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Cummins Raises 2030 Financial Targets

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Cummins (CMI) said Thursday at its Analyst Day event that it is raising its 2030 financial targets on the back of its investment strategy, stronger market positions, and rising demand.

The company said it now expects revenue of $45 billion to $50 billion, and EBITDA margin of more than 20% in 2030.

Back in 2024, the company projected revenue of $43 billion to $48 billion, and EBITDA of 17% to 18% in 2030.

Shares were down over 4% in afternoon trading.

Price: $637.55, Change: $-32.32, Percent Change: -4.82%

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