---
schema_version: "secwatch.filing_event.v1"
accession: "0000026172-24-000019"
form_type: "8-K"
ticker: "CMI"
cik: "0000026172"
company_name: "CUMMINS INC"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:59:20.345298+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cummins Q1 revenue $8.4B, diluted EPS $14.03 (incl $9.08 Atmus gain); raises FY EBITDA guidance to 14.5%-15.5%

## Summary
- Revenue $8.4B, down 1% YoY; GAAP net income $2.0B, diluted EPS $14.03 vs $5.55 in Q1 2023.
- Net gain of $1.3B ($9.08/diluted share) from Atmus separation; restructuring costs $29M ($0.15/share).
- FY 2024 revenue guidance unchanged at down 2%-5% (ex-Atmus); EBITDA guidance raised to 14.5%-15.5% from 14.4%-15.4%.
- Components sales $3.3B (-6%), Engine $2.9B (-2%), Distribution $2.5B (+5%), Power Systems $1.4B (+3%), Accelera $93M (+9%) with EBITDA loss $101M.
- Atmus separation completed in March via share exchange; no retained shares. Demand strong, but expects slowing in H2 2024.

## SEC filing metadata
- accession: 0000026172-24-000019
- form_type: 8-K
- ticker: CMI
- cik: 0000026172
- company_name: CUMMINS INC
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/26172/000002617224000019/0000026172-24-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/26172/000002617224000019/cmi-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000026172-24-000019
- JSON: https://secwatch.observer/filing/0000026172-24-000019.json
- Plain text: https://secwatch.observer/filing/0000026172-24-000019.txt

## Key facts
- Earnings Releases
  CUMMINS INC reported the first quarter of 2024 results: revenue $8.4 billion, net income $2.0 billion, EPS $14.03 per diluted share. Guidance raised.
  - Period: the first quarter of 2024
  - Revenue: $8.4 billion
  - Net income: $2.0 billion
  - EPS: $14.03 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: of the Company under the Securities Act of 1933 or the Exchange Act. --- EX-99 (EX-99) --- May 2, 2024 Cummins Reports First Quarter 2024 Results • First quarter revenues of $8.4 billion; GAAP 1 Net Income of $2.0 billion • EBITDA in the first quarter was 30.6% of sales; Diluted EPS of $14.03 • First quarter results include a net gain of $1.3 billion, or $9.08
  evidence_url: https://www.sec.gov/Archives/edgar/data/26172/000002617224000019/0000026172-24-000019-index.htm

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