secwatch.observer — SEC 8-K summary
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Issuer:     CUMMINS INC (CMI)
CIK:        0000026172
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0000026172-23-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cummins reports record Q1 revenue $8.5B, EPS $5.55, raises FY2023 guide
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- Record Q1 revenue $8.5B (+32% YoY); GAAP net income $790M; diluted EPS $5.55 vs $2.92.
- EBITDA $1.4B (16.1% of sales) vs $755M (11.8%) a year ago.
- 2023 revenue guidance raised to +15-20% (from +12-17%); EBITDA guidance raised to 15.0-15.7% (from 14.5-15.2%).
- Components segment revenue $3.6B (+79% YoY) driven by Meritor acquisition and strong demand.
- Accelera revenue $85M (+174%); EBITDA loss $94M reflecting investments in zero-emission tech.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26172/000002617223000013/0000026172-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26172/000002617223000013/cmi-20230502.htm
  HTML page:      https://secwatch.observer/filing/0000026172-23-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer