Cummins Q1 Report 2024

Highlights

• First quarter revenues of $8.4 billion
• GAAP Net Income of $1,993 million and Diluted EPS of $14.03
• Net income of $724 million and Diluted EPS of $5.10 excluding the net benefit related to the separation of Atmus and restructuring expenses
• Net income includes noncontrolling interest related to the public offering of 19.5% of Atmus that remained until its full separation on March 18, 2024
• EBITDA of $2,572 million or 30.6 percent of sales
• EBITDA of $1,303 million or 15.5 percent of sales excluding a $1,298 million net benefit related to the separation of Atmus and $29 million of restructuring expenses