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Cummins withdraws 2025 financial forecast on tariff woesThe US 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.By Reuters May 5, 2025, 9:07:21 PM IST (Published)2 Min ReadCummins withdrew its annual forecast on Monday (May 5), joining other vehicle manufacturers that are reassessing expectations as the industry grapples with the mounting uncertainty generated by US President Donald Trump's sweeping import tariffs.

The US 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.

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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 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 of its remaining interest in Atmus Filtration Technologies and restructuring expenses of 15 cents per share.

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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.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsCummins