Cummins Q3 revenue $8.4B (+15%), EPS $4.59, raises FY revenue guidance to +18-21%

CUMMINS INC

2023-Q3 EPS reported $15.19 revenue$25,522,000,000

Q3 revenues of $8.4B (+15% YoY); GAAP net income $656M ($4.59 diluted EPS) vs $400M ($2.82) a year ago.
Record Q3 operating cash flow of $1.5B; EBITDA margin 14.6% vs 12.1% prior year.
Full-year 2023 revenue guidance raised to +18-21% (prior +15-20%); EBITDA guidance narrowed to 15.2-15.4% of sales.
Quarterly dividend increased 7% to $1.68/share from $1.57; 14th consecutive annual increase.
Components segment sales up 20% to $3.2B; Accelera revenue doubled to $103M but EBITDA loss of $114M.

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 0.95

CUMMINS INC reported the third quarter of 2023 results: revenue $8.4 billion, net income $656 million, EPS $4.59. Guidance raised.

Period: the third quarter of 2023
Revenue: $8.4 billion
Net income: $656 million
EPS: $4.59
Guidance: raised
Result: reported results

Exact text from the filing

Company under the Securities Act of 1933 or the Exchange Act. --- EX-99 (EX-99) --- November 2, 2023 Cummins Reports Third Quarter 2023 Results • Third quarter revenues of $8.4 billion; GAAP 1 Net Income of $656 million • EBITDA in the third quarter was 14.6 percent of sales; Diluted EPS of $4.59 • Third quarter results include $26 million, or $0.14 per diluted

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Source: SEC EDGAR

accession 0000026172-23-000042

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