Atmus Filtration Technologies (ATMU)

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Atmus Filtration Technologies (ATMU) - 2024 Q2 - Quarterly Results
2024-08-02 10:47
EXHIBIT 99.1 August 2, 2024 Atmus Filtration Technologies Reports Second 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 second quarter that ended June 30, 2024. Second Quarter Highlights • Net sales of $433 million • GAAP net income of $56 million • Diluted earnings per share of $0.67 • Adjusted earnings per share of $0.71 • Adjusted EBITDA of $93 million and adjusted ...
3 Pollution Control Stocks to Watch Despite Industry Headwinds
ZACKS· 2024-06-26 14:56
Increased adoption of renewable sources of energy with rising preference for alternative fuels, the growing popularity of electric vehicles and high costs related to frequent product upgrades have marred the outlook of the Zacks Pollution Control industry. The shortage of skilled labor in the United States is another concern for the industry participants.However, the industry is benefiting from growing health-related concerns and efforts to adhere to pollution-related national and international norms. Tetra ...
Take the Zacks Approach to Beat the Markets: Goldman Sachs, Rush Street Interactive, Atmus Filtration Technologies in Focus
zacks.com· 2024-05-20 13:16
Last week, major U.S. indexes, the S&P 500, the Nasdaq Composite and the Dow Jones Industrial Average, gained marginally by 1.6%, 1.8% and 1.4%, respectively. Investors are concerned about the lack of timeline from the central bank regarding interest rate cut initiation amid sticky inflation and a fairly tight labor market.On May 15, the Bureau of Labor Statistics reported that the Consumer Price Index (CPI) for the month of April increased 0.3%, coming in below the consensus estimate of 0.4%. The year-over ...
Atmus Filtration Technologies (ATMU) - 2024 Q1 - Earnings Call Presentation
2024-05-03 21:30
First Quarter 2024 Earnings Call May 3, 2024 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, including, without limitation, those that are based on current expectations, estimates and projections about the industries in which we operate and management’s views, plans, objectives, projections, beliefs and assumptions. Forward-looking statements may be identif ...
Atmus Filtration Technologies (ATMU) - 2024 Q1 - Earnings Call Transcript
2024-05-03 21:30
Atmus Filtration Technologies Inc. (NYSE:ATMU) Q1 2024 Earnings Conference Call May 3, 2024 11:00 AM ET Company Participants Todd Chirillo - Executive Director, IR Steph Disher - CEO Jack Kienzler - CFO Conference Call Participants Tami Zakaria - JPMorgan Rob Mason - Baird Jerry Revich - Goldman Sachs Joe O'Dea - Wells Fargo Bobby Brooks - Northland Capital Markets David Ridley-Lane - Bank of America Operator Hello, and thank you for standing by. At this time, I would like to welcome everyone to Atmus Filtr ...
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]