secwatch.observer — SEC 8-K summary
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Issuer:     CUMMINS INC (CMI)
CIK:        0000026172
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0000026172-22-000018
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cummins Q1 revenue $6.4B (+5% YoY), EPS $2.92; raises FY guidance to +8% sales
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26172/000002617222000018/0000026172-22-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26172/000002617222000018/cmi-20220503.htm
  HTML page:      https://secwatch.observer/filing/0000026172-22-000018

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