Cummins Inc. (CMI) Q3 2022 Earnings Call Transcript

Cummins Inc. (NYSE:CMI) Q3 2022 Earnings Conference Call November 3, 2022 10:00 AM ET

Company Participants

Christopher Clulow - VP & Corporate Controller

Jennifer Rumsey - President and CEO

Mark Smith - CFO & VP

Conference Call Participants

Stephen Volkmann - Jefferies

Jamie Cook - Crédit Suisse

Robert Wertheimer - Melius Research

David Raso - Evercore ISI

Jerry Revich - Goldman Sachs

Tami Zakaria - J.P. Morgan

Steven Fisher - UBS

Matthew Elkott - Cowen and Company

Noah Kaye - Oppenheimer & Company

Operator

Good day, ladies and gentlemen, and welcome to the Cummins, Inc. Q3 2022 Earnings Conference Call. All lines have been placed on a listen-only mode and the floor will be open for questions and comments following the presentation. [Operator Instructions].

At this time, it is my pleasure to turn the floor over to your host, Chris Clulow, Vice President of Investor Relations. Sir, the floor is yours.

Christopher Clulow

[Technical Difficulty]. Mark Smith, our Chief Financial Officer. We will all be available to answer questions at the end of the teleconference.

Before we start, please note that some of the information that you will hear or be given today will consist of forward-looking statements within the meaning of the Securities Exchange Act of 1934. Such statements express our forecasts, expectations, hopes, beliefs, and intentions on strategies regarding the future. Our actual future results could differ materially from those projected in such forward-looking statements because of a number of risks and uncertainties. More information regarding such risks and uncertainties is available in the forward-looking disclosure statement in the slide deck and our filings with the Securities and Exchange Commission, particularly the risk factors section of our most recently filed Annual Report on Form 10-K and any subsequently filed quarterly reports on Form 10-Q.

During the course of this call, we will be discussing certain non-GAAP financial measures, and we'll refer you to our website for the reconciliation of those measures to GAAP financial measures. Our press release with a copy of the financial statements and a copy of today's webcast presentation are available on our website within the Investor Relations section at cummins.com.

With that out of the way, I will turn you over to our President and CEO, Jennifer Rumsey to kick us off.

Jennifer Rumsey

Thank you Chris and good morning. I will start with a summary of our third quarter financial results, then I will discuss our sales and end market trends by region, and I will finish with a discussion of our outlook for 2022. Mark will then take you through more details of both our third quarter financial performance and our forecast for the year.