2023 Guidance 1 2022 excludes $55 million of net cost related to the indefinite suspension of operations in Russia Distribution Segment - Joint Venture Sales Unconsolidated $1,500 Q3 2023 LTM Revenue $1,322 Third Quarter 2023 Earnings Teleconference November 2, 2023 CONTENTS Q3 2023 Summary 2023 Guidance 39 Power Systems Segment - Overview Q3 2023 LTM Results • Third quarter revenues of $8.4 billion Q3 2023 Supplemental Information Appendix 2 Disclosure Regarding Forward-Looking Statements Information provi ...

Cummins Inc. (NYSE:CMI) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Chris Clulow - Vice President, Investor Relations Jennifer Rumsey - Chair & Chief Executive Officer Mark Smith - Chief Financial Officer Conference Call Participants Jerry Revich - Goldman Sachs David Raso - Evercore Rob Wertheimer - Melius Research Tami Zakaria - JPMorgan Tim Thein - Citi Steven Fisher - UBS Noah Kaye - Oppenheimer Operator Greetings, and welcome to the Cummins Incorporated. Third Qua ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------|-------|-------|------------------------------------|-----------------------|-------|-------|-------------------|-------|-------|-------|-------------------------------------------------|-------|-------------------| | In millions \nEquity securities | | Cost | September \nGross gains/(losses) | 30, 2023 \nunrealized | | fair | Estimated value | | Cost | Gross | December 31, 2022 \nu ...

Cummins Inc. (NYSE:CMI) Q2 2023 Earnings Conference Call August 3, 2023 10:00 AM ET Company Participants Chris Clulow - Vice President of Investor Relations Jennifer Rumsey - Chairman and Chief Executive Officer Mark Smith - Vice President and Chief Financial Officer Conference Call Participants Jamie Cook - Credit Suisse Securities Jerry Revich - Goldman Sachs & Co. Inc. Tim Thein - CITI Investment Research David Raso - Evercore ISI Robert Wertheimer - Melius Research Tami Zakaria - JPMorgan Securities, In ...

2023 Earnings CONTENTS Q2 2023 Supplemental Information Disclosure Regarding Forward-Looking Statements Q2 2023 Summary • EBITDA of $1,304 million or 15.1 percent of sales ◦ EBITDA of $1,327 million or 15.4 percent of sales excluding $23 million of cost related to the separation of the Filtration business 4 5 Net Sales 3,425 2,988 2,595 1,457 85 (1,912) 8,638 1 2 | --- | --- | --- | --- | --- | --- | --- | |------------|--------|--------------|-----------------|----------|----------------------------|------ ...

During the second quarter of 2023, we finalized our accounting for the Meritor, Inc. acquisition. The primary components of the change were to increase contingent liabilities by $62 million offset by finalization of deferred taxes and tax reserves, with a net increase to goodwill of $26 million. There was no impact to the Condensed Consolidated Statements of Net Income for any of the changes. Operating segments under GAAP are defined as components of an enterprise about which separate financial information ...

Cummins Inc. (NYSE:CMI) Deutsch Bank 14th Annual Global Industrials & Materials Summit Conference Transcript June 7, 2023 2:00 PM ET Executives Tony Satterthwaite - Vice Chairman Chris Clulow - Head, Investor Relations Analysts Nicole DeBlase - Deutsche Bank Nicole DeBlase Okay. I think we are live again. So for those of you that don’t know me or haven’t been in all the sessions today, I am Nicole DeBlase. I cover multi-industry electrical equipment, as well as machinery at DB. Next up on the presentation s ...

Cummins Inc. (NYSE:CMI) Q1 2023 Earnings Conference Call May 2, 2023 10:00 AM ET Company Participants Chris Clulow - Vice President-Investor Relations Jennifer Rumsey - President & Chief Executive Officer Mark Smith - Chief Financial Officer Conference Call Participants Jerry Revich - Goldman Sachs Tim Thein - Citi Jamie Cook - Credit Suisse David Raso - Evercore ISI Rob Wertheimer - Melius Research Steven Fisher - UBS Matt Elkott - TD Cowen Operator Greetings and welcome to the Cummins Inc. First Quarter 2 ...

• challenging markets for talent and ability to attract, develop and retain key personnel; • competitor activity; • foreign currency exchange rate changes; • other risk factors described in Part II, Item 1A in this quarterly report and our 2022 Form 10-K, Part I, Item 1A, both under the caption "Risk Factors." ORGANIZATION OF INFORMATION • OPERATING SEGMENT RESULTS • RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS As previously announced, beginning in the first quarter of 2023, we realigned certain businesses an ...

Cummins, Inc. (NYSE:CMI) Barclays 2023 Industrial Select Conference February 23, 2023 10:55 AM ET Company Participants Jeff Wiltrout - Vice President, Corporate Strategy Christopher Clulow - VP of Investor Relations Conference Call Participants Adam Seiden - Barclays Adam Seiden My name is Adam Seiden. I'm the U.S. machinery construction head here at Barclays. Joining us at this session is the team from Cummins. We have with us Jeff Wiltrout, from the strategy team -- Cummins strategy leader; as well as Chr ...