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Atmus Filtration Technologies Inc. (NYSE: ATMU) is a global leader in the design, manufacture, and sale of advanced filtration solutions, catering to a diverse range of industries including transportation, agriculture, construction, mining, and power generation. With a legacy rooted in innovation and environmental stewardship, Atmus develops products that enable lower emissions and enhance the longevity and performance of critical equipment.
Core Business Areas
Atmus specializes in providing filtration products under its flagship Fleetguard brand. Its product portfolio includes:
- Air Filters: Designed to protect engines by removing harmful particulates from the air intake system.
- Fuel Filters and Fuel Water Separators: Engineered to ensure clean fuel delivery, preventing contaminants from damaging fuel systems.
- Lube Filters: Essential for maintaining engine lubrication and minimizing wear and tear.
- Hydraulic Filters: Critical for maintaining the performance and reliability of hydraulic systems.
- Coolants and Fuel Additives: Chemical solutions that enhance engine efficiency and durability.
These products serve both first-fit applications (installed during the manufacturing process of vehicles and equipment) and the aftermarket (replacement parts and maintenance solutions for end-users).
Market Position and Differentiation
Operating at the intersection of technology and sustainability, Atmus is uniquely positioned to address the growing demand for cleaner, more efficient filtration systems. Its products are integral to meeting stringent emissions regulations across industries, making the company a critical partner for OEMs and end-users alike. The Fleetguard brand is widely recognized for its reliability and performance, offering a competitive advantage in a crowded marketplace.
Atmus leverages its global manufacturing footprint and robust distribution network to serve customers in over 150 countries. Its strong relationships with OEMs, dealers, and distributors ensure seamless delivery of high-quality filtration solutions, reinforcing its reputation as a trusted industry partner.
Revenue Streams
The company's revenue model is diversified across two primary channels:
- First-Fit Sales: Supplying filtration products directly to OEMs for integration into new vehicles and equipment.
- Aftermarket Sales: Providing replacement filters and maintenance products to distributors, dealers, and end-users.
This dual-channel approach not only stabilizes revenue but also positions Atmus to capture long-term value throughout the lifecycle of its products.
Industry Context and Challenges
Atmus operates within a highly competitive and regulated industry. The increasing focus on environmental sustainability and emissions reduction presents both opportunities and challenges. While regulatory compliance drives demand for advanced filtration solutions, it also requires continuous innovation and investment in research and development. Additionally, the company must navigate the cyclical nature of its target industries, balancing short-term market fluctuations with long-term growth strategies.
Commitment to Innovation
Innovation is at the heart of Atmus's operations. The company invests heavily in R&D to develop cutting-edge filtration technologies that meet evolving customer needs and regulatory requirements. Its solutions not only enhance equipment performance but also contribute to global efforts to reduce environmental impact, solidifying its role as a leader in sustainable industrial solutions.
Conclusion
Atmus Filtration Technologies Inc. is a pivotal player in the global filtration industry, offering essential products that drive efficiency, sustainability, and reliability across multiple sectors. With its strong brand presence, diversified revenue streams, and commitment to innovation, the company is well-positioned to address the challenges and opportunities of a rapidly evolving market.
Atmus Filtration Technologies (NYSE: ATMU) reported strong financial results for Q4 and full year 2024. The company achieved Q4 net sales of $407 million (up 1.8% YoY) and full-year sales of $1,670 million (up 2.5% YoY). Q4 net income reached $40 million with diluted EPS of $0.48, while adjusted EPS was $0.58.
For the full year 2024, net income was $186 million with diluted EPS of $2.22 and adjusted EPS of $2.50. The company's Adjusted EBITDA for Q4 was $78 million with a 19.1% margin, while full-year Adjusted EBITDA reached $330 million with a 19.7% margin.
Looking ahead to 2025, Atmus projects revenue between $1,670-$1,735 million, Adjusted EBITDA margin of 19.0-20.0%, and adjusted EPS of $2.35-$2.60. The company also continued its shareholder returns through a $10 million stock repurchase and quarterly dividend of $0.05 per share.
IDEX (NYSE: IEX) has announced significant changes to its Board of Directors. The company has appointed Stephanie Disher, CEO of Atmus Filtration Technologies, and Matthijs Glastra, Chair and CEO of Novanta Inc., to its Board, effective February 21, 2025. These appointments will increase the Board size from 10 to 12 directors.
Disher will serve on the Nominating and Corporate Governance Committee, while Glastra joins the Audit Committee. Both bring extensive global leadership experience - Disher in finance and operations from her roles at Atmus, Cummins, and BP, and Glastra in international operations, innovation, M&A, and strategy from Novanta and Philips.
Additionally, David Parry and Livingston Satterthwaite will retire from the Board following the 2025 Annual Meeting of Stockholders and will not seek re-election.
Atmus Filtration Technologies (NYSE: ATMU) has announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per common share. The dividend will be payable on March 19, 2025, to shareholders of record at the close of business on March 4, 2025.
Atmus Filtration Technologies (NYSE: ATMU), a global filtration industry leader, has scheduled its fourth quarter and full year 2024 financial results announcement for February 21, 2025, before market open. The company will host a conference call at 10:00 AM CT on the same day to discuss the results with investors. Both a live webcast and replay will be available through the company's investor relations website at investors.atmus.com.
Atmus Filtration Technologies (NYSE: ATMU) has announced the launch of its advanced NanoNet N3 filtration technology. This new technology features an enhanced gradient mesh structure media with improved particle retention and higher capacity design, offering superior asset protection and extended product life.
The NanoNet N3 media combines microfibers and nanofibers into a single polymeric web, delivering greater contaminant holding capability. This allows Atmus to optimize filter sizes, increase service intervals, or both, providing customizable solutions for OEMs and end users. The technology also aligns with environmental goals by reducing raw material usage and energy consumption in manufacturing.
Fleetguard®, Atmus' leading product brand, will begin offering filters using NanoNet N3 technology in early 2025. The technology represents an advancement in the company's nanofiber technology portfolio, designed to address the increasing variety of fuels and contaminants in internal combustion powered equipment.
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.
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.
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.
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.
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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