-U.S. truck engine maker Cummins on Thursday reported third-quarter results above Wall Street estimates, driven by strong demand for its power generation systems and distribution segments, sending its shares up more than 7% before the bell.
The company said it would not provide an outlook for the rest of 2025 but plans to issue a forecast for the next financial year in February.
Cummins cushioned the impact of a slowdown in North American truck demand by capitalizing on robust growth in data center power systems and its clean energy arm, Accelera.
The company’s Power Systems segment – which manufactures generators – was up 18% in the quarter from a year earlier, its Distribution segment – which handles global sales, service and support – rose 7%. Accelera’s revenue was up 10%.
The Indiana-based company reported an adjusted profit of $5.59 per share. Analysts, on average, had expected $4.81 per share, according to data compiled by LSEG.
Cummins’ quarterly revenue of $8.32 billion beat estimates of $7.97 billion.
The company increased its quarterly dividend to $2.00 per share from $1.82.
(Reporting by Apratim Sarkar; Editing by Vijay Kishore)