Cummins posts record 2022 results as it integrates Meritor business

Capt. John

Cummins Inc. posted strong fourth-quarter results and it set records in several financial metrics in 2022 as the engine maker integrated billions of dollars of acquisitions including taking over Meritor Inc.

Revenue of $7.8 billion in the last three months of 2022 was 32.2% above Q4 of 2021. It topped analyst estimates by $590 million, according to investor site Seeking Alpha.

Not counting the Meritor business and related integration costs, net income for the quarter was $644 million, or $4.52...

https://www.freightwaves.com/news/cummins-posts-record-2022-results-as-it-integrates-meritor-business

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