U.S. Movers: Air Lease, Cummins, Lattice Semiconductor

Scott Peters
06 May, 2025
New York City

Cummins Inc. traded flat at $302.30 after the provider of diesel and alternative fuel engines reported first-quarter 2025 results.

Net sales edged down 3% to $8.17 billion from $8.40 billion, net income plunged to $824 million from $1.99 billion, and diluted earnings per share fell to $5.96 from $14.03 a year ago.

“Sales in North America decreased 1%, and international revenues decreased 5% due to lower demand in Latin America and Asia Pacific, partially offset by higher sales in China,” the company said in a release to investors.

The company proposed a quarterly dividend of $1.82 per share, compared to $1.68 per share a year earlier.

Lattice Semiconductor Corp. advanced 0.2% to $54.55 after the semiconductor company reported first-quarter 2025 results.

Revenue increased to $120.15 million from $117.42 million, net income plunged to $5.02 million from $16.51 million, and diluted earnings per share fell to 4 cents from 12 cents a year ago.

The company guided second-quarter revenue to be between $118.5 million and $128.5 million, compared to $124.1 million in 2024, and non-GAAP earnings per share to be between 22 cents and 26 cents, compared to 23 cents a year earlier.

Air Lease Corp. advanced 2.3% to $49.90 after the aircraft leasing company reported first-quarter 2025 results.

Revenue increased to $738.28 million from $663.31 million, net income jumped to $364.75 million from $97.44 million, and diluted earnings per share rose to $3.26 from 87 cents a year ago.

“To date, we have no aircraft delivering to any country that has announced reciprocal tariffs applicable to aircraft,” said John L. Plueger, the company’s CEO and president.

The company continues to benefit from strong global aircraft demand in both leasing and aircraft trading as significant aircraft supply constraints persist, Plueger added in the statement to investors.