Cummins (CMI) Revenue — Quarter Ended Mar 31, 2024
Revenue declined slightly in the current quarter. The decrease was driven by lower sales compared to both the prior quarter and the same period last year.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue declined slightly in the current quarter. The decrease was driven by lower sales compared to both the prior quarter and the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.4B
Revenue reported for this quarter.
Quarter-over-quarter
-1.6%
Change from the immediately preceding quarter.
Year-over-year
-0.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$34B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $8.6B | +31.2% |
| Sep 30, 2023 | $8.4B | +15.0% |
| Dec 31, 2023 | $8.5B | +9.9% |
| Mar 31, 2024 | $8.4B | -0.6% |
Revenue performance
Revenue for the quarter was lower than the immediately preceding quarter, continuing a pattern of modest sequential declines.
Quarterly comparison
Compared to the same quarter one year earlier, revenue also decreased, reflecting a year-over-year contraction.
What to watch
Revenue has stayed within a narrow range over recent quarters, warranting attention to any signs of sustained direction.