Cummins (CMI) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter was essentially flat compared with a year earlier. On a sequential basis, revenue declined from the immediately preceding quarter.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter was essentially flat compared with a year earlier. On a sequential basis, revenue declined from the immediately preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.5B
Revenue reported for this quarter.
Quarter-over-quarter
-3.9%
Change from the immediately preceding quarter.
Year-over-year
+0.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$34.2B
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 |
|---|---|---|
| Dec 31, 2023 | $8.5B | +9.9% |
| Mar 31, 2024 | $8.4B | -0.6% |
| Jun 30, 2024 | $8.8B | +1.8% |
| Sep 30, 2024 | $8.5B | +0.3% |
Revenue performance
Net sales were nearly unchanged from the same quarter one year prior, reflecting a modest year-over-year increase. The company reported higher gross margin and operating income compared with the prior-year quarter.
Quarterly comparison
Compared with the immediately preceding quarter, revenue decreased, while compared with the same quarter last year, revenue showed a slight uptick. The sequential decline contrasts with the year-over-year stability.
What to watch
The sequential revenue decline warrants attention, especially given the flat year-over-year comparison.