Cummins reports Q4 EPS $3.02, consensus $4.69

Reports Q4 revenue $8.45B, consensus $8.09B. The current quarter results include Accelera reorganization actions of $312M, or $2.14 per diluted share, which were primarily non-cash charges. “Cummins (CMI) delivered strong operational results in the fourth quarter and achieved record full year revenues, net income, EBITDA and EPS, despite a decline in heavy duty truck demand in North America,” said Jennifer Rumsey, chair and CEO of Cummins. “In the fourth quarter, we recorded charges related to the reorganization of our Accelera by Cummins segment. The charges were the result of a strategic review to streamline operations and focus investments, as the adoption of certain zero-emissions solutions has slowed in some regions around the world.”