Cummins Inc. Reports Strong First Quarter Performance and Unveils New Technologies
Key Ideas
- Cummins Inc. reported first-quarter revenues of $8.2 billion, showcasing strong financial performance and a focus on innovation.
- The company unveiled new technologies such as the X10 and B7.2 engines, demonstrating a commitment to delivering advanced solutions to customers.
- Cummins also acquired assets of First Mode, expanding its portfolio to include hydrogen and battery powertrain solutions for mining and rail operations.
- Accelera, a subsidiary of Cummins, announced the supply of a 100-megawatt PEM electrolyzer system for a green hydrogen project in Germany, marking significant progress in the hydrogen sector.
Cummins Inc., based in Columbus, United States, announced its first-quarter results for 2025, with revenues of $8.2 billion and a GAAP net income of $824 million. The company's CEO highlighted the financial success despite economic uncertainty and withdrawal of the full-year forecast due to tariffs. Cummins introduced the X10 and B7.2 engines for heavy and medium-duty customers, emphasizing performance and efficiency. Additionally, the acquisition of First Mode's assets expanded Cummins' capabilities to offer hydrogen and battery solutions for the mining and rail industries. Accelera, a Cummins subsidiary, revealed the supply of a large PEM electrolyzer system for a green hydrogen project in Germany, aligning with the company's Destination Zero strategy for sustainability and innovation.