Cummins (CMI) Tops Q1 EPS by 63c

Cummins (NYSE: CMI) reported Q1 EPS of $4.20, $0.63 better than the analyst estimate of $3.57. Revenue for the quarter came in at $6 billion versus the consensus estimate of $5.84 billion.

2019 Outlook:

Based on the current forecast, Cummins is maintaining its 2019 revenue guidance of flat to up 4 percent driven primarily by increased demand in North America on-highway markets. EBITDA is expected to be in the range of 16.25% to 16.75% of sales, an increase from the prior range of 15.75% to 16.25% of sales, primarily due to lower projected material costs. The Company expects to return 75 percent of Operating Cash Flow to shareholders in 2019 in the form of dividends and share repurchases.

Our outlook does not include any potential impact of the company’s recently announced review of its emission certification process and compliance with emissions standards.

For earnings history and earnings-related data on Cummins (CMI) click here.

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