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Cummins Earnings Call: Record Margins Amid Truck Slump
Cummins Inc. (CMI) reported record adjusted EBITDA and margins for 2025 despite a slump in North American truck markets, driven by strong performance in its Power Systems and Distribution segments. The company is actively managing costs, making strategic investments in product innovation, and expects moderate growth and stable profitability for 2026, even with ongoing challenges like tariffs and losses from its Accelera electrolyzer business. Their focused approach on diversified earnings and shareholder returns positions them strongly amidst a challenging economic environment.