Atmus Filtration Technologies (ATMU) Q2 Earnings and Revenues Top Estimates

Company Performance - Atmus Filtration Technologies (ATMU) reported quarterly earnings of $0.71 per share, exceeding the Zacks Consensus Estimate of $0.58 per share, and up from $0.63 per share a year ago, representing an earnings surprise of 22.41% [1] - The company achieved revenues of $432.6 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 3.72% and increasing from $413.6 million year-over-year [1] - Over the last four quarters, Atmus Filtration has consistently surpassed consensus EPS and revenue estimates [1] Stock Performance - Atmus Filtration shares have increased approximately 27.6% since the beginning of the year, outperforming the S&P 500's gain of 14.2% [2] - The current consensus EPS estimate for the upcoming quarter is $0.54 on revenues of $402.06 million, and for the current fiscal year, it is $2.26 on revenues of $1.65 billion [4] Industry Outlook - The Pollution Control industry, to which Atmus Filtration belongs, is currently ranked in the top 40% of over 250 Zacks industries, indicating a favorable outlook [5] - Another company in the same industry, Vertex Energy (VTNR), is expected to report a quarterly loss of $0.14 per share, reflecting a year-over-year change of +74.6% [5]