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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.

News

Cummins Announces Final Results of Exchange Offer and Finalizes Separation of Atmus Filtration Technologies Inc.

Rhea-AI Summary
Cummins Inc. (NYSE: CMI) successfully completed an exchange offer, accepting 5,574,051 shares of Cummins common stock in exchange for 67,054,719 shares of Atmus Filtration Technologies Inc. common stock. The exchange offer was oversubscribed, resulting in a final proration factor of 6.99255200%. Shareholders who owned fewer than 100 shares of Cummins common stock were not subject to proration. Following the exchange, Cummins no longer holds any shares of Atmus common stock, aiming to bring value to both Cummins and Atmus shareholders.
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Cummins Announces Preliminary Results of Atmus Filtration Technologies Inc. Exchange Offer

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Cummins Inc. (CMI) announced an oversubscribed exchange offer where shareholders could swap their Cummins common stock for Atmus Filtration Technologies Inc. (ATMU) common stock. 12.0298 shares of Atmus will be exchanged for each Cummins share. Approximately 69,142,112 Cummins shares were tendered, with 5,574,050 shares accepted. Shareholders with fewer than 100 shares were not subject to proration. The final proration factor will be announced on March 18, 2024.
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Cummins Announces Final Exchange Ratio of 12.0298 in Split-Off of Atmus Filtration Technologies Inc.

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Cummins Inc. (NYSE: CMI) announces the final exchange ratio for its split-off exchange offer with Atmus Filtration Technologies Inc. Shareholders can exchange their Cummins shares for Atmus shares at a ratio of 12.0298 shares of Atmus for each Cummins share. Cummins expects to accept around 5,574,051 shares if fully subscribed.
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Atmus To File Form S-4 Registration Statement in Connection with Cummins Exchange Offer

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Atmus Filtration Technologies Inc. (ATMU) announced the filing of a Form S-4 Registration Statement with the SEC for an exchange offer by Cummins (CMI) to exchange up to 80.5% of Atmus common stock for Cummins common stock. If completed, Cummins will no longer be the controlling shareholder of Atmus, marking a significant transition for the company.
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Cummins Launches Exchange Offer for Separation of Atmus Filtration Technologies Inc.

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Cummins Inc. announces an exchange offer to fully split off its remaining interest in Atmus Filtration Technologies Inc., allowing Cummins shareholders to exchange their shares for Atmus common stock at a 7% discount. The separation aims to create value for both companies and shareholders, enabling Cummins to focus on strategic initiatives while Atmus expands into new markets.
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Atmus Filtration Technologies Reports Fourth Quarter and Full Year 2023 Results

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Atmus Filtration Technologies Inc. (ATMU) reports strong financial results for Q4 and full year 2023, with net sales of $400 million and $1,628 million respectively. The company achieved GAAP net income of $35 million for Q4 and $171 million for the full year. Adjusted earnings per share were $0.49 for Q4 and $2.31 for the full year, with an adjusted EBITDA margin of 17.9% for Q4 and 18.6% for the full year. Atmus expects revenue in 2024 to range from $1,610 million to $1,675 million, with adjusted EBITDA margin between 18.25% and 19.25%, and adjusted earnings per share from $2.10 to $2.35.
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Atmus Filtration Technologies to Announce Fourth Quarter and Full Year 2023 Results on February 14, 2024

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Atmus Filtration Technologies Inc. (ATMU) will report financial results for Q4 and full year 2023 on February 14, 2024. The company will hold a conference call to discuss the results with the investment community. A live webcast and replay of the call will be available on the Atmus investor relations website.
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Atmus Filtration Technologies inaugurates its World-Class Global Capability Center in India

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Atmus Filtration Technologies Inc. (Atmus; NYSE: ATMU) has inaugurated its state-of-the-art Global Capability Center in Pune, India. The center, spanning 16,000 square feet, aims to enhance collaboration and cross-functional learning while employing advanced analytics to develop cutting-edge filtration technologies. It will employ over 100 skilled professionals and support various global business functions. The establishment represents Atmus's commitment to fostering innovation and excellence in the filtration industry.
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Atmus Filtration Technologies Reports Third Quarter 2023 Results

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Atmus Filtration Technologies Inc. (NYSE: ATMU) reported its financial results for the third quarter of 2023. Key highlights include net sales of $396 million, GAAP net income of $38 million, and adjusted EBITDA of $73 million. The company also repaid the $50 million borrowed under the Revolving Credit Facility and now has full availability under the $400 million facility.
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Atmus Filtration Technologies to Announce Third Quarter 2023 Results November 3, 2023

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Atmus Filtration Technologies Inc. will report Q3 financial results on November 3, 2023, and hold a conference call at 10:00 AM CT. A webcast and replay will be available on the investor relations website.
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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 $39.25 as of December 20, 2024.

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

The market cap of Atmus Filtration Technologies (ATMU) is approximately 3.2B.

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.

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Atmus Filtration Technologies Inc.

NYSE:ATMU

ATMU Rankings

#1594 Ranked by Market Cap
#2015 Ranked by Dividends

ATMU Stock Data

3.24B
82.63M
0.56%
102.33%
2.89%
Pollution & Treatment Controls
Motor Vehicle Parts & Accessories
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