CMI - Cummins Sails Through Market Turbulence: Posts Revenue Uptick While Bracing For A Challenging 2024 | Benzinga
Cummins Inc (NYSE:CMI) reported fourth-quarter fiscal 2023 sales growth of 10% year-over-year to $8.54 billion, beating the consensus of $8.14 billion.
The Columbus, Indiana-based company stated that sales in North America increased 8% and international revenues increased 13%, reflecting strong demand across most global markets.
Adjusted EPS of $4.14 missed the consensus of $4.48.
The results include a $2.04 billion charge related to the previously announced agreement to resolve U.S. regulatory claims, $42 million in costs associated with the implementation of voluntary retirement and separation programs, and $33 million in expenses related to the separation ...