Highest-materiality recent filing
Cummins Q2 record revenue $9.5B, EPS $6.73; raises FY revenue guidance to up 10-13%
Q2 revenue $9.5B (+9% YoY); GAAP net income $932M; diluted EPS $6.73 (vs $6.43 YoY).
Cummins Q1 revenue $8.4B (+3%), raises FY 2026 guidance on strong power gen demand
GAAP diluted EPS $4.71 (incl. $1.44 charge from fuel cell sale) vs $5.96 YoY; EBITDA 15.4% of sales.
Cummins Q4 net income $593M ($4.27 EPS); revenue $8.5B; FY2026 outlook +3-8% revenue growth
Q4 2025 revenue $8.5B (+1% YoY); GAAP net income $593M ($4.27 diluted EPS) vs $418M ($3.02) last year.
Cummins Q3 GAAP EPS $3.86 vs $5.86; records $240M Accelera non-cash charge; dividend raised to $2.00
Revenue $8.3B (-2% YoY); EBITDA margin 14.3% vs 16.4%; tax rate 32.7% due to One Big Beautiful Bill Act costs.
Cummins Q2 EPS $6.43 beats prior year; dividend raised 9.9% to $2.00
Revenue $8.6B (-2% YoY); GAAP net income $890M ($6.43 diluted EPS) vs $726M ($5.26) in 2024.
Cummins issues $2B in three tranches of senior notes due 2028, 2031, 2035
$300M 4.250% Senior Notes due 2028, $700M 4.700% due 2031, $1B 5.300% due 2035.
Cummins prices $2B three-tranche senior notes offering
$300M 4.250% notes due 2028, $700M 4.700% notes due 2031, $1B 5.300% notes due 2035.
Cummins Q1 revenue $8.2B (-3% YoY), EPS $5.96; withdraws FY2025 outlook due to tariffs
GAAP net income $824M ($5.96 diluted EPS), down from $2.0B ($14.03) a year ago which included $1.3B Atmus gain.
Cummins Q4 2024: EPS $3.02 on $8.4B revenue; full-year record; Accelera reorganization charges $312M
Q4 net income $418M ($3.02 EPS) vs year-ago net loss; includes $312M Accelera reorganization charge ($2.14/dil share).
Cummins Q3 EPS $5.86; raises FY EBITDA guidance to ~15.5%; dividend up 8.3%
Q3 revenue $8.5B flat YoY; GAAP net income $809M; diluted EPS $5.86 vs $4.59 YoY.
Cummins reports record Q2 revenue $8.8B, raises FY guidance; EPS $5.26
Q2 record revenue $8.8B (+2% YoY); GAAP net income $726M, diluted EPS $5.26 vs $5.05.
Revenue $8.4B, down 1% YoY; GAAP net income $2.0B, diluted EPS $14.03 vs $5.55 in Q1 2023.
Cummins issues $2.25B in senior notes across 2029, 2034, and 2054 maturities
$500M of 4.900% Senior Notes due 2029, $750M of 5.150% due 2034, $1.0B of 5.450% due 2054.
Cummins announces plan to separate Atmus Filtration via exchange offer
Cummins will offer to exchange up to all Atmus shares it holds for tendered CMI shares.
Cummins Q4 net loss $1.4B on $2.04B regulatory charge; full year revenue record $34.1B
Q4 revenues $8.5B (+10% YoY); GAAP diluted EPS $(10.01) vs $4.43 a year ago.
Cummins to take $2.04B charge for emissions settlement agreement in principle
Charge approx $2.04B in Q4 2023; $1.93B expected to be paid in first half 2024.
Cummins Q3 revenue $8.4B (+15%), EPS $4.59, raises FY revenue guidance to +18-21%
Q3 revenues of $8.4B (+15% YoY); GAAP net income $656M ($4.59 diluted EPS) vs $400M ($2.82) a year ago.
Cummins VP & President Distribution Business Tracy Embree resigns effective Sept 8
Tracy A. Embree, Vice President and President – Distribution Business, resigns effective September 8, 2023.
Cummins Q2 revenue $8.6B (+31% YoY), EPS $5.05, raises quarterly dividend to $1.68/share
Record Q2 revenues $8.6B, up 31% YoY; GAAP net income $720M, diluted EPS $5.05.
Cummins CEO Jennifer Rumsey named Chair of the Board; Linebarger retires Aug 1, 2023
Jennifer Rumsey, current President and CEO, elected Chair of the Board effective Aug 1, 2023.
Cummins reports record Q1 revenue $8.5B, EPS $5.55, raises FY2023 guide
Record Q1 revenue $8.5B (+32% YoY); GAAP net income $790M; diluted EPS $5.55 vs $2.92.
Cummins reports record full-year 2022 revenue $28.1B, EPS $15.12; guides 2023 rev up 12-17%
Q4 revenue $7.8B, net income $631M, diluted EPS $4.43; includes $0.36 favorable discrete tax items.
Cummins Q3 revenue $7.3B, GAAP EPS $2.82; lowers FY EBITDA guidance to ~15%
GAAP net income $400M ($2.82 EPS); adjusted net income $456M ($3.21 EPS) excluding Meritor.
Cummins subsidiaries enter $1B credit facility to finance filtration business spin-off
$1B facility comprised of $400M revolver and $600M term loan, maturing Sept 30, 2027.
Cummins completes $3.7B acquisition of Meritor, expects $130M annual synergies
Completed acquisition of Meritor, Inc. on August 3, 2022, for total transaction value of approx. $3.7 billion, including assumed debt net of cash.
Cummins Q2 revenue $6.6B (+8% YoY); EPS $4.94; maintains FY2022 guidance
Record revenue of $6.6B (+8% YoY); diluted EPS $4.94 vs $4.10 in Q2 2021.
Cummins secures $2.0B delayed-draw term loan for Meritor acquisition and general corporate purposes
Loan agreement with Wells Fargo as agent; single draw of up to $2.0B before Oct 13, 2022, maturity 3 years after funding.
Jennifer Rumsey named CEO of Cummins effective Aug 1; Linebarger becomes Executive Chairman
Tom Linebarger ends CEO term Aug 1, 2022; serves as Executive Chairman and Board Chairman.
Cummins Q1 revenue $6.4B (+5% YoY), EPS $2.92; raises FY guidance to +8% sales
Revenue $6.4B (+5% YoY), GAAP net income $418M, diluted EPS $2.92 (vs $4.07 last year).
Cummins to acquire Meritor for $36.50/share in all-cash deal valued at ~$3.7B
Acquisition price of $36.50 per share in cash; total enterprise value approximately $3.7 billion including assumed debt and net of acquired cash.
Cummins to acquire Meritor for $36.50/share in $3.7B all-cash deal
Cummins (CMI) to buy Meritor (MTOR) at $36.50/share all-cash, a 48% premium to Feb. 18 close.
On March 18, 2025, Cummins Inc. (the “Company”) issued a press release announcing that Sharon R. Barner, the Company’s Chief Administrative Officer, will retire from the Company, effective May 31, 2025.
Tony Satterthwaite, the Company’s Senior Vice President, will retire from the Company, effective September 15, 2024.
On February 12, 2024, Cummins Inc. (the “Company”) elected John H. Stone, President and Chief Executive Officer of Allegion plc, as a director of the Company to serve until the Company’s next annual meeting of shareholders.
On October 9, 2023, Cummins Inc. (the “Company”) elected Daniel W. Fisher, Chairman and Chief Executive Officer of Ball Corporation as a director of the Company to serve until the Company’s next annual meeting of shareholders.
On August 25, 2023, Tracy A. Embree, Cummins Inc.’s Vice President and President – Distribution Business, provided notice of her intention to resign from Cummins Inc., effective September 8, 2023.
following current Executive Chairperson N. Thomas Linebarger’s retirement from the Board on July 31, 2023.
On July 12, 2023, Cummins Inc. (the “Company”) announced that its Board of Directors (the “Board”) elected Jennifer Rumsey, the Company’s President and Chief Executive Officer, as Chairperson of the Board effective August 1, 2023, following current Executive Chairperson N. Thomas Linebarger’s retirement from the Board on July 31, 2023.
On November 15, 2022, Franklin R. Chang Diaz provided notice of his intention to resign from the Board of Directors of Cummins Inc. (the “Company”), including all the committees thereof, effective November 15, 2022.
Jennifer Rumsey, the Company’s President and Chief Operating Officer, will succeed Mr. Linebarger as the Company’s President and Chief Executive Officer, effective August 1, 2022.
Tom Linebarger, the Company’s Chairman of the Board of Directors (the “Board”) and Chief Executive Officer since 2012, will end his term as Chief Executive Officer, effective August 1, 2022. Mr. Linebarger will continue to serve as Chairman of the Board and will transition to an Executive Chairman role, also effective August 1, 2022.
On July 11, 2022, the Board of Directors of Cummins Inc. (the "Company") elected Gary L. Belske, former Deputy Managing Partner and Chief Operating Officer of Ernst & Young, as director of the Company to serve until the Company's next annual meeting of shareholders.
On February 8, 2022, Cummins Inc. (“Cummins,” “the Company,” “the registrant,” “we,” “our,” or “us”) elected Jennifer Rumsey, its President and Chief Operating Officer, as a director of the Company.
Max materiality 0.85 · Median 0.65 · Most common event earnings