A nonprofit chain of Wisconsin hospitals will replace some of its doctors with services from a national physician staffing agency, WPR has confirmed.
The post Ascension Wisconsin plans to outsource ICU doctors, a move that concerns nurses appeared first on WPR.
Roughly $175 million in tax incremental financing could support Port Washington's future data center campus.
The post Port Washington data center could include $175M in tax incremental financing appeared first on WPR.
COLUMBUS, Ind. — Cummins Inc. (NYSE: CMI) today reported results for the second quarter of 2025.
“We delivered strong second quarter results, driven by record profitability in our Power Systems and Distribution segments,” said Jennifer Rumsey, Chair and CEO. “Our employees’ resilience and commitment continue to power our success in a dynamic environment. We see a contrast across our markets with robust demand for power generation equipment supported by clear secular drivers, and our more economically sensitive markets, such as truck, where end-user confidence has declined. This contrast will become even more pronounced in the second half of the year as North America truck build rates decline sharply, starting in the third quarter. Aftermarket demand for parts and service remains stable.”
Second quarter revenues of $8.6 billion decreased 2 percent from the same quarter in 2024. Sales in North America declined 6 percent, and international revenues increased 5 pecent due to higher demand in Europe and China.
Net income attributable to Cummins in the second quarter was $890 million, or $6.43 per diluted share, compared to $726 million, or $5.26 per diluted share, in 2024.
Earnings before interest, taxes, depreciation and amortization (EBITDA) in the second quarter were $1.6 billion, or 18.4 percent of sales, compared to $1.3 billion, or 15.3 percent of sales, a year ago.
2025 Outlook
Due to continued economic uncertainty, the company will not be reinstating a full-year outlook for revenue or profitability at this time.
“Our diversified portfolio, disciplined cost management and strong execution have enabled us to navigate recent industry challenges,” said Rumsey. “However, persistent economic and regulatory uncertainty continues to impact a number of our key markets and cloud our near-term outlook for both business and market performance. We remain focused on delivering for our customers and look forward to providing additional clarity as this uncertainty subsides.”
Second Quarter 2025 Highlights
Cummins announced an increase in the quarterly common stock cash dividend from $1.82 to $2.00 per share. The company has increased the quarterly dividend to shareholders for 16 consecutive years.
Cummins launched the new 17-liter engine platform generator, expanding on the success of the acclaimed Centum Series generator sets. Producing up to 1 megawatt of power, the S17 Centum genset was developed to produce a large power output within a compact footprint to meet the growing demands of power in urban environments. The new genset is designed to support a wide range of critical market segments such as commercial properties, healthcare facilities and water treatment plants.
Jennifer Rumsey was named one of Barron’s Top CEOs of 2025. Jennifer was recognized for her visionary leadership and commitment to innovation and sustainability. The annual list features 26 leaders whose deft guidance has put their companies in a stronger competitive position.
Second Quarter 2025 Detail (all comparisons to same period in 2024):
Engine Segment
Revenues decreased 8 percent in North America and 7 percent in international markets due to lower on-highway demand in the United States and Mexico.
Components Segment
Revenues in North America decreased by 15% and international sales were flat primarily due to lower on-highway demand in the United States.
Distribution Segment
Revenues in North America increased 9 percent and international sales increased by 4% primarily due to increased demand for power generation products in the United States.
Power Systems Segment
Revenues in North America increased 23% and international sales increased 16% driven primarily by increased power generation demand, particularly for the data center and mission critical markets.
Accelera Segment
Revenues decreased due to lower electrolyzer installations. The company remains committed to pacing and focusing our zero emissions investments on the most promising paths in order to ensure we are set up for long-term success as part of our Destination Zero strategy. These continued investments contributed to the EBITDA losses.
About Cummins Inc.
Cummins Inc., a global power solutions leader, is comprised of five business segments – Engine, Components, Distribution, Power Systems and Accelera by Cummins – supported by our global manufacturing and extensive service and support network, skilled workforce and vast technological expertise. Cummins is committed to its Destination Zero strategy, which is grounded in the company’s commitment to sustainability and helping its customers successfully navigate the energy transition with its broad portfolio of products. The products range from advanced diesel, natural gas, electric and hybrid powertrains and powertrain-related components including aftertreatment, turbochargers, fuel systems, valvetrain technologies, controls systems, air handling systems, automated transmissions, axles, drivelines, brakes, suspension systems, electric power generation systems, electrified power systems with innovative components and subsystems, including battery, fuel cell and electric power technologies and hydrogen production technologies. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 69,600 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $3.9 billion on sales of $34.1 billion in 2024. See how Cummins is powering a world that’s always on by accessing news releases and more information at https://www.cummins.com.
The post Cummins Announces Q3 Financials, Notes Declining Truck End-User Confidence appeared first on School Transportation News.
As smaller newspapers struggle to stay open, some local Wisconsin publishers are finding success through the trust they build in their communities.
The post Wisconsin’s small newspapers endure by fostering community connections appeared first on WPR.
Participation in Wisconsin apprenticeships is at a record high, according to a new report by the Wisconsin Policy Forum.
The post Report: A record number of Wisconsinites are taking apprenticeships in trades appeared first on WPR.
More than a dozen residents spoke out against the plans during a public hearing Monday, raising concerns about the impact of data centers on the environment.
The post Another data center campus could be coming to Racine County appeared first on WPR.
Vendors, exhibitors and volunteers are getting ready for Wisconsin’s 174th State Fair.
The post Wisconsin State Fair will kick off Thursday with longtime attractions and new cream puff flavors appeared first on WPR.
The largest grain terminal at the Port of Duluth-Superior will close by the end of August after almost a century of operation in Superior.
The post Almost century-old grain terminal at Superior port to close next month appeared first on WPR.
Dentists across the country are raising questions after one of Wisconsin’s largest dental insurance companies purchased a Madison-based dental practice with more than 30 locations.
The post Dentists across Wisconsin worry after insurance company buys large dental practice appeared first on WPR.
A lobbying group for Wisconsin restaurants lauds several aspects in President Trump's recent reconciliation law. But a Milwaukee chef says the president’s immigration crackdown and tariffs are causing new concerns.
The post Trump’s spending law aims to help the food industry. But Wisconsin restaurant prices are still likely to go up, industry insiders say appeared first on WPR.
The Beloit Buccaneers have replaced their swashbuckling, Errol Flynn-esque design from the 1970s with a new, grinning skeleton pirate logo.
The post Beloit College leader highlights the school’s first new athletics logo in more than 40 years appeared first on WPR.
Waukesha-based Generac Power Systems unveiled the company’s newest and largest manufacturing facility in Wisconsin on Thursday in Beaver Dam.
The post Generac unveils its newest, largest manufacturing facility in Wisconsin appeared first on WPR.
President Donald Trump’s tariffs are making it harder for Wisconsin businesses to predict the price of raw materials and are straining decades-long relationships with trade partners — and more tariffs are expected to take effect next month.
The post Trump tariffs are straining Wisconsin business relationships, price predictability appeared first on WPR.
SC Johnson plans to move jobs from its Chicago office to a facility in Racine County.
The post SC Johnson moving jobs from Chicago to Racine County appeared first on WPR.
The 2025 NFL draft in Green Bay had a statewide economic impact of more than $104 million, beating pre-draft projections, according to new data from the local visitors bureau.
The post Economic impact of NFL draft in Green Bay soars past pre-event projections appeared first on WPR.
President Donald Trump's massive tax and spending law indefinitely extends the 2017 tax cuts on people. It also includes targeted tax breaks that will largely expire by the end of his second term in office.
The post What does Trump’s budget law mean for Wisconsin taxpayers? appeared first on WPR.
Milwaukee has a shortage of housing, but it has vacant office space. Some developers are turning those empty offices into homes. The trend is likely to alleviate, but not solve, the housing crisis.
The post Milwaukee is part of a trend of turning offices into homes appeared first on WPR.
QTS Data Centers began to consider developing in Wisconsin after working with Alliant Energy on a separate project in Iowa.
The post Developer looks to build data center campus in Dane County appeared first on WPR.
Local leaders reached a tentative deal to move Green Bay’s century-old riverfront coal piles last month. Local leaders reached a tentative deal to move Green Bay’s century-old riverfront coal piles last month. But the downtown home of the mounds of coal likely won’t be development-ready for several years.
The post Despite deal to move Green Bay coal piles, downtown site is still years away from redevelopment appeared first on WPR.
From left to right, Chase Christie, development director for Alaska Solar LLC, Josh Craft, managing partner of Wasilla, Alaska-based Crafty Energy LLC, and Josh Shipley, owner of Alternative Power Enterprises in Ridgeway, Colorado, at the Holiday Inn Express on C Street SW in Washington, D.C., on Wednesday, June 11, 2025, after meeting with staff of U.S. senators about preserving clean energy tax credits in the Republican budget reconciliation bill. (Ashley Murray/States Newsroom)
WASHINGTON — Small business owners and community leaders from rural regions in Western states including Alaska, Colorado, Iowa, Montana, Nebraska, South Dakota and Utah pressed lawmakers on Capitol Hill this week to preserve clean energy tax credits on the chopping block in the Republicans’ “one big beautiful” mega-bill, now in the Senate.
The suite of investment, production and residential tax credits enacted and expanded under the Democrats’ own big budget reconciliation bill in 2022, titled the “Inflation Reduction Act,” incentivized homeowners, car buyers, energy producers and manufacturers to invest in types of energy beyond fossil fuels, with the aim of reducing the effects of climate change.
The credits have spurred hundreds of billions in investment dollars in advanced manufacturing and production since 2022, and contributed to job creation, largely in states that elected President Donald Trump to a second term.
Small business operators and community leaders from rural and mountainous areas of the United States that have benefited from the boom in alternative energy sources say the campaign to end the tax credits will also cause job losses and cut options for consumers.
Chase Christie, director of development for Alaska Solar LLC, said his company installs four to five large-scale solar projects per year in remote Alaskan villages and also fits and services smaller residential solar installations.
“They take a lot of planning, a lot of logistics,” Christie told States Newsroom in an interview Wednesday.
“For going into a remote village where there’s tundra, we might need to go there in the dead of winter so we can work on frozen ground,” he added. “Other places we won’t go until summer. So we have these large gaps in between these larger projects, and a company like ours absolutely relies on the residential installations to keep our workforce going.”
Christie, who met Tuesday with staffers for Alaska’s Republican Sens. Lisa Murkowski and Dan Sullivan, said in January he let a handful of workers go and paused most new hiring.
“Our workforce is roughly half of what it usually is just because we’re not sure which direction things are going to go,” he said.
Christie was among a dozen small energy business owners, municipal government officials and nonprofit employees focused on energy options for low-income households who States Newsroom spoke to Wednesday.
A spokesperson for Sullivan said in a statement: “Senator Sullivan supports energy projects that lower costs for Alaska. The Senator and his team have been meeting with a number of Alaskans about energy tax credits. As we wait for text from the Senate Finance Committee, the Senator is working with his colleagues to ensure that the bill strikes the right balance between promoting stable and predictable tax policy, advancing projects that benefit Alaska, and addressing the need to reduce the federal deficit.”
Murkowski’s office did not immediately respond to a request for comment.
Senators are hashing out language for the massive Republican agenda bill that will extend and expand the 2017 tax law, costing roughly $3.8 trillion, and cut spending in other areas to offset the price tag.
A contingent of House Republicans, who have dubbed the tax credits the “green new scam,” won on accelerating the expiration of the energy tax credits and tightening restrictions on eligibility as a way to pay for individual and corporate tax cuts that Trump campaigned on.
The language in a section of the House bill, passed 215-214 on May 22, titled “Working Families Over Elites,” terminates the Energy Efficient Home Improvement Tax Credit, worth up to $3,200 for homeowners who make energy upgrades to their property.
Among the slate of other affected IRA tax credits, the House bill also speeds up the expiration of the Clean Electricity Investment Tax Credit, a credit dating back decades that was updated in 2022.
The credit is available to taxpayers who invest in “energy property,” including solar installations to provide electricity and heat, fuel cells, small wind turbines, geothermal pumps, and other electricity-producing technologies.
House Republicans wrote provisions to eliminate the credit for facilities placed into service after 2028 and end eligibility for projects that don’t begin construction within 60 days of the bill’s enactment.
The credit is worth up to 30% of the cost of the project, plus two bonus credits up to 10% each if the project includes mostly domestically produced material and if it’s located in an “energy community,” meaning a place where a coal plant has closed or where unemployment reaches a certain threshold.
The bill also repeals a taxpayer’s ability to transfer the tax credits as a way to finance a project, and introduces restrictions on foreign-made components that industry professionals say essentially makes the credit unworkable.
Critics point to the cost of the tax credits.
The nonpartisan Committee for a Responsible Federal Budget estimated, as of June 4, the elimination of the clean energy investment and production tax credits will save roughly $249 billion over the next decade.
Alex Muresianu, senior policy analyst at the Tax Foundation, a right-of-center think tank that advocates for lower taxes, said Thursday in a new analysis that “The final House bill makes impressive cuts to the IRA green energy tax credits, but it does so in part by introducing more complexity.”
The group is advocating for senators to reduce the tax credit rates and make clearer complicated language, like the provision around “foreign entities of concern.”
But Logan Smith, weatherization program manager for the Human Resource Development Council in central Montana, argues the credits have been a lifeline for lower-income rural residents.
“If I can get solar panels on each of the clients’ homes, that means that their power is going to stay on in the middle of winter,” Smith said. “Because every winter we plan for losing power for about a week, that’s just something we grew up with. … But if we have solar panels, the power stays on, the heat stays on.”
Ralph Waters, owner of SBS Solar in Missoula, Montana, became emotional when talking about how an early termination of the tax credits could slow his business and result in having to lay off half his workforce.
He criticized the politicization of the tax incentives.
“Montana is deeply red, but it’s also a very practical place. And so green energy renewables becomes a taboo phrase somehow,” Waters said. “The practical energy needs are undeniable, and so if we can get past our disagreements about the phraseology and realize that it’s electrons, watts, and amps. And it’s cheaper.”
The offices of Montana GOP Sens. Steve Daines and Tim Sheehy did not respond to a request for comment.
Login