Brief: Cummins Reports Q4 And Full Year 2023 Results

Cummins

06/02/2024 14:08

Feb 6 (Reuters) - Cummins Inc  CMI.N :
    * CUMMINS REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS
    * CUMMINS INC - FULL YEAR 2024 REVENUES EXPECTED TO DECLINE
BETWEEN 2% AND 5%; EBITDA EXPECTED TO RANGE BETWEEN 14.4% AND
15.4% OF SALES
    * CUMMINS INC - IN Q4 OF 2023, NET LOSS WAS $1.4 BILLION, OR
$10.01 PER DILUTED SHARE
    * CUMMINS - Q4 2023 REFLECTS $2.04 BILLION, OR $13.76 PER
DILUTED
SHARE, CHARGE RELATED TO PREVIOUSLY ANNOUNCED AGREEMENT TO
RESOLVE U.S. REGULATORY CLAIMS
    * CUMMINS INC - IN 2024, WE ANTICIPATE THAT DEMAND WILL SLOW
PARTICULARLY IN NORTH AMERICA HEAVY-DUTY TRUCK MARKET
    * CUMMINS - Q4 2023 REFLECTS $42 MILLION, OR $0.22 PER
DILUTED
SHARE, OF COSTS RELATED TO THE IMPLEMENTATION OF VOLUNTARY
RETIREMENT AND SEPARATION PROGRAMS
    * CUMMINS - Q4 2023 REFLECTS $33 MILLION, OR $0.17 PER
DILUTED
SHARE, OF COSTS RELATED TO THE SEPARATION OF ATMUS
    * CUMMINS -2024 OUTLOOK ASSUMES INCLUSION OF ATMUS FOR
ENTIRETY OF
2024, BUT EXCLUDES ANY COSTS OR BENEFITS ASSOCIATED WITH PLANNED
SEPARATION OF ATMUS
    * CUMMINS INC - UNTIL EXECUTION OF EXCHANGE OFFER, CO WILL
CONTINUE TO CONSOLIDATE ATMUS IN ITS RESULT

Source text for Eikon:  ID:nBw9HsByha 
Further company coverage:  CMI.N 

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