Cummins Inc. (CMI) Q1 2023 Earnings Call Transcript

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 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Chris Clulow, Vice President of Investor Relations. Thank you. Please go ahead.

Chris Clulow

Thank you Donna. Good morning, everyone, and welcome to our teleconference today to discuss Cummins’ results for the first quarter of 2023. Participating with me today are Jennifer Rumsey, our President and Chief Executive Officer; and 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 and 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 will 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 presentations 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. Thank you.