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Atmus Filtration Technologies (ATMU) - 2024 Q1 - Quarterly Report
2024-05-03 16:07
Table of Contents ___________________________ Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.0001 par value ATMU New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ___________________________ (Mark One) xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITI ...
Atmus Filtration Technologies (ATMU) - 2024 Q1 - Quarterly Results
2024-05-03 10:48
EXHIBIT 99.1 May 3, 2024 Atmus Filtration Technologies Reports First Quarter 2024 Results NASHVILLE, Tenn. – Atmus Filtration Technologies Inc. (Atmus; NYSE: ATMU), a global leader in filtration and media solutions, today reported financial results for its first quarter that ended March 31, 2024. First Quarter Highlights • Net sales of $427 million • GAAP net income of $46 million • Diluted earnings per share of $0.54 • Adjusted earnings per share of $0.60 • Adjusted EBITDA of $80 million and adjusted EBITD ...
Is a Beat in Store for Atmus Filtration (ATMU) in Q1 Earnings?
Zacks Investment Research· 2024-05-01 12:41
Atmus Filtration Technologies Inc. (ATMU) is scheduled to release first-quarter 2024 results on May 03, before market open.The company’s earnings surpassed the Zacks Consensus Estimate in each of the last three quarters, the average surprise being 20.3%. In the last reported quarter, its earnings of 49 cents per share beat the Zacks Consensus Estimate of 43 cents by 14%.Let’s see how things have shaped up for Atmus Filtration this earnings season.Key FactorsThe company’s four-pillar growth strategy, which f ...
Has Atmus Filtration Technologies Inc. (ATMU) Outpaced Other Industrial Products Stocks This Year?
Zacks Investment Research· 2024-04-15 14:46
Group 1 - Atmus Filtration Technologies (ATMU) is currently ranked 3 in the Zacks Sector Rank for Industrial Products, which includes 222 companies [1] - The Zacks Rank for ATMU is 1 (Strong Buy), indicating a positive outlook based on earnings estimates and revisions [1] - The Zacks Consensus Estimate for ATMU's full-year earnings has increased by 9.6% in the past quarter, reflecting improved analyst sentiment [2] Group 2 - ATMU has gained approximately 36.1% year-to-date, significantly outperforming the average return of 9.1% for Industrial Products companies [2] - Kaiser Aluminum (KALU), another stock in the Industrial Products sector, has a year-to-date return of 25.2% and also holds a Zacks Rank of 1 (Strong Buy) [2] - Atmus Filtration Technologies belongs to the Pollution Control industry, which is ranked 90 in the Zacks Industry Rank, with stocks in this group gaining about 13.4% year-to-date [3] Group 3 - Kaiser Aluminum is part of the Metal Products - Procurement and Fabrication industry, currently ranked 189, with an industry gain of 10.6% year-to-date [3] - Both Atmus Filtration Technologies and Kaiser Aluminum are highlighted as strong performers in the Industrial Products sector [3]
Atmus Filtration Technologies (ATMU) Advances While Market Declines: Some Information for Investors
Zacks Investment Research· 2024-04-10 23:21
Company Overview - Atmus Filtration Technologies (ATMU) closed at $32.35, reflecting a +0.09% change from the previous day, outperforming the S&P 500's decline of 0.95% [1] - Over the past month, shares of Atmus Filtration Technologies have increased by 27.4%, significantly surpassing the Industrial Products sector's gain of 4.45% and the S&P 500's gain of 1.78% [1] Financial Performance - The Zacks Consensus Estimates project earnings of $2.23 per share and revenue of $1.65 billion for the annual period, indicating changes of -3.46% and +1.26% respectively from the previous year [1] - Recent analyst forecast revisions are crucial as they reflect the changing dynamics of short-term business patterns, with positive revisions indicating optimism regarding the company's profitability [2] Valuation Metrics - Atmus Filtration Technologies has a Zacks Rank of 1 (Strong Buy), with an average annual return of +25% for stocks rated 1 since 1988 [3] - The company is currently trading at a Forward P/E ratio of 14.49, which is a discount compared to the industry's average Forward P/E of 28.85 [3] - The PEG ratio for Atmus Filtration Technologies is 4, compared to the Pollution Control industry's average PEG ratio of 3.09 [3] Industry Context - The Pollution Control industry, part of the Industrial Products sector, holds a Zacks Industry Rank of 80, placing it in the top 32% of over 250 industries [4] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]
3 Buy-Rated Stocks Flexing Relative Strength
Zacks Investment Research· 2024-04-10 20:31
Several stand-out stocks displaying relative strength have emerged over the last month, including Exact Sciences (EXAS) , Kaiser Aluminum (KALU) , and Atmus Filtration Technologies (ATMU) .Relative strength focuses on stocks that have performed at a higher level relative to the market or another relevant benchmark. By targeting stocks displaying this bullish price action, investors can find themselves in positive market trends where buyers are in control.Below is a chart illustrating the performance of each ...
Atmus Filtration (ATMU) is on the Move, Here's Why the Trend Could be Sustainable
Zacks Investment Research· 2024-04-08 13:50
When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate rev ...
3 Stocks to Buy From the Thriving Pollution Control Industry
Zacks Investment Research· 2024-04-04 13:51
The Zacks Pollution Control industry’s growth is poised to benefit from strong demand for air pollution abatement products, thanks to rising greenhouse gas emissions and growing awareness among the masses regarding health-related risks. Strict laws and emission standards implemented by countries worldwide should continue to drive demand for industry participants.However, increased adoption of renewable sources of energy with rising preference for alternative fuels and electric vehicles have marred the outlo ...
Are Industrial Products Stocks Lagging Atmus Filtration Technologies Inc. (ATMU) This Year?
Zacks Investment Research· 2024-03-29 14:46
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Atmus Filtration Technologies (ATMU) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.Atmus Filtration Technologies is one of 226 individual stocks in the Industrial Products sector. Collectively, these companies sit at # ...
Recent Price Trend in Atmus Filtration (ATMU) is Your Friend, Here's Why
Zacks Investment Research· 2024-03-21 13:51
When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate rev ...