Cummins Announces Fourth Quarter and Full Year 2019 Results
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Cummins (CMI) Tops Q4 EPS by 14c, Revenues Beat
February 4, 2020 7:31 AM ESTCummins (NYSE: CMI) reported Q4 EPS of $2.56, $0.14 better than the analyst estimate of $2.42. Revenue for the quarter came in at $5.6 billion versus the consensus estimate of $5.3 billion.
Fourth quarter revenues of $5.6 billion; GAAP1 Net Income of $300 millionFourth quarter results include a $119 million pre-tax restructuring chargeExcluding restructuring, EBITDA in the fourth quarter was 12.2 percent of sales and Diluted EPS $2.56Full year revenues of $23.6 billion; GAAP1 Net Income of $2.3 billionExcluding restructuring, EBITDA for the full year was 15.8 percent of sales; Diluted EPS of $15.05Returned a record $2.0 billion in cash... More