Cummins Inc.

NYSE:CMI   10:44:47 AM EDT
260.42
-5.90 (-2.22%)
Officer Changes, Other Pre-Announcement

Cummins CEO Says Optimistic That Supply Situation Will Improve In H2 2021 But Strong Demand Will Make It Difficult For Supply Chain To Catch Up-Conf Call

Published: 05/04/2021 15:24 GMT
Cummins Inc. (CMI) - Cummins Inc CEO Says We Were Particularly Encouraged by the Significant Growth of Our Components Business in Q1-conf Call.
Cummins CEO Says Optimistic That Supply Situation Will Improve in H2 2021 But Strong Demand Will Make It Difficult for Supply Chain to Catch Up Unless Industry Extends Order Cycle.
Cummins CEO Says We Continue to Expect Domestic On-highway Demand to Decline in China.
Cummins CEO Sees Weaker Demand in H2 in China Driven in Part by Transition to New National Standard Vi Emissions Regulations for Trucks Beginning in July.
Cummins CEO Says Demand for Power Generation and Construction Equipment Rebounded Strongly in Q1 As Economic Activity Continued to Improve.
Cummins CEO Sees Industry Demand for Trucks to Be Up 90% Compared to 2020 Levels; Other Businesses Are Showing Promising Growth Due to Continued Infrastructure Investment.
Cummins CEO Sees Lower Demand in All End Markets in Q2 Due to New Lockdowns As a Result of an Increase in Covid-19 Cases.
Cummins CFO Says Strength of Demand, Order Backlogs and Lack of Inventory in the Pipeline Indicate That Some Level of Elevated Costs Are Likely to Continue in Coming Qtrs.
Cummins CFO Says Continued Strong Demand for Trucks and Construction Equipment in China Led to the Strong Performance in Q1.
Cummins CFO Says Engine Business Bore the Brunt of Premium Freight Costs and Other Associated Efficiencies Arising From Supply Chain Disruptions.