COLUMBUS, Ind. – Cummins Inc. reported the results for the second quarter of 2025 on Tuesday.
“We delivered strong second quarter results, driven by record profitability in our Power Systems and Distribution segments,” said Jennifer Rumsey, Chair and CEO. “Our employees’ resilience and commitment continue to power our success in a dynamic environment. We see a contrast across our markets with robust demand for power generation equipment supported by clear secular drivers, and our more economically sensitive markets, such as truck, where end-user confidence has declined. This contrast will become even more pronounced in the second half of the year as North America truck build rates decline sharply, starting in the third quarter. Aftermarket demand for parts and service remains stable.”
Second quarter revenues of $8.6 billion decreased 2% from the same quarter in 2024. Sales in North America declined 6%, and international revenues increased 5% due to higher demand in Europe and China.
Net income attributable to Cummins in the second quarter was $890 million, or $6.43 per diluted share, compared to $726 million, or $5.26 per diluted share, in 2024.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) in the second quarter were $1.6 billion, or 18.4% of sales, compared to $1.3 billion, or 15.3% of sales, a year ago.
Due to continued economic uncertainty, the company said it will not be reinstating a full-year outlook for revenue or profitability at this time.
“Our diversified portfolio, disciplined cost management, and strong execution have enabled us to navigate recent industry challenges,” said Rumsey. “However, persistent economic and regulatory uncertainty continues to impact a number of our key markets and cloud our near-term outlook for both business and market performance. We remain focused on delivering for our customers and look forward to providing additional clarity as this uncertainty subsides.”
Cummins highlights for the second quarter of 2025 were:
- An increase in the quarterly common stock cash dividend from $1.82 to $2.00 per share, and has increased the quarterly dividend to shareholders for 16 consecutive years
- Launched the new 17-liter engine platform generator with up to 1 megawatt of power, designed to support a wide range of critical market segments such as commercial properties, healthcare facilities, and water treatment plants
- Jennifer Rumsey was named one of Barron’s Top CEOs of 2025
Get more details on Cummins’ second quarter of 2025 here.
