Cummins Reports Strong Fourth Quarter and Full Year 2022 Results
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Cummins (CMI) Tops Q4 EPS by 11c
February 6, 2023 7:34 AM ESTCummins (NYSE: CMI) reported Q4 EPS of $4.63, $0.11 better than the analyst estimate of $4.52. Revenue for the quarter came in at $7.8 billion versus the consensus estimate of $7.28 billion.
Net income attributable to Cummins in the fourth quarter was $631 million, or $4.43 per diluted share. The tax rate in the fourth quarter was 17.2 percent including $52 million, or $0.36 per diluted share, of favorable discrete tax items. Excluding the Meritor business and related integration costs, net income for the quarter was $644 million, or $4.52 per diluted share, compared... More