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Cummins delivered a mixed set of results for the quarter, surpassing the revenue expectations of Wall Street but missing out on earnings. Among some major events in the quarter, one was the completion of the acquisition of Meritor, the leading global supplier of mobility, braking, drivetrain, electric powertrain, and aftermarket solutions for industrial and commercial markets. Also, through its subsidiary Meritor, Cummins announced the completion of its acquisition of the commercial vehicles bus
Companies: Cummins (CMI:NYSE)Cummins Inc. (CMI:NYS)
Baptista Research
Cummins delivered a third consecutive all-around beat in a quarter that was marked by a number of significant developments including many ke partnerships. The company announced partnerships with Daimler Truck, Scania, and North America for delivering fuel cell electric powertrains for heavy-duty truck applications, with Komatsu on developing haulage equipment zero-emission which includes hydrogen fuel cell solutions for the large mining haul truck applications. It also achieved a significant mil
Cummins continued its steady, mid-single-digit growth trajectory since the start of 2022 and reported a revenue of $6.4 billion, up 5% from the previous year. Due to a sharp slowdown in China, the company’s international revenues fell by 3% but sales in North America increased by 12%. The company’s international top-line was negatively impacted by 2% due to unfavourable currency movements. The company has gone on to highlight their new advanced range of fuel-agnostic combustion engines, which ha
Companies: Cummins Inc. (CMI:NYS)Cummins Inc. (0I58:LON)
Cummins had a good top-line performance in 2021, as a result of the economic recovery and a high demand for its products. The management has also taken several steps to improve their margins in 2022 including cost optimization and improved efficiency in operations. They also expect to see significant incremental growth from increased pricing and surcharges and cost-cutting initiatives in their supply chain and operations. Moreover, Cummins continues to gain traction in the New Power market by fo
Cummins reported a decent level of full-year revenues in 2021, thanks to a robust economic recovery and high demand for its products. The management has also taken several steps to improve their margins in 2022 including cost optimization and improved efficiency in operations. They also expect to see significant incremental growth from increased pricing and surcharges and cost-cutting initiatives in their supply chain and operations. Moreover, Cummins continues to gain traction in the New Power
Cummins reported a decent result and showed a 16.6% growth in quarterly revenues on a year-on-year basis which was largely driven by a strong consumption of engines. Its core Engine segment saw a staggering 22% jump in revenues driven by a combination of North American truck demand as well as off-highway revenues resulting from construction demand in North America, Asia-Pacific, and Europe. Its new new 15-liter natural gas engine for heavy-duty trucks for customers looking to reduce greenhouse g
Cummins reported another all-around beat as the company’s revenues grew significantly after a 272% increase in engine shipments to Stellantis as compared to 2020. The companys Power Generation revenues also grew by a staggering 48% as a result of a high demand in recreational vehicle, standby power and data center markets as well as the Chinese market. Cummins is making strides in its hydrogen fuel cells and electrolyzers business and the company has deployed more than 2,000 fuel cells and 600 e
Research Tree provides access to ongoing research coverage, media content and regulatory news on Cummins Inc.. We currently have 0 research reports from 3 professional analysts.
We are reiterating our Buy rating and price target for Starco Brands, but lowering our 2024 and 2025 projections to primarily reflect higher marketing costs to support multiple newly announced door expansions for each of the company's key brands beginning in 2Q24 and concentrated in 4Q24. We believe Starco's offerings are poised to take highly material leaps, with major expansions at over 10,00 doors in 2024, which we believe will position the company for material, multi-year top line growth and
Companies: ELF EL STCB EPC COTY IPAR DGE IPAR EL UNILEVER EPC STCB ELF COTY
Small Cap Consumer Research LLC
Surface Transforms (SCE) has announced the raising of £6.5m new equity and is launching an Open Offer to shareholders. It is raising capacity and quarterly revenue but has needed to address the two sets of production constraints it faced: scrappage and process-line pinch points. Pinch points have been much reduced through capital expenditure and expert maintenance teams. Major capital expenditure is ongoing and unaffected by the fund raise. The scrappage from the fast ramping up of volumes is re
Companies: Surface Transforms PLC
Hardman & Co
IG Design Group’s trading update for the year ended 31 March 2024 has exceeded market expectations in terms of both profitability and, most significantly, cash generation. The FY24 results confirm the progress the group has made on its strategic journey to simplify the business and improve operational efficiency. Notwithstanding ongoing uncertainty on the economic backdrop and consumer expenditure, the group remains confident of delivering its target of returning to its pre-Covid adjusted operat
Companies: IG Design Group plc
Progressive Equity Research
Dowlais Group’s first set of results were ahead of our expectations, with positive cash generation a highlight despite restructuring and demerger costs. Softer automotive markets will limit margin progress in FY24 towards the double-digit target. Despite this, margins of c 6.5% are still ahead of automotive peers, although the shares trade at a significant discount to our implied generic peer-based valuation.
Companies: Dowlais Group PLC
Edison
Spectra Systems (SPSY) has an excellent record in growing profits through its highly regarded technology and relationships with key clients, which include a prominent global central bank. Now, the company is ready for the next stage, and we see the acquisition of Cartor Security Printers as a game-changer in enhancing its ability to continue, and potentially accelerate, this momentum, even as it continues to benefit from a near-term, multi-million-dollar sensor refresh programme with a long-term
Companies: Spectra Systems Corporation
WHIreland
Revelation Biosciences is a life sciences company whose development of immunologic-based therapies is based on the well-established biology of phosphorylated hexaacyl disaccharide (PHAD) and its effect on the innate immune system. The company announced 1Q2024 results and we remind investors that the company has begun Phase I trials on its Gemini project and has funding needs met through 2024, which is extremely positive for a clinical stage company.
Companies: Revolution Beauty Group plc (REVB:LON)Revelation Biosciences, Inc. (REVB:NAS)
Zacks Small Cap Research
Ceres Power Holdings’ innovative technology uses electrolysis to produce green hydrogen and solid oxide fuel cells to generate power. In a year where it moved to the Main Market of the London Stock Exchange, it recorded revenue growth of 13% and gross margin expansion to 61% (the highest in the sector, according to management), but is yet to record an operating profit (FY23 operating loss of £59.4m versus £54.0m in FY22). Ceres continued its strategy to drive innovation and technology across sol
Companies: Ceres Power Holdings plc
9th May 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced Dish of the day Admissions: Delistings: E-Therapeutics (ETX.L) has left AIM. Advanced Oncotherapy (AVO.L) has left AIM. What’s baking in the oven? ** Potential**** Initial Public Offerings: 7th May: Time To ACT plc, an engineering business focused on technology for the energy transition sector, has a
Companies: ARV BIRD CCT ECK FDEV WATR AREC AEE
Hybridan
Shoe Zone’s AGM statement has said FY24E trading is expected to be marginally below previous expectations due to a higher cost environment, including elevated container prices resulting from the ongoing tensions in the Suez Canal, combined with the larger-than-envisaged 10% increase in the national living wage, effective from April. We take a prudent approach to our outlook for H2, with lower gross margin driving a 9.3% downgrade to FY24E adj. EPS. Despite today’s trim to forecasts, Shoe Zone’s
Companies: Shoe Zone PLC
Zeus Capital
Please find below our weekly update covering themes that we feel that are of interest to investors and participants in the small and mid-cap TMT sector as well as commentary on recent newsflow.
Companies: CSFS MBT PPS MIRI
Allenby Capital
Canaccord Genuity
Dowlais Group’s positive trading update, with growth ahead of the market and continued margin expansion, provides another marker in delivering on the stated strategy. Management intends to drive profitable growth through the EV transition and expand the underlying operating margin to 11% (FY22: 6.6%). Delivery on these targets will highlight the quality of the operations and valuation discrepancy.
AFC has made strong progress with products and its manufacturing strategy. Despite heavy investment, the cash position, at £27.4m, was slightly better than our estimate for £26.9m, demonstrating good discipline. The monthly cash burn rate (at c. £1.3m) is tracking in-line with our expectations. Generally, we maintain our estimates for significantly increased sales in FY24e and FY25e, with the cash position unchanged. Recent news on commercial progress has been positive. The 30kW H-Power Generato
Companies: AFC Energy plc
This morning's announcement from SPSY highlights the company's innovative technology in the interest of “meet[ing] clients' needs”. A global first from SPSY, today's news heralds the first polymer banknote substrate which will be certified as sourced and manufactured through an accredited circular supply chain, commencing with Toray Plastics America, SPSY's partner. This new development follows on from SPSY's invention of the Fusion substrate, a transformative technology which we expect to mak
Having experienced a difficult 18 -months, the year-end trading update confirms a good step-up in Q4 revenue, with greater operational availability and no further technical issues. The increase in quarterly output is expected to gain momentum through FY25 and beyond. The Company believes the worst of its growing pains are behind it. Recent placing and loan agreement funding enables it to accelerate capex, with the increase to a £50m capacity footprint by mid-2024. It expects further new contract
Cavendish
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