Cummins Reports Fourth Quarter and Full Year 2023 Results
Cummins Inc. (NYSE: CMI) today reported fourth quarter and full year 2023 results.
- Cummins Inc. (NYSE: CMI) today reported fourth quarter and full year 2023 results.
- The fourth quarter of 2022 included $19 million, or $0.11 per diluted share, of costs related to the separation of Atmus.
- The tax rate in the fourth quarter of 2023 was negative 13.3% due primarily to the non-deductible costs related to the agreement to resolve U.S. regulatory claims.
- EBITDA for the fourth quarter of 2023 and the fourth quarter of 2022 included the costs noted above.