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 ...

Cummins Inc. (NYSE:CMI) Citi’s 2023 Global Industrial Tech & Mobility Conference February 21, 2023 10:30 AM ET Company Participants Chris Clulow - VP, IR Jeff Wiltrout - Corporate Strategy Conference Call Participants Tim Thein - Citi Tim Thein We’re moving along here. Thanks, everyone, for coming out. I’m really excited to have the team from Cummins here. A brief hiatus last year, but they have been long and loyal supporters for this conference. So, thank you guys for being here. Chris Clulow, directly to ...

LIQUIDITY AND CAPITAL RESOURCES Cash Flows Net cash provided by operating activities decreased $294 million, primarily due to higher working capital requirements of $646 million, partially offset by lower equity earnings, net of dividends of $147 million and Russian suspension costs of $111 million. The higher working capital requirements resulted in a cash outflow of $1.0 billion compared to a cash outflow of $359 million in the comparable period in 2021, mainly due to decreased accrued expenses (as a resu ...

Cummins Inc. (NYSE:CMI) Q4 2022 Results Conference Call February 6, 2023 10:00 AM ET Company Participants Chris Clulow - VP, IR Jennifer Rumsey - President and CEO Mark Smith - CFO Conference Call Participants Jerry Revich - Goldman Sachs Jamie Cook - Credit Suisse Stephen Volkmann - Jefferies David Raso - Evercore ISI Rob Wertheimer - Melius Research Nicole DeBlase - Deutsche Bank Matt Elkott - Cowen Noah Kaye - Oppenheimer Tami Zakaria - JPMorgan Michael Feniger - Bank of America Operator Greetings, and w ...