Cummins Inc. reported strong operational results in the fourth quarter and full year despite continued weakness in North America truck markets.
The company's Distribution and Power Systems segments achieved record full-year sales and profitability as a result of disciplined execution and robust demand for data center backup power. Despite this, the company recorded charges related to its electrolyzer business within the Accelera segment due to shifts in hydrogen adoption expectations.
These actions aimed at streamlining operations and reducing ongoing costs in light of the weaker outlook for demand. In 2025, Cummins made significant progress in advancing key strategic priorities while continuing to raise performance cycle over cycle.
The company's disciplined cost management, diversified portfolio, and effective execution allowed it to deliver strong results despite persistent market uncertainty and change. Full-year 2025 revenues decreased 1% from 2024, with sales in North America decreasing 3% and international revenues increasing 2%.
37 per diluted share, in 2024. 0% of sales.
Cummins remains well-positioned to invest in future growth, deliver strong financial results, and return cash to shareholders in 2026.
Cummins' ability to maintain profitability despite a challenging market environment is a testament to the company's disciplined approach to cost management and its diversified portfolio. As the company looks to the future, it will be important to monitor how it navigates the changing landscape of hydrogen adoption expectations.
