secwatch.observer — SEC 8-K summary
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Issuer:     CUMMINS INC (CMI)
CIK:        0000026172
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000026172-24-000033
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cummins reports record Q2 revenue $8.8B, raises FY guidance; EPS $5.26
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- Q2 record revenue $8.8B (+2% YoY); GAAP net income $726M, diluted EPS $5.26 vs $5.05.
- FY 2024 guidance raised: revenue down 3%-flat (prior down 2-5%), EBITDA 15.0-15.5% (midpoint up).
- Quarterly dividend increased 8.3% to $1.82/share; 15th consecutive annual increase.
- Power Systems sales +9% to $1.6B, EBITDA margin 18.9% driven by data center demand.
- Accelera sales +31% to $111M but EBITDA loss $117M; JV Amplify Cell Technologies formed with Daimler and PACCAR.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26172/000002617224000033/0000026172-24-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26172/000002617224000033/cmi-20240801.htm
  HTML page:      https://secwatch.observer/filing/0000026172-24-000033

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