secwatch.observer — SEC 8-K summary
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Issuer:     CUMMINS INC (CMI)
CIK:        0000026172
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0000026172-23-000042
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26172/000002617223000042/0000026172-23-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26172/000002617223000042/cmi-20231102.htm
  HTML page:      https://secwatch.observer/filing/0000026172-23-000042

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