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Cummins withdraws 2025 financial forecast on tariff woes
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Cummins withdraws 2025 financial forecast on tariff woes
May 26, 2025 1:05 AM

May 5 (Reuters) - Cummins withdrew its annual

forecast on Monday, joining other vehicle manufacturers that are

reassessing expectations as the industry grapples with the

mounting uncertainty generated by U.S. President Donald Trump's

sweeping import tariffs.

The U.S. truck-engine maker had previously projected 2025

revenue growth ranging from a 2% decrease to a 3% increase, with

core profit expected to comprise 16.2% to 17.2% of sales.

"Due to growing economic uncertainty, the company is not

providing an outlook for revenue or profitability for the

remainder of 2025" Cummins said in its earnings release.

The North American trucking market, already dealing with an

oversupply of equipment, is now confronted with new challenges

arising due to the erratic import tariffs.

General Motors ( GM ) pulled its annual forecast earlier

this month, days after pausing plans to buy back $2 billion of

shares in the first half of the year.

For the quarter ended March 31, Cummins reported net income

of $824 million, or $5.96 per share compared to $2 billion, or

$14.03 apiece last year.

Quarterly profit came in lower as it included a $9.08 per

share charge related to the split-off its remaining interest in

Atmus Filtration Technologies ( ATMU ) and restructuring

expenses of 15 cents per share.

Net sales for the first quarter came in at $8.17 billion,

slightly below the estimates of $8.19 billion, according to data

compiled by LSEG.

Shares of the company fell 1.5% in premarket trading.

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