secwatch.observer — SEC 8-K summary
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Issuer:     CUMMINS INC (CMI)
CIK:        0000026172
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0000026172-24-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26172/000002617224000003/0000026172-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26172/000002617224000003/cmi-20240206.htm
  HTML page:      https://secwatch.observer/filing/0000026172-24-000003

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