Form 8-K CUMMINS INC For: Feb 03

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Go back to Form 8-K CUMMINS INC For: Feb 03

Cummins (CMI) Misses Q4 EPS by 42c, Revenue Beats, Offers Outlook

February 3, 2022 6:15 AM EST

Cummins (NYSE: CMI) reported Q4 EPS of $2.73, $0.42 worse than the analyst estimate of $3.15. Revenue for the quarter came in at $5.9 billion versus the consensus estimate of $5.79 billion.


2022 Outlook:

Based on the current forecast, Cummins projects full year 2022 revenues to be up 6 percent, and EBITDA to be approximately 15.5 percent of sales. We expect revenues to increase in all regions and major markets except China where we expect demand to moderate after a record year in 2021.The company plans to continue to generate strong operating cash flow and returns for... More