May. 5 at 1:56 PM
$CMI beat Q1 earnings today. Bulls winning. And 2019–2023 holders have a settlement sitting uncollected.
THE WIN:
Revenue
$8.40B, beat estimates, +2.7% YoY. Power Systems +18% driven by data center backup power demand. FY2026 guidance: +3–8% revenue growth.
$2.00/share quarterly dividend. Analysts: consensus Buy, PT
$643. Up 19% over the past year. The data center + AI power thesis is executing.
THE QUIET PART:
If you held
$CMI between 2/11/2019–12/21/2023, there's a
$1.6M settlement. Cummins allegedly installed illegal defeat devices in its engines, passing emissions tests while polluting more in real-world conditions. Dec 22, 2023: DOJ hit them with a
$1.6B Clean Air Act penalty.
$CMI fell 2.87% overnight, wiping ~
$990M in market value.
~
$0.22/share est. payout. Late claims are being accepted for some time. Filing doesn't touch your current position: 11th.com/cases/cummins-investors-suit