Cummins (CMI) Misses Q3 EPS by 11c
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Cummins Reports Third Quarter 2023 Results
November 2, 2023 7:30 AM EDTThird quarter revenues of $8.4 billion; GAAP1 Net Income of $656 million EBITDA in the third quarter was 14.6 percent of sales; Diluted EPS of $4.59 Third quarter results include $26 million, or $0.14 per diluted share, of costs related to the separation of Atmus Filtration Technologies Inc. Third quarter net cash provided by operating activities was a record $1.5 billion The company is raising its full year 2023 revenue guidance to be up 18 to 21 percent; an increase from previous guidance of up 15 to 20 percent EBITDA is now expected to be in the range... More
