secwatch.observer — SEC 8-K summary
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Issuer:     CUMMINS INC (CMI)
CIK:        0000026172
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0000026172-22-000052
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26172/000002617222000052/0000026172-22-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26172/000002617222000052/cmi-20221103.htm
  HTML page:      https://secwatch.observer/filing/0000026172-22-000052

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