Cummins Inc. reported first-quarter 2025 revenues of $8.2 billion, a 3% decrease from the same quarter in 2024. Net income attributable to Cummins was $824 million, or $5.96 per diluted share, compared to $2.0 billion, or $14.03 per diluted share, in Q1 2024, which included a $1.3 billion gain from the Atmus divestiture.
EBITDA for the first quarter was $1.5 billion, representing 17.9% of sales, compared to $2.6 billion, or 30.6% of sales, in Q1 2024. The Power Systems segment delivered a record performance, contributing significantly to the quarter's profitability.
However, due to growing economic uncertainty driven by tariffs, Cummins withdrew its full-year 2025 outlook for revenue and profitability. The company stated it would reinstate its forecast when economic conditions and tariff clarity improve, acknowledging the challenging environment.
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