secwatch.observer — SEC 8-K summary
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Issuer:     CUMMINS INC (CMI)
CIK:        0000026172
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0000026172-25-000036
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cummins Q3 GAAP EPS $3.86 vs $5.86; records $240M Accelera non-cash charge; dividend raised to $2.00
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- Revenue $8.3B (-2% YoY); EBITDA margin 14.3% vs 16.4%; tax rate 32.7% due to One Big Beautiful Bill Act costs.
- Accelera non-cash goodwill impairment and inventory write-downs of $240M ($1.73/diluted share) trigger electrolyzer strategic review.
- Quarterly dividend increased to $2.00/share from $1.82, marking 16th consecutive year of dividend growth.
- Power Systems sales +18% to $2.0B; Distribution sales +7% to $3.2B, both powered by data center backup demand.
- Full-year 2025 guidance withdrawn; company expects to provide 2026 outlook in February 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26172/000002617225000036/0000026172-25-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26172/000002617225000036/cmi-20251106.htm
  HTML page:      https://secwatch.observer/filing/0000026172-25-000036

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