revenue were trimmed by -18.36 %, for the same period Cummins Inc recorded revenue increase by 9.42 % year on year, sequentially revenue grew by 12.61 %.
Cummins Inc's Comment on Sales, Marketing and Customers
The company serves principal customers across various engine markets. Its heavy-duty truck engine customers include PACCAR Inc., Traton Group, and Daimler Trucks AG. Medium-duty truck and bus engine customers include Daimler, Traton, and PACCAR. Light-duty automotive engine customers include Stellantis, Anhui Jianghuai Automobile Group Co., Ltd., Volkswagen Caminhões e Ônibus, and China National Heavy Duty Truck Group. Industrial engines are supplied to manufacturers of construction and agricultural equipment such as Hyundai Heavy Industries, Komatsu Ltd., J.C. Bamford Excavators Ltd., Zoomlion Heavy Industry Science & Technology Co., Ltd., Xuzhou Construction Machinery Group, Guangxi LiuGong Machinery Co., Ltd., JLG Industries, Inc., and SANY Heavy Industry Co., Ltd. Truck original equipment manufacturers (OEMs) that produce some or all of their own engines include Daimler, PACCAR, Traton, Volvo Powertrain, Ford Motor Company, China First Auto Works, Dongfeng Motor Corporation, CNH Industrial, and Isuzu. The Components segment serves markets primarily in North America, Europe, South America, Asia Pacific, China, and India, providing drivetrain and braking systems mainly for commercial vehicle and industrial applications, as well as emission solutions for commercial on- and off-highway light-duty, medium-duty, heavy-duty, and high-horsepower engine markets in North America, Europe, China, India, Brazil, and Asia Pacific.
In the heart of Guadalajara, Spain, a beacon of hope for sustainable energy has recently caught the attention of none other than Spanish Prime Minister Pedro Sánchez. This state-of-the-art facility, operated by Accelera by Cummins Cummins Inc. s zero-emissions business segment is not merely a manufacturing plant, but a symbol of the European Union s broader energy transition agenda.During the Prime Minister s visit, the spotlight was firmly on Accelera’s electrolyzer manufacturing capabilities. Electrolyzers are crucial in producing hydrogen fuel, a clean and renewable energy source that could significantly reduce carbon footprints across various sectors. For Spain and the EU, initiatives like these are e...
In turbulent times for the industrial sector, Cummins showcases innovation while tackling economic challenges Cummins Inc. (NYSE: CMI), a leader in global power and technology, today unveiled its latest advancement in diesel technology the B7.2 diesel engine. With a legacy of innovation underpinning its renowned B-Series engine platform, the introduction took place at the NTEA Work Truck Week in Indianapolis, marking a significant step forward for medium-duty applications. However, this unveiling contrasts sharply with the recent fiscal turbulence affecting the company s customer base, raising questions about the broader economic climate. B7.2 Diesel: A Testament to Continuous Innovation Brett Merritt, Vice...
Cummins Inc. recently revealed the final results of its exchange offer, allowing shareholders to excha...
Cummins Inc’s Comment on Sales, Marketing and Customers
The company serves principal customers across various engine markets. Its heavy-duty truck engine customers include PACCAR Inc., Traton Group, and Daimler Trucks AG. Medium-duty truck and bus engine customers include Daimler, Traton, and PACCAR. Light-duty automotive engine customers include Stellantis, Anhui Jianghuai Automobile Group Co., Ltd., Volkswagen Caminhões e Ônibus, and China National Heavy Duty Truck Group. Industrial engines are supplied to manufacturers of construction and agricultural equipment such as Hyundai Heavy Industries, Komatsu Ltd., J.C. Bamford Excavators Ltd., Zoomlion Heavy Industry Science & Technology Co., Ltd., Xuzhou Construction Machinery Group, Guangxi LiuGong Machinery Co., Ltd., JLG Industries, Inc., and SANY Heavy Industry Co., Ltd. Truck original equipment manufacturers (OEMs) that produce some or all of their own engines include Daimler, PACCAR, Traton, Volvo Powertrain, Ford Motor Company, China First Auto Works, Dongfeng Motor Corporation, CNH Industrial, and Isuzu. The Components segment serves markets primarily in North America, Europe, South America, Asia Pacific, China, and India, providing drivetrain and braking systems mainly for commercial vehicle and industrial applications, as well as emission solutions for commercial on- and off-highway light-duty, medium-duty, heavy-duty, and high-horsepower engine markets in North America, Europe, China, India, Brazil, and Asia Pacific.
Sources:
Cummins Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Cummins Inc’s corporate clients.
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