Cummins (CMI) Tops Q2 EPS by 7c, to Explore Strategic Alternatives for its Filtration Business

Cummins (NYSE: CMI) reported Q2 EPS of $4.10, $0.07 better than the analyst estimate of $4.03. Revenue for the quarter came in at $6.1 billion versus the consensus estimate of $5.99 billion.

2021 Outlook:

Based on the current forecast, Cummins maintains its full year 2021 revenue guidance of up 20 to 24 percent versus last year. EBITDA is expected to be in the range of 15.5 to 16.0 percent and the Company expects to return 75 percent of Operating Cash Flow to shareholders in 2021 in the form of dividends and share repurchases.

• Cummins is also announcing the exploration of strategic alternatives for its filtration business. Potential strategic alternatives to be explored include the separation of the Cummins Filtration business unit into a stand-alone company.

For earnings history and earnings-related data on Cummins (CMI) click here.

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