Cummins (CMI) Misses Q3 EPS by $1.98, Revenue Beats
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Cummins Reports Third Quarter 2022 Results
November 3, 2022 7:30 AM EDTThird quarter revenues of $7.3 billion GAAP1 Net Income of $400 million, or 5.5 percent of sales; diluted EPS of $2.82 EBITDA in the third quarter was 12.1 percent of sales Third quarter results reflect: Two months of operations from the acquired Meritor business, including $737 million in revenue and $37 million, or $0.26 per diluted share of GAAP1 Net Loss. Cummins also incurred $25 million, or $0.13 per diluted share, of costs in the third quarter related to the acquisition and integration of Meritor. $16 million, or $0.09 per diluted share, of costs... More
