Cummins Q3 revenue $7.3B, GAAP EPS $2.82; lowers FY EBITDA guidance to ~15%

CUMMINS INC

2022-Q3 EPS reported $10.68 revenue$20,304,000,000

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.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CUMMINS INC updated its full year 2022 guidance (lowered).

Period: full year 2022
Guidance: lowered
Result: guidance update

Exact text from the filing

Full year 2022 EBITDA guidance, excluding the Meritor business, is lowered to approximately 15.0 percent, from prior guidance of approximately 15.5 percent.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CUMMINS INC reported third quarter of 2022 results: revenue $7.3 billion, net income $400 million, EPS $2.82. Guidance lowered.

Period: third quarter of 2022
Revenue: $7.3 billion
Net income: $400 million
EPS: $2.82
Guidance: lowered
Result: reported results

Exact text from the filing

Company under the Securities Act of 1933 or the Exchange Act. --- EX-99 (EX-99) --- November 3, 2022 Cummins Reports Third Quarter 2022 Results • Third quarter revenues of $7.3 billion • GAAP 1 Net Income of $400 million, or 5.5 percent of sales; diluted EPS of $2.82 • EBITDA in the third quarter was 12.1 percent of sales • Third quarter results reflect: ◦ Two

View on SEC.gov

Browse all earnings releases →

CUMMINS INC filing history →

Source: SEC EDGAR

accession 0000026172-22-000052

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.