Jerry Revich

you mentioned you booked Prime Power large recips for now 6 data center projects

Any update on how those conversations are tracking

your biggest strategic priorities over the next, call it, two to three years

your solar turbine lead times

in Engine it's nice to see the positive margin revision for the year

if you folks can comment on how far out lead times extend for your 95-liter engines

Can you update us on how you are thinking about potentially adding capacity in power systems for the diesel variant and also what are the updated thoughts around potential natural gas product

should we be thinking about that as the run rate going forward as we think about what incremental volumes could look like

In the scenario that EPA27 doesn't move forward, can you just talk about Cummins' response in that environment

I'm wondering if you could just update us on how much more throughput you expect to get out of the supply base in 2025

Can you just calibrate us, I believe, including the JV and wholly-owned business, China truck profits are maybe 10% of total company profits

I'm wondering if you wouldn't mind just talking about volume trends that you've seen in March and April, if you're willing to comment? And separately, can you just update us on your pricing expecta...

International Solutions had good margin expansion in the quarter on strong cost control given the pricing cadence, can you just expand on the drivers of cost improvement

what the guidance embeds for U.S. aggregates volumes and pricing over the course of the year? And any comments on timing of price increases

I'm wondering if you just talk about the assets that you folks acquired over the past year plus. Are you expecting outsized margin improvement on the acquired assets

Can you folks talk about your expected See & Spray acreage covered this year

Just trying to understand, were there any higher pool funds or other incentives? And is this pace of destock sustainable based on what you're seeing?

any expectations on acres coverage and overall as we look back on fiscal 2025, any update on progress on the subscription build-out that you can share?

Can you just talk about globally expectations for Ag Essentials and Sense Sprayer kits for this year

I'm wondering if you could just expand on the pool funds program and the use of pool funds to help the trade-ins for the late model year equipment

I'm wondering if you could just talk about what kind of conversion rates you're seeing between IHCs into orders

can we just expand on the cadence of the standby business over the course of 2025

do you have the resources on hand from essentially a capacity standpoint to ramp up to get to potentially double-digit organic growth?

their -- the industry group is talking about a return to '24 levels of highs of CapEx for semis into next year

Could you just double click for us in terms of the drivers of the share gains?

where you see the industry headed in five years now that the tools are getting better and better

which end markets I think we need to see that pipeline turn into bookings if we are talking about the high end of outlook

Are you folks expanding the scope of what you are doing within data centers? Or is it people are looking further out to lock in services?

are there any other projects that are of similar vintage or a similar risk within the portfolio

nearly half of your dollar growth in the quarter. Can you just talk about how much runway you have to grow in those regions?

at the operating level, what kind of difference in performance that you're seeing or any developments that are notable as a result of the change in focus

what do you think is a reasonable target or a bogey where you can drive that business over time? Are we talking about tens of basis points improvements?

I believe this is the first time I recall you saying that. Can you just expand on what value-added M&A would look like

I'm wondering if you just talk about the per ton cost cadence that you expect

What proportion of your build slots are already spoken for for the next three quarters

your profit per truck was up to about $5.3 thousand from $2.9 thousand last quarter. Can we unpack that

what you are seeing in the performance of your aftermarket business in January by region

production was really high in the quarter versus normal seasonality, and you took up your outlook for Europe

can you just provide a PACCAR perspective on where you see unit profitability going

I'm wondering if you could just comment on the really strong sequential price improvement performance you saw in the quarter

We've heard that they might be committing to a 60-day review cycle versus the quoted maximum of 270

is that in the 4,000 per unit range the way it looks like from the bill of materials

to what extent could it make sense to make medium-duty trucks in the U.S. plant

over the past two quarters, your profit per truck as a result of the tariffs is down about $5,000 for 2Q versus 4Q

Can you talk about the cadence that you expect over the next couple of quarters

if there's an adverse legal ruling or something along those lines, can you talk about how the company would react

Can you talk about the operating performance on the facilities? Are you expecting an equity income contribution this year?

Can you just talk about where you're deploying them, what the unit profitability looks like compared to conventional trucks on an all-in basis?

Can you, Jon, just please provide us an update on how you're thinking about future polymer projects? What's the demand curve look like

nice to hear about the projects coming online. Can you just provide an update on performance from a royalty standpoint and operating efficiency

Can you just talk about I don't know if it's too early or not to talk about where pricing could ultimately go for the polymer center output

Pricing was, I think, half a point ahead of most expectations. Can you just talk about what you're seeing in the business

I'm wondering if you just talk about how the polymer centers are performing, Jon. Are you folks hitting the efficiency rates

if we were to apply normal seasonality to the fourth quarter margin run rate, think it would imply first-quarter margins that are up 150 to 200 basis points

Is there a way to quantify in terms of the number of projects that you folks have in the system

I was really impressed with transportation and logistics performance in the quarter

Obviously, you've got a transition going on with the divestiture. Can you just talk about where the quarter came in relative to your plan

Can you just talk about how much TC1 contributed? What was that cross-selling contribution versus other drivers of the acceleration

I'm wondering if you could just unpack outstanding performance in dollar utilization in the quarter. Saw that accelerated by about 1 point versus normal seasonality

the comps get pretty easy as we head into the back half of '26 for the industry. And so now that based on the range of industry data, supply-demand having improved

You mentioned there's some variance in the portfolio on Matting. Can you just talk about the growth trajectory for the businesses, which ones are tracking better?

we're seeing really strong demand for earthmoving equipment, but aerials really lagging. Is that a function of the large projects and data centers being less aerials intensive?

can you just talk about how active the runway is on a multiyear basis on the M&A pipeline? There's some concern that the magnitude of acquisitions

As we think about a potential recession scenario, can you just talk about the levers that you could pull in this coming cycle?

just curious if there's -- which ones are performing stronger relative to that average?

What was the specialty organic growth in the quarter? And if you could talk to the color on the dispersion between the individual business lines

I'm wondering if you could just talk about how you're thinking about midyear price increases and cost cadence given the strong performance

If we back out the period cost absorption, your variable cost were risk per ton were essentially flat in the quarter

It looks like on paper, your deliveries in the international markets should still be up '27 versus '26

What do you expect the bookings opportunity to look like for your international business over the balance of this year?

when do you expect to see those locomotives enter the rebuild pipeline and separately what are lead times like today for North America?

I'm wondering if we could just talk about how your expectations for the performance of the business have evolved since you've announced the acquisition

what kind of growth rate do you expect in international aftermarket service just given the age profile

Can you just talk about are there any customers that are essentially opting to age their fleet or any specific feedback that you're seeing?

the seasonality has been a little bit different in '23 versus ’24, can you just talk about the variation that we see quarter to quarter?

you folks delivered really outsized gains this quarter. How should we be thinking about the sequential cadence for that line of business in ‘25

I think normally, you folks are up somewhere around 150 to 200 basis points margins 2Q versus 1Q

unpack the really strong margin performance despite the lower volumes in the quarter, really nice price cost

I just want to make sure there are no moving pieces off of the really strong run rate

Are you folks seeing an acceleration in terms of the savings that you're seeing from logistics management

in terms of what we're seeing on the voluntary market pricing for landfill gas, looks like that's steady in the low-20s even as rent prices have come down

is it fair to think about inflation as the comps get easier, actually slowing considering the comments you made about having your costs locked in

Can you just talk about how you folks are maybe taking a more aggressive approach to make sure you're pushing pricing in the base business

Can you just talk about how that looks to you given your route economics work on the core business?