• Cummins raised its annual revenue growth forecast to 8%-11%, from a prior view of 3%-8%, driven by demand for power-generation equipment.
  • Demand tied to AI-driven data-center expansion continued to underpin sales of generators.
  • North America truck markets began to improve from a cyclical low during the quarter, CEO Jennifer Rumsey said.
  • First-quarter revenue rose 2.7% to $8.4 billion, above analysts’ average estimate of $8.35 billion.
  • The Power Systems segment, which makes generators, posted a 19% jump in first-quarter sales.
  • Shares were up 4% in premarket trading.

Sources & Links