{"filings":[{"id":2033917,"accession_number":"0000026172-26-000026","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2026-08-04T11:58:13+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cummins Q2 record revenue $9.5B, EPS $6.73; raises FY revenue guidance to up 10-13%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 revenue $9.5B (+9% YoY); GAAP net income $932M; diluted EPS $6.73 (vs $6.43 YoY).","EBITDA $1.7B (17.5% of sales); FY EBITDA guidance raised to 18.0-18.5% from 17.75-18.5%.","FY revenue guidance raised to up 10-13% from prior up 8-11%; expects stronger H2.","Quarterly dividend increased to $2.20/share from $2.00; 17th consecutive annual increase.","Power Systems sales $2.3B (+19%) on data center demand; Accelera revenue $145M (+38%) but EBITDA loss $69M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":439196,"accession_number":"0000026172-26-000018","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2026-05-14T18:44:55+00:00","items":["5.07"],"status":"ready","headline":"Cummins 2026 annual meeting results: all director nominees elected, shareholder proposals defeated","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All 11 director nominees elected with 95%+ support; Matthew Tsien received highest votes (106.6M for).","Say-on-pay approved with 101.9M for (95.3% of votes cast, excluding broker non-votes).","Ratification of PwC as auditor for 2026 passed with 113.9M for (93.8% of votes cast).","2026 Omnibus Incentive Plan approved with 102.6M for (96.1% of votes cast).","Shareholder proposals for Chair/CEO separation (24M for) and charitable-report (1.9M for) both defeated."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.15,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":97839,"accession_number":"0000026172-26-000013","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2026-05-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cummins Q1 revenue $8.4B (+3%), raises FY 2026 guidance on strong power gen demand","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP diluted EPS $4.71 (incl. $1.44 charge from fuel cell sale) vs $5.96 YoY; EBITDA 15.4% of sales.","Power Systems segment record: sales $2.0B (+19%), EBITDA $577M (29.5% margin), driven by data center markets.","Raised FY 2026 revenue guidance to +8%–11% (prior +3%–8%); EBITDA guidance now 17.75%–18.50%.","Returned $519M to shareholders in Q1; reaffirmed 50% operating cash flow return goal.","International revenues +16% (China demand); North America -6% but on-highway markets improving from cyclical low."],"consensus_eps_estimate":null,"consensus_eps_actual":4.71,"consensus_revenue_estimate":null,"consensus_revenue_actual":8398000000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":112980,"accession_number":"0000026172-26-000004","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2026-02-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cummins Q4 net income $593M ($4.27 EPS); revenue $8.5B; FY2026 outlook +3-8% revenue growth","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 2025 revenue $8.5B (+1% YoY); GAAP net income $593M ($4.27 diluted EPS) vs $418M ($3.02) last year.","Q4 EBITDA $1.2B (13.5% of sales); includes $218M electrolyzer charges, $175M non-cash.","FY2025 revenue $33.7B (-1% YoY); GAAP net income $2.8B ($20.50 EPS) vs $3.9B ($28.37) including $1.3B Atmus gain in prior year.","FY2026 guidance: revenue +3-8%, EBITDA 17.0-18.0% of sales; expects North America truck market improvement in H2.","Distribution and Power Systems segments achieved record full-year sales; power gen demand strong for data centers."],"consensus_eps_estimate":null,"consensus_eps_actual":20.5,"consensus_revenue_estimate":null,"consensus_revenue_actual":33670000000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129383,"accession_number":"0000026172-25-000036","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2025-11-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cummins Q3 GAAP EPS $3.86 vs $5.86; records $240M Accelera non-cash charge; dividend raised to $2.00","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $8.3B (-2% YoY); EBITDA margin 14.3% vs 16.4%; tax rate 32.7% due to One Big Beautiful Bill Act costs.","Accelera non-cash goodwill impairment and inventory write-downs of $240M ($1.73/diluted share) trigger electrolyzer strategic review.","Quarterly dividend increased to $2.00/share from $1.82, marking 16th consecutive year of dividend growth.","Power Systems sales +18% to $2.0B; Distribution sales +7% to $3.2B, both powered by data center backup demand.","Full-year 2025 guidance withdrawn; company expects to provide 2026 outlook in February 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":16.23,"consensus_revenue_estimate":null,"consensus_revenue_actual":25134000000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":145950,"accession_number":"0000026172-25-000029","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2025-08-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cummins Q2 EPS $6.43 beats prior year; dividend raised 9.9% to $2.00","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $8.6B (-2% YoY); GAAP net income $890M ($6.43 diluted EPS) vs $726M ($5.26) in 2024.","EBITDA $1.6B (18.4% of sales) up from $1.3B (15.3%); Power Systems and Distribution segments at record profitability.","Quarterly dividend increased to $2.00/share from $1.82; 16th consecutive year of dividend growth.","Full-year outlook not reinstated due to uncertainty; expects North America truck build rates to decline sharply in H2 2025.","Launched 17-liter Centum genset (1 MW) for data center and critical market power generation."],"consensus_eps_estimate":null,"consensus_eps_actual":12.38,"consensus_revenue_estimate":null,"consensus_revenue_actual":16817000000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":145949,"accession_number":"0000026172-25-000025","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2025-07-14T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Cummins elects former GM CTO Matthew Tsien to its Board of Directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Matthew Tsien, former GM EVP and CTO, elected to Cummins board effective July 14, 2025.","Appointed to Audit, Safety/Environment/Technology, and Governance/Nominating committees.","Tsien brings 40+ years automotive experience; previously led GM China and GM Ventures.","Will receive standard non-employee director compensation as described in 2025 proxy."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164249,"accession_number":"0001104659-25-055520","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2025-06-02T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Cummins renews $4B revolving credit facilities; 5-year to 2030, 3-year to 2028","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["New 5-Year Credit Agreement allows up to $2.0B in revolving loans, swingline loans, letters of credit; matures June 2, 2030.","New 3-Year Credit Agreement also $2.0B facility; matures June 2, 2028, replacing expired 364-day facility.","Interest rates tied to Alternate Base Rate, Term SOFR, EURIBOR; Applicable Rate currently 0.75% given A2/A ratings.","Covenant requires consolidated net debt to total capital ratio not to exceed 0.65:1.","Borrowings unsecured; Company guarantees subsidiary loans; each facility can be increased by up to $1.0B if conditions met."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164248,"accession_number":"0000026172-25-000016","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2025-05-15T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Cummins shareholders elect 11 directors, reject independent board chairman proposal","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All 11 director nominees elected; John H. Stone received 103.2M for, William I. Miller had highest against (8.3M).","Advisory vote on executive compensation passed: 95.0M for, 8.8M against, 13.7M broker non-votes.","Ratification of PwC as auditors approved: 109.7M for, 8.1M against, no broker non-votes.","Shareholder proposal for independent board chairman defeated: 43.0M for, 60.9M against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164247,"accession_number":"0001104659-25-046636","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2025-05-09T23:59:59+00:00","items":["2.03","8.01","9.01"],"status":"ready","headline":"Cummins issues $2B in three tranches of senior notes due 2028, 2031, 2035","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$300M 4.250% Senior Notes due 2028, $700M 4.700% due 2031, $1B 5.300% due 2035.","Net proceeds for general corporate purposes, including refinancing existing debt.","Interest payable semi-annually; first payments Nov 9, 2025 (2028 & 2035) and Feb 15, 2026 (2031).","Notes redeemable at any time with make-whole premium before one month (2028/2031) or three months (2035) prior to maturity.","Customary events of default; acceleration possible by holders of 25% principal or upon certain bankruptcy events."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164246,"accession_number":"0001104659-25-045241","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2025-05-07T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Cummins prices $2B three-tranche senior notes offering","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$300M 4.250% notes due 2028, $700M 4.700% notes due 2031, $1B 5.300% notes due 2035.","Underwriters led by BofA, Citi, HSBC, ING and J.P. Morgan; closing expected May 9, 2025.","Notes registered under Form S-3 filed February 13, 2025; customary representations and warranties.","Proceeds not specified; offering adds $2B to long-term debt."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164245,"accession_number":"0000026172-25-000010","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2025-05-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cummins Q1 revenue $8.2B (-3% YoY), EPS $5.96; withdraws FY2025 outlook due to tariffs","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP net income $824M ($5.96 diluted EPS), down from $2.0B ($14.03) a year ago which included $1.3B Atmus gain.","EBITDA of $1.5B or 17.9% of sales vs 30.6% a year ago; revenue down 3% to $8.2B.","Withdrew full-year 2025 revenue and profitability outlook due to tariff-driven economic uncertainty.","Power Systems segment sales up 19% to $1.6B; record performance driven by data center demand.","Acquired First Mode assets including hybrid mining and rail retrofit solutions."],"consensus_eps_estimate":null,"consensus_eps_actual":5.96,"consensus_revenue_estimate":null,"consensus_revenue_actual":8174000000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":182019,"accession_number":"0001104659-25-024810","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2025-03-18T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Cummins announces retirement of Chief Administrative Officer Sharon Barner, effective May 31, 2025","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Sharon Barner, CAO, will retire effective May 31, 2025 after 13 years at Cummins, including as VP & General Counsel.","Barner led the legal function, executed large M&A (incl. Meritor), and oversaw 12 corporate functions as CAO.","A replacement will be named in the coming weeks."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":182018,"accession_number":"0000026172-25-000003","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2025-02-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cummins Q4 2024: EPS $3.02 on $8.4B revenue; full-year record; Accelera reorganization charges $312M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net income $418M ($3.02 EPS) vs year-ago net loss; includes $312M Accelera reorganization charge ($2.14/dil share).","Full-year 2024 record revenue $34.1B, net income $3.9B ($28.37 EPS), EBITDA 18.6% of sales.","2025 outlook: revenue down 2% to up 3%, EBITDA margin 16.2%-17.2%.","Segment: Distribution +13%, Power Systems +22% driven by data center demand; Components -17% due to Atmus separation.","Accelera EBITDA loss $431M including reorganization; zero-emission adoption slowed."],"consensus_eps_estimate":null,"consensus_eps_actual":28.37,"consensus_revenue_estimate":null,"consensus_revenue_actual":34102000000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198677,"accession_number":"0000026172-24-000043","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2024-11-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cummins Q3 EPS $5.86; raises FY EBITDA guidance to ~15.5%; dividend up 8.3%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 revenue $8.5B flat YoY; GAAP net income $809M; diluted EPS $5.86 vs $4.59 YoY.","EBITDA $1.4B (16.4% sales) vs 14.6% YoY; full-year EBITDA guidance raised to ~15.5% (top of 15.0%-15.5%).","Quarterly dividend increased to $1.82/share from $1.68, 15th consecutive annual increase.","Power Systems sales +17% (data center demand); Distribution +16%; Engine -1%; Accelera EBITDA loss -$115M."],"consensus_eps_estimate":null,"consensus_eps_actual":25.31,"consensus_revenue_estimate":null,"consensus_revenue_actual":25655000000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":214706,"accession_number":"0000026172-24-000033","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2024-08-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cummins reports record Q2 revenue $8.8B, raises FY guidance; EPS $5.26","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 record revenue $8.8B (+2% YoY); GAAP net income $726M, diluted EPS $5.26 vs $5.05.","FY 2024 guidance raised: revenue down 3%-flat (prior down 2-5%), EBITDA 15.0-15.5% (midpoint up).","Quarterly dividend increased 8.3% to $1.82/share; 15th consecutive annual increase.","Power Systems sales +9% to $1.6B, EBITDA margin 18.9% driven by data center demand.","Accelera sales +31% to $111M but EBITDA loss $117M; JV Amplify Cell Technologies formed with Daimler and PACCAR."],"consensus_eps_estimate":null,"consensus_eps_actual":19.42,"consensus_revenue_estimate":null,"consensus_revenue_actual":17199000000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":233843,"accession_number":"0001104659-24-067815","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2024-06-03T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Cummins enters $4B in revolving credit facilities; $2B 5-year and $2B 364-day","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$2.0B 5-year credit agreement matures June 3, 2029; $2.0B 364-day facility matures June 2, 2025.","Both facilities are unsecured; borrowings can be in USD, EUR, or GBP with rates based on credit ratings (currently A2/A).","Applicable rate for 364-day facility: 0.75%; for 5-year facility: 0.875% (based on current ratings).","Financial covenant: consolidated net debt to total capital ratio not greater than 0.65:1 at each quarter end.","Each facility can be increased by up to $1.0B, subject to lender consent and no default."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":233842,"accession_number":"0001104659-24-066634","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2024-05-30T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Cummins SVP Tony Satterthwaite to retire effective September 15, 2024 after 36 years","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Tony Satterthwaite, Senior Vice President, will retire on September 15, 2024, after 36 years with the company.","Satterthwaite held roles including President of Power Generation, Distribution, and Chief Operating Officer.","No named replacement; the company thanks him for his leadership and contributions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":233841,"accession_number":"0000026172-24-000026","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2024-05-15T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Cummins shareholders elect all 11 directors, approve say-on-pay, reject two proposals","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All 11 director nominees elected; top vote-getter John H. Stone with 99.5% of votes cast.","Advisory say-on-pay passed with 89.2M for (93.7% of votes cast).","Ratification of PricewaterhouseCoopers as auditor approved with 107.6M for (95.5% of votes cast).","Shareholder proposal for independent board chairman defeated: 53.5M against (56.4% of votes cast).","Shareholder proposal on linking exec comp to 1.5°C emissions reduction defeated: 79.3M against (83.5% of votes cast)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":233840,"accession_number":"0000026172-24-000019","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2024-05-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cummins Q1 revenue $8.4B, diluted EPS $14.03 (incl $9.08 Atmus gain); raises FY EBITDA guidance to 14.5%-15.5%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $8.4B, down 1% YoY; GAAP net income $2.0B, diluted EPS $14.03 vs $5.55 in Q1 2023.","Net gain of $1.3B ($9.08/diluted share) from Atmus separation; restructuring costs $29M ($0.15/share).","FY 2024 revenue guidance unchanged at down 2%-5% (ex-Atmus); EBITDA guidance raised to 14.5%-15.5% from 14.4%-15.4%.","Components sales $3.3B (-6%), Engine $2.9B (-2%), Distribution $2.5B (+5%), Power Systems $1.4B (+3%), Accelera $93M (+9%) with EBITDA loss $101M.","Atmus separation completed in March via share exchange; no retained shares. Demand strong, but expects slowing in H2 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":14.03,"consensus_revenue_estimate":null,"consensus_revenue_actual":8403000000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":251826,"accession_number":"0001104659-24-025510","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2024-02-20T23:59:59+00:00","items":["2.03","8.01","9.01"],"status":"ready","headline":"Cummins issues $2.25B in three tranches of senior notes due 2029, 2034, 2054","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Cummins raised $2.25B via public offering: $500M 4.900% notes due 2029, $750M 5.150% notes due 2034, $1B 5.450% notes due 2054.","Offering closed Feb 20, 2024; net proceeds for general corporate purposes, including repaying existing debt.","Interest payable semi-annually; notes redeemable at make-whole premium before certain dates.","Issued under base indenture and supplemental indentures with U.S. Bank National Association as trustee."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":251825,"accession_number":"0001104659-24-024274","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2024-02-15T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Cummins issues $2.25B in senior notes across 2029, 2034, and 2054 maturities","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$500M of 4.900% Senior Notes due 2029, $750M of 5.150% due 2034, $1.0B of 5.450% due 2054.","Underwriting agreement signed Feb 14, 2024; offering expected to close Feb 20, 2024.","Notes registered under existing S-3 shelf; includes customary representations and indemnification.","BofA Securities, Wells Fargo, ING, J.P. Morgan, PNC Capital Markets are representatives of underwriters."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":251824,"accession_number":"0001104659-24-022914","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2024-02-14T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Cummins announces plan to separate Atmus Filtration via exchange offer","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Cummins will offer to exchange up to all Atmus shares it holds for tendered CMI shares.","Atmus to file Form S-4 registration statement with SEC in connection with the exchange offer.","No assurance exchange offer will commence on the terms described or at all.","Investors urged to read the Prospectus and related documents when available."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":251823,"accession_number":"0000026172-24-000010","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2024-02-12T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Cummins elects John H. Stone, Allegion CEO, to its Board of Directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["John H. Stone, President and CEO of Allegion plc, elected to Cummins board effective February 12, 2024.","Stone determined independent under NYSE and SEC rules; appointed to Audit, Safety/Environment/Technology, and Governance/Nominating committees.","Will receive standard non-employee director compensation as disclosed in 2023 proxy.","Stone previously held leadership roles at Deere & Company and General Electric; also served as U.S. Army infantry officer."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":251822,"accession_number":"0000026172-24-000003","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2024-02-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cummins Q4 net loss $1.4B on $2.04B regulatory charge; full year revenue record $34.1B","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenues $8.5B (+10% YoY); GAAP diluted EPS $(10.01) vs $4.43 a year ago.","$2.04B charge ($13.76/diluted share) for agreement to resolve U.S. regulatory claims recognized in Q4.","Full year 2023 revenue $34.1B (+21% YoY); diluted EPS $5.15 vs $15.12.","2024 guidance: revenues expected to decline 2%-5%; EBITDA margin target 14.4%-15.4%.","Record operating cash flow of $4.0B in 2023; dividend increased for 14th consecutive year."],"consensus_eps_estimate":null,"consensus_eps_actual":5.15,"consensus_revenue_estimate":null,"consensus_revenue_actual":34065000000.0,"consensus_period":"2023-FY","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":269355,"accession_number":"0001104659-23-128502","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2023-12-22T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Cummins to take $2.04B charge for emissions settlement agreement in principle","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Charge approx $2.04B in Q4 2023; $1.93B expected to be paid in first half 2024.","Settlement with EPA, CARB, DOJ, CA AG over emissions certification for pick-up truck engines; about 1 million vehicles.","Company cooperated for >4 years, sees no evidence of bad faith, does not admit wrongdoing.","Previously accrued $59M for recalls of RAM 2500/3500 trucks; additional related charges may follow.","Company states strong liquidity to satisfy obligations and execute growth strategy."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":269354,"accession_number":"0000026172-23-000042","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2023-11-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cummins Q3 revenue $8.4B (+15%), EPS $4.59, raises FY revenue guidance to +18-21%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 revenues of $8.4B (+15% YoY); GAAP net income $656M ($4.59 diluted EPS) vs $400M ($2.82) a year ago.","Record Q3 operating cash flow of $1.5B; EBITDA margin 14.6% vs 12.1% prior year.","Full-year 2023 revenue guidance raised to +18-21% (prior +15-20%); EBITDA guidance narrowed to 15.2-15.4% of sales.","Quarterly dividend increased 7% to $1.68/share from $1.57; 14th consecutive annual increase.","Components segment sales up 20% to $3.2B; Accelera revenue doubled to $103M but EBITDA loss of $114M."],"consensus_eps_estimate":null,"consensus_eps_actual":15.19,"consensus_revenue_estimate":null,"consensus_revenue_actual":25522000000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":269353,"accession_number":"0000026172-23-000040","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2023-10-10T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Cummins elects Daniel W. Fisher, Ball Corp CEO, to Board of Directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Daniel W. Fisher, Chairman and CEO of Ball Corporation, elected to Board effective October 9, 2023.","Fisher appointed to Finance, Governance & Nominating, and Science, Environment & Technology Committees.","He will participate in standard non-employee director compensation as described in 2023 Proxy Statement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":286336,"accession_number":"0000026172-23-000038","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2023-08-29T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Cummins VP & President Distribution Business Tracy Embree resigns effective Sept 8","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Tracy A. Embree, Vice President and President – Distribution Business, resigns effective September 8, 2023.","No successor or interim replacement has been announced.","Reason for departure not disclosed in the filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":286335,"accession_number":"0000026172-23-000032","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2023-08-03T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cummins Q2 revenue $8.6B (+31% YoY), EPS $5.05, raises quarterly dividend to $1.68/share","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Record Q2 revenues $8.6B, up 31% YoY; GAAP net income $720M, diluted EPS $5.05.","EBITDA margin 15.1% of sales; maintains FY2023 guidance of revenue up 15-20%, EBITDA 15.0-15.7%.","Quarterly dividend increased 7% to $1.68/share from $1.57; 14 consecutive years of increases.","Components segment sales $3.4B (+76%) from Meritor addition; Engine segment sales $3.0B (+8%).","Accelera revenue $85M (+102%) but EBITDA loss -$114M on investments in zero-emissions tech."],"consensus_eps_estimate":null,"consensus_eps_actual":10.6,"consensus_revenue_estimate":null,"consensus_revenue_actual":17091000000.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":286334,"accession_number":"0000026172-23-000026","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2023-07-12T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Cummins CEO Jennifer Rumsey named Chair of the Board; Linebarger retires Aug 1, 2023","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Jennifer Rumsey, current President and CEO, elected Chair of the Board effective Aug 1, 2023.","Tom Linebarger retires as Executive Chair and from the Board on July 31, 2023, after 30 years.","Rumsey previously served as CTO, President of Components, and COO; joined Board in Feb 2022.","Linebarger led revenue growth from $17.3B to $28.1B, including Meritor acquisition and Accelera formation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":306179,"accession_number":"0001104659-23-068938","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2023-06-07T23:59:59+00:00","items":["1.01","1.02","2.03","9.01"],"status":"ready","headline":"Cummins enters $2.0B 364-day credit facility, up from $1.5B, terminates $500M incremental facility","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["New $2.0B revolving credit facility replaces $1.5B facility; matures June 3, 2024.","Terminated $500M incremental 364-day credit agreement from August 2022.","Borrowings unsecured; interest rates based on credit ratings (currently A2/A+).","Financial covenant: net debt to total capital ratio not to exceed 0.65:1.","Company may request up to $1.0B in incremental term loans or increased availability."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":306178,"accession_number":"0000026172-23-000018","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2023-05-11T23:59:59+00:00","items":["5.02","5.07","9.01"],"status":"ready","headline":"Cummins shareholders approve ESPP amendment; discount to 20%, matching cap to $30M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["ESPP discount increased from 15% to 20%; annual matching contribution cap raised to $30M from $7.5M.","All 12 director nominees elected; advisory vote on executive compensation passed with 95% support.","Shareholder proposal for independent board chairman defeated (56.5% against).","Shareholder proposal linking executive compensation to 1.5°C emissions reduction defeated (84% against).","Ratification of PwC as auditor for 2023 passed with 95% support."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":306177,"accession_number":"0000026172-23-000013","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2023-05-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cummins reports record Q1 revenue $8.5B, EPS $5.55, raises FY2023 guide","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Record Q1 revenue $8.5B (+32% YoY); GAAP net income $790M; diluted EPS $5.55 vs $2.92.","EBITDA $1.4B (16.1% of sales) vs $755M (11.8%) a year ago.","2023 revenue guidance raised to +15-20% (from +12-17%); EBITDA guidance raised to 15.0-15.7% (from 14.5-15.2%).","Components segment revenue $3.6B (+79% YoY) driven by Meritor acquisition and strong demand.","Accelera revenue $85M (+174%); EBITDA loss $94M reflecting investments in zero-emission tech."],"consensus_eps_estimate":null,"consensus_eps_actual":5.55,"consensus_revenue_estimate":null,"consensus_revenue_actual":8453000000.0,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":325364,"accession_number":"0000026172-23-000008","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2023-02-15T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Cummins subsidiaries amend credit agreement; termination date extended to June 30, 2023","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Atmus Filtration and Cummins Filtration extend termination deadline for initial credit extension from March 30 to June 30, 2023.","Ticking fee payment dates modified to include Feb 15, 2023, and quarterly thereafter until closing or spin-off.","Borrowers paid an upfront fee of 0.1022375% of total commitments to lenders on the effective date.","No defaults or event of default continuing; representations and warranties reaffirmed as true."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":325363,"accession_number":"0000026172-23-000002","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2023-02-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cummins reports record full-year 2022 revenue $28.1B, EPS $15.12; guides 2023 rev up 12-17%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenue $7.8B, net income $631M, diluted EPS $4.43; includes $0.36 favorable discrete tax items.","Full-year revenue $28.1B (record), net income $2.2B, diluted EPS $15.12; EBITDA margin 13.5%.","Excluding Meritor, Q4 revenue $6.6B (+13% YoY); adjusted EBITDA margin 16.1% (exceeded guidance).","2023 guidance: revenue up 12-17%, EBITDA margin 14.5-15.2%; Meritor projected revenue $4.5-4.7B.","Completed acquisitions of Meritor, JVS, and Siemens Commercial Vehicles; Jennifer Rumsey became CEO in Aug 2022."],"consensus_eps_estimate":null,"consensus_eps_actual":15.12,"consensus_revenue_estimate":null,"consensus_revenue_actual":28074000000.0,"consensus_period":"2022-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":343126,"accession_number":"0000026172-22-000061","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2022-11-15T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Director Franklin R. Chang Diaz resigns from Cummins board effective Nov. 15, 2022","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Franklin R. Chang Diaz notified his resignation from the Board of Directors on Nov. 15, 2022.","Resignation effective immediately upon notice; includes all board committees.","Company states the departure is not due to any disagreement with operations, policies, or practices."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":343125,"accession_number":"0000026172-22-000052","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2022-11-03T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cummins Q3 revenue $7.3B, GAAP EPS $2.82; lowers FY EBITDA guidance to ~15%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP net income $400M ($2.82 EPS); adjusted net income $456M ($3.21 EPS) excluding Meritor.","Total revenue $7.3B; excluding Meritor $6.6B (+11% YoY); North America +19%, international -1%.","Meritor contributed $737M revenue and $37M net loss; acquisition synergy target ~$130M pre-tax by year three.","Full-year 2022 revenue guidance maintained (+8%); EBITDA guidance lowered to ~15.0% (from ~15.5%).","Quarterly dividend increased to $1.57/share from $1.45; 13 consecutive years of higher dividends."],"consensus_eps_estimate":null,"consensus_eps_actual":10.68,"consensus_revenue_estimate":null,"consensus_revenue_actual":20304000000.0,"consensus_period":"2022-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":343124,"accession_number":"0001104659-22-106304","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2022-10-05T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Cummins subsidiaries enter $1B credit facility to finance filtration business spin-off","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$1B facility comprised of $400M revolver and $600M term loan, maturing Sept 30, 2027.","Borrowings only available upon public sale of filtration subsidiary shares; deal terminates if no sale by March 30, 2023.","Cummins Inc. initially guarantees obligations; guarantee ends if collateral and subsidiary guarantee conditions met.","Interest rates based on SOFR/EURIBOR plus margin: ABR 0.125%-0.750%, term benchmark 1.125%-1.750%.","Financial covenants: net leverage ≤ 4.00x (or 4.50x optional) and interest coverage ≥ 3.00x."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":359683,"accession_number":"0000026172-22-000050","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2022-09-06T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Cummins VP Padmanabhan adopts 10b5-1 plan to exercise options on up to 35,640 shares","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Plan allows exercise of up to 35,640 shares if Common Stock reaches a specified market price.","Plan begins 60 days after adoption and continues until May 1, 2023 or full exercise, whichever first.","After full exercise and sale, Padmanabhan would own approximately 22,557 shares.","Plan complies with insider trading policies and Rule 10b5-1."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":359682,"accession_number":"0001104659-22-092951","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2022-08-19T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Cummins enters $2B in new 364-day credit facilities, transitions to SOFR","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Fourth Amended 364-Day Credit Agreement increases revolving capacity to $1.5B through August 2023.","Incremental 364-Day Credit Agreement adds $500M in revolving loans, total $2B available.","Amendment to 5-Year Credit Agreement replaces LIBOR with SOFR interest rate benchmarks.","Unsecured debt; financial covenant limits net debt to total capital at 0.65:1.","Based on A2/A+ ratings, applicable spread on new facilities is 0.625% for benchmark loans."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":359681,"accession_number":"0000026172-22-000042","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2022-08-03T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Cummins completes $3.7B acquisition of Meritor, expects $130M annual synergies","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Completed acquisition of Meritor, Inc. on August 3, 2022, for total transaction value of approx. $3.7 billion, including assumed debt net of cash.","Acquisition expected to be immediately accretive to adjusted EPS; pre-tax run-rate synergies of ~$130 million projected by year three.","Financed with cash on balance sheet, commercial paper, and debt; company committed to maintaining strong credit ratings.","Combination positions Cummins as leading provider of integrated powertrain solutions, accelerating investment in electrification."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":359680,"accession_number":"0000026172-22-000039","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2022-08-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cummins Q2 revenue $6.6B (+8% YoY); EPS $4.94; maintains FY2022 guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Record revenue of $6.6B (+8% YoY); diluted EPS $4.94 vs $4.10 in Q2 2021.","EBITDA $1.1B (16.0% of sales); includes $29M Filtration separation costs, $47M Russia reserve benefit.","Full-year guidance maintained: revenue up 8%, EBITDA ~15.5%; ~50% of operating cash flow to shareholders.","Jennifer Rumsey became CEO effective Aug 1, 2022; Tom Linebarger becomes Executive Chairman.","Completed Jacobs Vehicle Systems acquisition; Meritor shareholders approved deal pending closure."],"consensus_eps_estimate":null,"consensus_eps_actual":7.86,"consensus_revenue_estimate":null,"consensus_revenue_actual":12971000000.0,"consensus_period":"2022-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":359679,"accession_number":"0000026172-22-000036","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2022-07-19T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Cummins secures $2.0B delayed-draw term loan for Meritor acquisition and general corporate purposes","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Loan agreement with Wells Fargo as agent; single draw of up to $2.0B before Oct 13, 2022, maturity 3 years after funding.","Interest at SOFR + 0.55%-0.85% based on credit rating (current A2/A+ gives 0.70%) or prime-based alternative.","Unsecured; financial covenant requires net debt/total capital ≤ 0.65:1.","Proceeds for general corporate purposes and financing acquisition of Meritor, Inc."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":359678,"accession_number":"0000026172-22-000032","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2022-07-14T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Jennifer Rumsey named CEO of Cummins effective Aug 1; Linebarger becomes Executive Chairman","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Tom Linebarger ends CEO term Aug 1, 2022; serves as Executive Chairman and Board Chairman.","Jennifer Rumsey, previously President & COO, becomes 7th CEO and first woman to lead Cummins (founded 1919).","Rumsey's base salary increased to $1.5M, target bonus to 175% of salary, LTI grant to $7.5M.","Linebarger's base salary reduced to $1.15M, target bonus at 150% of salary; no future LTI grants.","Rumsey co-authored Destination Zero strategy; board cites her technical expertise and leadership."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":359677,"accession_number":"0000026172-22-000030","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2022-07-11T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Cummins elects former Ernst & Young COO Gary Belske to board of directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Gary L. Belske elected to Cummins board effective July 11, 2022.","Belske was Ernst & Young's Deputy Managing Partner and COO for the Americas.","Appointed to the Audit Committee and Governance and Nominating Committee.","Will receive standard non-employee director compensation per 2022 proxy."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":378496,"accession_number":"0000026172-22-000023","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2022-05-11T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Cummins 2022 annual meeting: all director nominees elected; say-on-pay passes; shareholder proposal defeated","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All 13 director nominees elected with 56-72% of votes cast (excluding broker non-votes).","Advisory vote on executive compensation approved: 96.4M for vs. 11.3M against.","Ratification of PwC as auditors approved: 116.4M for vs. 4.3M against.","Shareholder proposal for independent board chairman rejected: 39.9M for vs. 67.8M against.","Following meeting, Thomas J. Lynch elected independent Lead Director and chair of Governance Committee."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.15,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":378495,"accession_number":"0000026172-22-000018","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2022-05-03T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cummins Q1 revenue $6.4B (+5% YoY), EPS $2.92; raises FY guidance to +8% sales","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $6.4B (+5% YoY), GAAP net income $418M, diluted EPS $2.92 (vs $4.07 last year).","EBITDA $755M (11.8% of sales) vs $980M (16.1%) last year; includes $158M Russia suspension charge.","Raises FY2022 revenue guidance to up 8% (from up 6%); maintains EBITDA guidance ~15.5%.","Announces acquisitions: Jacobs Vehicle Systems and intent to acquire Meritor to advance decarbonization.","Engine segment revenue up 12% to $2.8B; Components down 8% due to China/India slowdown."],"consensus_eps_estimate":null,"consensus_eps_actual":2.92,"consensus_revenue_estimate":null,"consensus_revenue_actual":6385000000.0,"consensus_period":"2022-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":396751,"accession_number":"0001104659-22-026575","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2022-02-24T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Cummins to acquire Meritor for $36.50/share in all-cash deal valued at ~$3.7B","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquisition price of $36.50 per share in cash; total enterprise value approximately $3.7 billion including assumed debt and net of acquired cash.","Meritor shareholders to receive $36.50/share; closing expected by December 21, 2022 with possible extensions to June 21, 2023.","Transaction subject to Meritor shareholder approval, HSR Act waiting period, and other regulatory approvals.","Cummins intends to fund the merger consideration using cash on hand and debt; no financing condition.","Termination fees: $73.5M from Meritor under certain circumstances; $160M reverse termination fee from Cummins if regulatory approvals not obtained."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":396750,"accession_number":"0000026172-22-000015","cik":26172,"company_name":"CUMMINS INC","ticker":"CMI","form_type":"8-K","filed_at":"2022-02-22T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Cummins to acquire Meritor for $36.50/share in $3.7B all-cash deal","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Cummins (CMI) to buy Meritor (MTOR) at $36.50/share all-cash, a 48% premium to Feb. 18 close.","Total enterprise value of ~$3.7B, including assumed debt and net of acquired cash.","Expected to be immediately accretive to Cummins adjusted EPS; annual pre-tax synergies ~$130M by year 3.","Meritor board unanimously approved; transaction expected to close by end of 2022.","Acquisition adds axle, brake, and electrification capabilities to Cummins components business."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":92155993352.49661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2022-02-22T23:59:59+00:00|396750"}