Cummins (CMI) Tops Q4 EPS by 14c, Revenues Beat
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Cummins Announces Fourth Quarter and Full Year 2019 Results
February 4, 2020 7:30 AM ESTFourth quarter revenues of $5.6 billion; GAAP1 Net Income of $300 million Fourth quarter results include a $119 million pre-tax restructuring charge Excluding restructuring, EBITDA in the fourth quarter was 12.2 percent of sales and Diluted EPS $2.56 Full year revenues of $23.6 billion; GAAP1 Net Income of $2.3 billion Excluding restructuring, EBITDA for the full year was 15.8 percent of sales; Diluted EPS of $15.05 Returned a record $2.0 billion in cash to shareholders through dividends and share repurchases in 2019 The company expects full year 2020 revenues to be down 8... More
