Cummins (CMI) Misses Q3 EPS by 22c

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Go back to Cummins (CMI) Misses Q3 EPS by 22c

Cummins Reports Third Quarter 2021 Results

November 2, 2021 7:30 AM EDT

Third quarter revenues of $6.0 billion; GAAP1 Net Income of $534 million. Third quarter EBITDA of 14.4 percent; Diluted EPS of $3.69. The company now expects its full year 2021 revenue to be up approximately 20.0 percent; compared to prior guidance of up 20.0 to 24.0 percent. The company is lowering its EBITDA guidance to be approximately 15.0 percent; compared to prior guidance of 15.5 to 16.0 percent.

 

COLUMBUS, Ind.--(BUSINESS WIRE)-- Cummins Inc. (NYSE: CMI) today reported results for the third quarter of 2021.

Third quarter revenues of $6.0 billion increased... More