Cummins (CMI) Tops Q4 EPS by 11c
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Cummins Reports Strong Fourth Quarter and Full Year 2022 Results
February 6, 2023 7:30 AM ESTFourth quarter revenues of $7.8 billion; GAAP1 Net Income of $631 million EBITDA in the fourth quarter was 14.2 percent of sales; Diluted EPS of $4.43 Fourth quarter results reflect: $52 million, or $0.36 per diluted share, of favorable discrete tax items. $27 million, or $0.15 per diluted share, of costs related to the integration of Meritor. $19 million, or $0.11 per diluted share, of costs related to the separation of the Filtration business. Excluding the Meritor business and related integration costs and Filtration separation costs, EBITDA... More
