The third quarter of 2022 included two months of consolidated operations for Meritor following the completion of the acquisition on August 3, 2022. Sales in North America increased 16 percent and international revenues increased 13 percent due to the addition of Meritor and strong demand across most global markets. Third quarter revenues of $8.4 billion increased 15 percent from the same quarter in 2022. (NYSE: CMI) today reported results for the third quarter of 2023. EBITDA is now expected to be in the range of 15.2 to 15.4 percent narrowing the range of the previous guidance of 15.0 to 15.7 percentĬummins Inc.The company is raising its full year 2023 revenue guidance to be up 18 to 21 percent an increase from previous guidance of up 15 to 20 percent.Third quarter net cash provided by operating activities was a record $1.5 billion. Third quarter results include $26 million, or $0.14 per diluted share, of costs related to the separation of Atmus Filtration Technologies Inc.EBITDA in the third quarter was 14.6 percent of sales Diluted EPS of $4.59.Third quarter revenues of $8.4 billion GAAP 1 Net Income of $656 million.
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