---
schema_version: "secwatch.filing_event.v1"
accession: "0000026172-24-000003"
form_type: "8-K"
ticker: "CMI"
cik: "0000026172"
company_name: "CUMMINS INC"
filed_at: "2024-02-06T23:59:59+00:00"
generated_at: "2026-06-06T08:38:24.126454+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cummins Q4 net loss $1.4B on $2.04B regulatory charge; full year revenue record $34.1B

## Summary
- Q4 revenues $8.5B (+10% YoY); GAAP diluted EPS $(10.01) vs $4.43 a year ago.
- $2.04B charge ($13.76/diluted share) for agreement to resolve U.S. regulatory claims recognized in Q4.
- Full year 2023 revenue $34.1B (+21% YoY); diluted EPS $5.15 vs $15.12.
- 2024 guidance: revenues expected to decline 2%-5%; EBITDA margin target 14.4%-15.4%.
- Record operating cash flow of $4.0B in 2023; dividend increased for 14th consecutive year.

## SEC filing metadata
- accession: 0000026172-24-000003
- form_type: 8-K
- ticker: CMI
- cik: 0000026172
- company_name: CUMMINS INC
- filed_at: 2024-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/26172/000002617224000003/0000026172-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/26172/000002617224000003/cmi-20240206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000026172-24-000003
- JSON: https://secwatch.observer/filing/0000026172-24-000003.json
- Plain text: https://secwatch.observer/filing/0000026172-24-000003.txt

## Key facts
- Earnings Releases
  CUMMINS INC reported full year 2023 results: revenue $34.1 billion, net income Net Income of $735 million, EPS $5.15 per diluted share. Guidance reaffirmed.
  - Period: full year 2023
  - Revenue: $34.1 billion
  - Net income: Net Income of $735 million
  - EPS: $5.15 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: of voluntary retirement and separation programs ◦ $33 million, or $0.17 per diluted share, of costs related to the separation of Atmus • Full year 2023 revenues of $34.1 billion; GAAP 1 Net Income of $735 million • EBITDA for full year 2023 was 8.9% of sales; Diluted EPS of $5.15 • Full year 2024 revenues expected to decline between 2% and 5%; EBITDA
  evidence_url: https://www.sec.gov/Archives/edgar/data/26172/000002617224000003/0000026172-24-000003-index.htm
- Earnings Releases
  CUMMINS INC reported fourth quarter of 2023 results: revenue $8.5 billion, net income Net loss of $1.4 billion, EPS $(10.01) per diluted share. Guidance reaffirmed.
  - Period: fourth quarter of 2023
  - Revenue: $8.5 billion
  - Net income: Net loss of $1.4 billion
  - EPS: $(10.01) per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Securities Act of 1933 or the Exchange Act. --- EX-99 (EX-99) --- February 6, 2024 Cummins Reports Fourth Quarter and Full Year 2023 Results • Fourth quarter 2023 revenues of $8.5 billion; GAAP 1 Net Loss of $1.4 billion • Fourth quarter 2023 EBITDA was negative 10.3% of sales; Diluted EPS of $(10.01) • The results for the fourth quarter 2023 reflect: ◦ $2.04
  evidence_url: https://www.sec.gov/Archives/edgar/data/26172/000002617224000003/0000026172-24-000003-index.htm

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