Cummins Q2 revenue $6.6B (+8% YoY); EPS $4.94; maintains FY2022 guidance

CUMMINS INC

2022-Q2 EPS reported $7.86 revenue$12,971,000,000

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.

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