Cummins (CMI) Q1 Revenue Tops Consensus
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Cummins Reports First Quarter 2022 Results
May 3, 2022 7:30 AM EDTFirst quarter revenues of $6.4 billion; GAAP1 Net Income of $418 million EBITDA in the first quarter was 11.8 percent of sales; Diluted EPS of $2.92 First quarter results include costs of $158 million ($1.03 per diluted share) related to the indefinite suspension of operations in Russia, and $17 million ($0.09 per diluted share) related to the separation of the Filtration business The company is raising its full year 2022 revenue guidance to be up 8 percent; an increase from up 6 percent in previous guidance The company is maintaining its 2022 full year guidance for EBITDA of... More
