$531.330
-1.381 (-0.26%)At close
CMI News
CMI Events
EquipmentShare Signs Multi-Year Agreement with Cummins
EquipmentShare.com (EQPT) announced a multi-year fleet agreement with Cummins (CMI). This relationship positions EquipmentShare as a key rental and distribution channel for Cummins, with expected fleet growth to 1 gigawatt of natural gas power generation capacity to support major energy projects across the United States. As the U.S. experiences a surge in industrial development and critical infrastructure, contractors face a critical bottleneck: regional utility providers are struggling to keep pace with soaring power demand. According to the North American Electric Reliability Corporation, peak electricity demand in the U.S. is projected to surge by over 220 gigawatts over the next decade. The strategic investment in Cummins power generation products, including the commitment to utilize the C1400N6C, a 60Hz continuous lean burn gas generator set capable of delivering between 1400 - 1750 kVA of power, will establish EquipmentShare as a leading provider of temporary power, microgrid, and battery energy storage solutions for mission-critical infrastructure projects nationwide
EquipmentShare Signs Multi-Year Fleet Agreement with Cummins
EquipmentShare.com (EQPT) announced a multi-year fleet agreement with Cummins (CMI). This relationship positions EquipmentShare as a key rental and distribution channel for Cummins, with expected fleet growth to 1 gigawatt of natural gas power generation capacity to support major energy projects across the United States. As the U.S. experiences a surge in industrial development and critical infrastructure, contractors face a critical bottleneck: regional utility providers are struggling to keep pace with soaring power demand. According to the North American Electric Reliability Corporation, peak electricity demand in the U.S. is projected to surge by over 220 gigawatts over the next decade. The strategic investment in Cummins power generation products, including the commitment to utilize the C1400N6C, a 60Hz continuous lean burn gas generator set capable of delivering between 1400 - 1750 kVA of power, will establish EquipmentShare as a leading provider of temporary power, microgrid, and battery energy storage solutions for mission-critical infrastructure projects nationwide
Cummins Reports Q2 Revenue of $9.457B
Reports Q2 revenue $9.457B, consensus $9.34B. "Cummins delivered record second-quarter results, reflecting robust customer orders for standby power for data centers and improving North American truck markets," said Jennifer Rumsey, Chair and CEO of Cummins. "Rising demand and disciplined execution drove record performance as we continue to perform well in a complex macroeconomic environment. We are raising our expectations for full year performance and expect the second half of the year to be stronger than the first half. With greater regulatory clarity in on-highway markets in the U.S. and continued momentum across key markets, we are well positioned to deliver for our customers and generate profitable growth."
Cummins Raises 2026 Revenue Guidance to 10%-13% Growth
Based on its current forecast, Cummins is raising its full-year 2026 revenue guidance to be up 10% to 13%, due to stronger demand across several markets, particularly North America on-highway, China construction and power generation. EBITDA is expected to be in the range of 18.0% to 18.5%, compared to our prior guidance of 17.75% to 18.5%, excluding the charges related to the sale of the fuel cell business in the first quarter. "We're raising our financial outlook for 2026 as demand continues to outpace expectations across several key markets," said Jennifer Rumsey, Chair and CEO of Cummins. "North American truck markets continue to improve, while demand for data center power generation remains robust. Our market-leading positions and talented global workforce position us well to capitalize on these trends, meet our customers' needs, invest in future growth and continue delivering strong returns for shareholders."
Cummins Updates 2027 North American Product Launch Plans
Cummins announced updates to its Model Year 2027 North American on-highway product launch plans following its review of the U.S. Environmental Protection Agency's recently proposed changes to upcoming emissions regulations. Based on the proposed rule, Cummins intends to use the implementation flexibilities outlined by EPA to support a measured transition to its new HELM engine platforms. The approach is designed to maintain regulatory compliance, support customer production schedules and provide additional time to ramp production. "Our long-term product strategy has not changed," said Jennifer Rumsey, Chair and Chief Executive Officer of Cummins Inc. "This is about improving the transition, not changing the destination. A phased production ramp will allow us to support customers while building confidence in our new products through real-world operation and maintaining our focus on quality."
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.