---
schema_version: "secwatch.filing_event.v1"
accession: "0000026172-23-000002"
form_type: "8-K"
ticker: "CMI"
cik: "0000026172"
company_name: "CUMMINS INC"
filed_at: "2023-02-06T23:59:59+00:00"
generated_at: "2026-06-20T00:30:42.004767+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cummins reports record full-year 2022 revenue $28.1B, EPS $15.12; guides 2023 rev up 12-17%

## Summary
- 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.

## SEC filing metadata
- accession: 0000026172-23-000002
- form_type: 8-K
- ticker: CMI
- cik: 0000026172
- company_name: CUMMINS INC
- filed_at: 2023-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/26172/000002617223000002/0000026172-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/26172/000002617223000002/cmi-20230206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000026172-23-000002
- JSON: https://secwatch.observer/filing/0000026172-23-000002.json
- Plain text: https://secwatch.observer/filing/0000026172-23-000002.txt

## Key facts
- Earnings Releases
  CUMMINS INC updated its full year 2023 guidance (raised).
  - Period: full year 2023
  - Guidance: raised
  - Result: guidance update
  source text: Cummins projects full year 2023 revenues to be up 12 to 17 percent, and EBITDA to be in the range of 14.5 and 15.2 percent of sales.
  evidence_url: https://www.sec.gov/Archives/edgar/data/26172/000002617223000002/0000026172-23-000002-index.htm
- Earnings Releases
  CUMMINS INC reported fourth quarter of 2022 results: revenue $7.8 billion, net income $631 million, EPS $4.43.
  - Period: fourth quarter of 2022
  - Revenue: $7.8 billion
  - Net income: $631 million
  - EPS: $4.43
  - Result: reported results
  source text: Fourth quarter revenues of $7.8 billion; GAAP 1 Net Income of $631 million • EBITDA in the fourth quarter was 14.2 percent of sales; Diluted EPS of $4.43
  evidence_url: https://www.sec.gov/Archives/edgar/data/26172/000002617223000002/0000026172-23-000002-index.htm
- Earnings Releases
  CUMMINS INC reported full year 2022 results: revenue $28.1 billion, net income $2.2 billion, EPS $15.12.
  - Period: full year 2022
  - Revenue: $28.1 billion
  - Net income: $2.2 billion
  - EPS: $15.12
  - Result: reported results
  source text: Full year revenues of $28.1 billion; GAAP 1 Net Income of $2.2 billion • EBITDA for the full year was 13.5 percent of sales; Diluted EPS of $15.12
  evidence_url: https://www.sec.gov/Archives/edgar/data/26172/000002617223000002/0000026172-23-000002-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.