secwatch.observer — SEC 8-K summary
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Issuer:     CUMMINS INC (CMI)
CIK:        0000026172
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0000026172-23-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26172/000002617223000002/0000026172-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26172/000002617223000002/cmi-20230206.htm
  HTML page:      https://secwatch.observer/filing/0000026172-23-000002

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