Cummins (CMI) Misses Q4 EPS by 31c, Revenue Beats
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Cummins Reports Fourth Quarter and Full Year 2023 Results
February 6, 2024 7:30 AM ESTFourth quarter 2023 revenues of $8.5 billion; GAAP1 Net Loss of $1.4 billion Fourth quarter 2023 EBITDA was negative 10.3% of sales; Diluted EPS of $(10.01) The results for the fourth quarter 2023 reflect: $2.04 billion, or $13.76 per diluted share, charge related to the previously announced agreement to resolve U.S. regulatory claims $42 million, or $0.22 per diluted share, of costs related to the implementation of voluntary retirement and separation programs $33 million, or $0.17 per diluted share, of costs related to the separation of Atmus Full year 2023... More
