Cummins Q3 net income rises to $809 million; diluted EPS $5.86 vs. $4.59
Cummins reported third-quarter 2024 revenue of $8.5 billion, flat year over year, and net income attributable to Cummins of $809 million, up from $656 million a year earlier. The company now expects full-year 2024 EBITDA of about 15.5% of sales, at the top of its prior 15.0% to 15.5% range, while keeping its full-year revenue guidance of down 3% to flat. The company also raised its quarterly dividend from $1.68 to $1.82 per share.
Key points
- Q3 2024 diluted EPS was $5.86, compared with $4.59 in Q3 2023; net income attributable to Cummins was $809 million versus $656 million.
- Q3 2024 EBITDA was 16.4% of sales, compared with 14.6% a year earlier.
- Full-year 2024 EBITDA guidance is about 15.5%, versus the prior range of 15.0% to 15.5%; revenue guidance of down 3% to flat was maintained.
- Quarterly common stock dividend increased from $1.68 to $1.82 per share.
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.