Cummins Posts Lower Q4 Profit on Weak Truck Demand
Engine Maker Expects Weaker 2025 On-Highway Truck Market
(Cummins Inc.)
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Weak global heavy-duty truck market demand plus a reorganization of the Accelera decarbonization technology unit hurt Cummins profits in the fourth quarter of 2024, the company said Feb. 4.
Columbus, Ind.-based Cummins posted a $418 million profit in the three months that ended Dec. 31 after taking a $312 million charge on the Accelera strategic review.
In the final quarter of 2023, Cummins posted a $1.431 billion loss after paying a $2 billion fine to settle U.S. Department of Justice charges under the Clean Air Act related to the installation of devices that bypassed emissions sensors on engines in hundreds of thousands of Class 2B and Class 3 Ram trucks.
Overall, the company’s most recent quarter revenue totaled $8.447 billion, a decrease of 1% from $8.543 billion in the same quarter in 2023.
Cummins Reports Strong Fourth Quarter and Full Year 2024 Re…
Revenue from heavy-duty engine sales totaled $980 million …
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