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) delivers essential filtration systems for commercial vehicles and industrial equipment through its Fleetguard brand. This news hub provides investors and industry professionals with authoritative updates on the company's operational developments and market position.
Access real-time announcements including quarterly earnings, product innovations, and strategic partnerships. Our curated collection features official press releases about new filtration technologies, emissions control advancements, and expansions within key sectors like agriculture and construction.
Key updates cover critical areas such as OEM supply agreements, aftermarket distribution network growth, and engineering breakthroughs in hydraulic/lube filtration systems. Users can track developments impacting machinery longevity and environmental compliance across global markets.
Bookmark this page for streamlined access to verified information about ATMU's operational milestones. Check regularly for updates on industrial filtration trends directly affecting asset protection strategies and equipment maintenance practices.
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.
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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