- Cummins press release ( NYSE: CMI ): Q3 EPS of $2.82 may not be comparable to consensus of $4.83.
- Revenue of $7.3B (+22.3% Y/Y) beats by $170M .
- Updated outlook for full year 2022:
- Full year 2022 revenue guidance, excluding the Meritor business, is being maintained, with revenue expected to increase 8 percent.
- Full year 2022 EBITDA guidance, excluding the Meritor business, is lowered to approximately 15.0 percent, from prior guidance of approximately 15.5 percent.
- The company continues to expect to return approximately 50 percent of Operating Cash Flow to shareholders in 2022 in the form of dividends and share repurchases.
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CumminsEPS of $2.82, revenue of $7.3B beats by $170M