How did Cummins' revenue and expenses perform in Q4 2024?

**Cummins' Q4 2024 financial performance showed strong revenue growth and a notable net income, despite increased expenses.**

1. **Revenue Performance**:
- Cummins reported a robust revenue of $11.35 billion in Q4 2024.
- The company's revenue was well-distributed across its segments, with significant contributions from the Distribution, Components, and Engine segments, each generating over $6 billion in revenue.
2. **Net Income**:
- Cummins achieved a net income of $445 million in Q4 2024.
- This marked a substantial improvement from the net loss of $1.4 billion recorded in the same quarter of the previous year.
3. **Expense Analysis**: There was no available data on operating expenses for Q4 2024. However, it is important to note that the company's strategic reorganization actions related to Accelera, a subsidiary, resulted in charges of $312 million, or $2.14 per diluted share. These charges were primarily non-cash, indicating a managed expense strategy despite the financial impact.
4. **Comparative Insights**: When compared to the previous year, Cummins' performance in Q4 2024 showed a significant improvement in both revenue and net income. This was despite a decline in heavy-duty truck demand in North America and a decrease in international revenues.
5. **Institutional Confidence**: Institutional investors showed confidence in Cummins, with several notable investments, including Nomura Asset Management Co. Ltd., which grew its position by 4.4%, and Executive Wealth Management LLC, which bought a new position valued at approximately $9,538,000.

In conclusion, Cummins' Q4 2024 financial results reflect a company that has navigated challenges effectively, achieving strong revenue and net income figures despite strategic reorganization actions. The absence of data on operating expenses limits a full analysis, but the available information suggests a controlled expense environment despite significant restructuring costs.