ATMU Stock Recent News

Atmus Filtration Technologies, a leader in filtration products, has shown strong market performance and resilience despite macroeconomic challenges, with a 63% stock price increase over the past year. The company's Q3 earnings report highlighted a modest sales increase, improved EBITDA margins, and potential red flags related to reduced R&D spending, which could impact long-term innovation. Atmus is focusing on cost controls, expanding its distribution network, and exploring inorganic growth opportunities, including potential acquisitions to diversify and strengthen its market position.

NASHVILLE, Tenn.--(BUSINESS WIRE)--Atmus Filtration Technologies Inc. (Atmus; NYSE: ATMU) (“Atmus”), a global leader in filtration and media solutions, today reported its latest technology advancement with the launch of NanoNet N3 filtration technology. Manufactured in-house, this unique gradient mesh structure media features an increased particle retention capability and higher capacity design to provide superior asset protection and a longer product life. NanoNet N3 media delivers far greater.

Here is how Atmus Filtration Technologies (ATMU) and Dover Corporation (DOV) have performed compared to their sector so far this year.

Here is how Atmus Filtration Technologies (ATMU) and Ball (BALL) have performed compared to their sector so far this year.

Atmus Filtration Technologies (ATMU) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, ATMU broke through the 20-day moving average, which suggests a short-term bullish trend.

Here is how Atmus Filtration Technologies (ATMU) and Ball (BALL) have performed compared to their sector so far this year.

Atmus Filtration Technologies Inc. (NYSE:ATMU ) Q2 2024 Earnings Conference Call August 2, 2024 11:00 AM ET Company Participants Todd Chirillo - Executive Director, IR Steph Disher - Chief Executive Officer Jack Kienzler - Chief Financial Officer Conference Call Participants Joe O'Dea - Wells Fargo Tami Zakaria - JPMorgan Rob Mason - Baird David Ridley-Lane - Bank of America Jerry Revich - Goldman Sachs Bobby Brooks - Northland Capital Operator Thank you for standing by. And at this time, I would like to welcome everyone to today's Atmus Filtration Technologies Second Quarter 2024 Earnings Call.

Atmus Filtration Technologies (ATMU) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.63 per share a year ago.

NASHVILLE, Tenn.--(BUSINESS WIRE)--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 EBITDA margin of 21.4% Cash provided by operating activities was $23 millio.

Atmus Filtration (ATMU) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.