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Atmus Filtration Technologies Inc. - ATMU STOCK NEWS

Welcome to our dedicated page for Atmus Filtration Technologies news (Ticker: ATMU), a resource for investors and traders seeking the latest updates and insights on Atmus Filtration Technologies stock.

Atmus Filtration Technologies Inc. (ATMU) is a leading manufacturer of advanced filtration products primarily for the automotive and industrial sectors. Specializing in on-highway commercial vehicles and off-highway vehicles used in agriculture, construction, mining, and power generation, Atmus offers an extensive range of filtration solutions under the well-known Fleetguard brand.

The company's product line includes air filters, fuel filters, fuel water separators, lube filters, hydraulic filters, coolants, fuel additives, and other filtration systems. These products are designed to enable lower emissions and provide essential asset protection. Atmus caters to both first-fit and aftermarket applications, serving original equipment manufacturers (OEMs), dealers, distributors, and end-users alike.

Atmus is dedicated to innovation and quality, continually enhancing their offerings to meet the evolving demands of various industries. The company’s filtration solutions are integral in ensuring the smooth operation and longevity of engines and equipment, which is critical in sectors with high operational demands.

Recent achievements include advancements in filter technology that contribute to more efficient fuel consumption and reduced environmental impact. Atmus’s commitment to sustainable practices is reflected in their product development and manufacturing processes.

In partnership with Cummins Inc., Atmus has fortified its market position by leveraging Cummins' extensive network and technological expertise. This strategic alliance helps Atmus to deliver high-quality, reliable filtration solutions across the globe.

For those seeking the latest updates on Atmus Filtration Technologies Inc., the company's ongoing projects, financial health, and strategic developments, StockTitan provides comprehensive and current information to stay informed about your investments.

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Atmus Filtration Technologies (NYSE: ATMU) reported strong Q3 2024 results with net sales of $404 million, up 1.9% from Q3 2023. The company achieved GAAP net income of $44 million and diluted EPS of $0.52. Adjusted EBITDA reached $79 million with a 19.6% margin. Operating cash flow was $71 million, with adjusted free cash flow of $65 million. The company raised its 2024 guidance, projecting revenue between $1,650-1,675 million and adjusted EPS of $2.35-2.50. During Q3, Atmus repurchased $10 million in common stock and paid a $0.05 per share quarterly dividend.

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Atmus Filtration Technologies Inc. (NYSE: ATMU), a global leader in filtration, has announced two important updates. First, the company's Board of Directors has declared a quarterly cash dividend of $0.05 per common share. This dividend will be payable on November 13, 2024, to shareholders of record at the close of business on October 31, 2024.

Second, Atmus has scheduled its third quarter 2024 financial results release. The company will report its results before the market opens on Friday, November 8, 2024. Following this, Atmus will hold a conference call at 10:00 AM CT on the same day to discuss these results with the investment community. Investors can access a live webcast and replay of the conference call through the Atmus investor relations website at http://investors.atmus.com.

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Atmus Filtration Technologies Inc. (NYSE: ATMU) reported strong financial results for Q2 2024. Net sales increased 4.6% to $433 million, driven by higher volumes and pricing. GAAP net income was $56 million, with diluted EPS of $0.67. Adjusted EPS reached $0.71, while Adjusted EBITDA grew to $93 million with a margin of 21.4%.

The company updated its 2024 guidance, projecting revenue between $1,625-$1,675 million and adjusted EPS of $2.15-$2.40. Atmus also announced its first quarterly dividend of $0.05 per share and a $150 million share repurchase program, demonstrating commitment to shareholder value.

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Atmus Filtration Technologies (NYSE: ATMU), a global leader in the filtration industry, has announced it will release its second quarter 2024 financial results on Friday, August 2, 2024, before the market opens. The company will also host a conference call at 10:00 AM CT on the same day to discuss these results with investors. Interested parties can access a live webcast and replay of the conference call through the Atmus investor relations website at http://investors.atmus.com.

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Atmus Filtration Technologies Inc. (NYSE: ATMU) has announced its first quarterly cash dividend and a share repurchase program. The company will pay a $0.05 per common share dividend on August 14, 2024, to shareholders of record as of August 1, 2024. Additionally, the Board of Directors has authorized a $150 million share repurchase program, effective immediately.

CEO Steph Disher stated that this capital return program demonstrates Atmus's commitment to enhancing shareholder value. The company's strong cash generation allows it to invest in growth initiatives while returning capital to shareholders. The repurchase program has no expiration date and can be suspended or discontinued at any time.

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Atmus Filtration Technologies Inc. reported financial results for Q1 2024, with net sales of $427 million, GAAP net income of $46 million, diluted EPS of $0.54, and adjusted EPS of $0.60. The company reaffirmed its guidance for 2024 with revenue expected to be between $1,610 million to $1,675 million, adjusted EBITDA margin of 18.25% to 19.25%, and adjusted EPS in the range of $2.10 to $2.35. Cummins Inc. completed the divestiture of its ownership in Atmus in March 2024. Despite a slight increase in net sales, the company experienced higher manufacturing costs, lower volumes, and higher cash usage in operating activities compared to the previous year.

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Atmus Filtration Technologies Inc. (ATMU) to release first-quarter 2024 financial results on May 3, 2024. The company will host a conference call to discuss the results with investors.
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Atmus Filtration Technologies Inc. (NYSE: ATMU) expands its distribution capabilities with the inauguration of the Atmus Southern Distribution Center in Texas, enhancing supply chain efficiency. The facility covers 94,000 square feet and focuses on distributing Fleetguard products to various markets globally.
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Atmus Filtration Technologies Inc. (ATMU) appoints Diego Donoso and Stuart Taylor to its Board of Directors. Diego brings vast experience from Dow Inc. and GrafTech International , while Stuart has a background in creating and acquiring businesses. The appointments mark a crucial phase for Atmus as it aims for strategic growth.
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Atmus Filtration Technologies Inc. (ATMU) has officially separated from Cummins Inc., becoming an independent company. The CEO, Steph Disher, expressed optimism about the future, highlighting a clear strategy and a committed team.
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FAQ

What is the current stock price of Atmus Filtration Technologies (ATMU)?

The current stock price of Atmus Filtration Technologies (ATMU) is $42.98 as of November 20, 2024.

What is the market cap of Atmus Filtration Technologies (ATMU)?

The market cap of Atmus Filtration Technologies (ATMU) is approximately 3.6B.

What does Atmus Filtration Technologies Inc. do?

Atmus designs and manufactures advanced filtration products for on-highway and off-highway vehicles, under the Fleetguard brand.

Which industries does Atmus serve?

Atmus serves the automotive, agriculture, construction, mining, and power generation industries.

What are the main products of Atmus?

Atmus's main products include air filters, fuel filters, fuel water separators, lube filters, hydraulic filters, coolants, and fuel additives.

Does Atmus offer products for both first-fit and aftermarket applications?

Yes, Atmus provides filtration solutions for both first-fit and aftermarket applications.

What brand do most Atmus products fall under?

Most Atmus products are marketed under the Fleetguard brand.

Who are Atmus’s primary customers?

Atmus’s primary customers include original equipment manufacturers (OEMs), dealers, distributors, and end-users.

What recent advancements has Atmus made in its products?

Atmus has made advancements in filter technology to improve fuel efficiency and reduce environmental impact.

What is the relationship between Atmus and Cummins Inc.?

Atmus has a strategic partnership with Cummins Inc., leveraging their network and technological expertise to enhance product offerings.

How does Atmus contribute to sustainability?

Atmus contributes to sustainability by developing products that lower emissions and through eco-friendly manufacturing processes.

Where can I find the latest news about Atmus?

The latest news about Atmus Filtration Technologies Inc. can be found on StockTitan, providing updates on financial performance, products, and developments.

Atmus Filtration Technologies Inc.

NYSE:ATMU

ATMU Rankings

ATMU Stock Data

3.57B
82.63M
0.56%
102.51%
3.09%
Pollution & Treatment Controls
Motor Vehicle Parts & Accessories
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