Cummins posted $8.2 billion in first quarter 2025 revenue, with power generation as the strongest segment. The company’s first quarter revenues were a 3-percent year-over-year decline compared to the same period in 2024. Sales in North America dropped 1 percent and international revenues decreased 5 percent because of lower demand in Latin America and Asia Pacific, partially offset by higher sales in China.
“The company delivered strong financial results in the first quarter of 2025, led by record performance in our Power Systems Segment,” said Jennifer Rumsey, chair and CEO. “I want to thank our global employees for their commitment to delivering for our customers in an increasingly challenging environment. Due to growing economic uncertainty driven by tariffs, we have withdrawn our full year forecast. While the outlook for the remainder of the year remains unclear, we remain confident in our position and that our Destination Zero strategy is the right one. Cummins is in a strong position to navigate through economic uncertainty, and we look forward to reinstating our forecast when conditions allow.”
EBITDA in the first quarter were $1.5 billion, or 17.9 percent of sales, compared to $2.6 billion, or 30.6 sales in the first quarter of 2024.
Sales in the Power Systems Segment totaled $1.6 billion, up 19 percent year over year. Segment EBITDA was $389 million, or 23.6 percent of sales, compared to $237 million, or 17.1 percent of sales a year ago. Revenues in North America increased 15 percent and international sales increased 22 percent driven primarily by increased power generation demand, particularly for the data center market.
The Engines segment posted sales of $2.8 billion, a 5-percent year-over-year decline. Revenues decreased 4 percent in North America and 11 percent in international markets because of lower on-highway demand in the United States and Latin America.
The Components Segment reported $2.7 million in sales, down 20 percent. Revenues in North America decreased 20 percent, primarily because of the separation of Atmus and lower on-highway demand in the U.S. and Europe. The Distribution Segment had sales of $2.9 billion, a 15-percent increase as revenues in North America jumped 22 percent primarily because of increased demand for power generation products in North America and favorable pricing.
The Accelera Segment posted sales of $103 million, an 11-percent hike, with revenues improving because of increased eMobility demand and electrolyzer installations. The company remains committed to pacing and focusing its zero emissions investments as part of its Destination Zero strategy.
Cummins is headquartered in Columbus, Ind.
