Atmus Filtration Technologies Reports First Quarter 2024 Results [Yahoo! Finance]
Atmus Filtration Technologies Inc. (ATMU)
Company Research
Source: Yahoo! Finance
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 EBITDA margin of 18.8% 2024 Outlook The company is reaffirming guidance for year 2024 as follows: Revenue to be in the range of $1,610 million to $1,675 million Adjusted EBITDA margin to be in the range of 18.25 percent to 19.25 percent Adjusted earnings per share in the range of $2.10 to $2.35 On February 14, 2024, Cummins Inc. announced an exchange offer whereby Cummins shareholders could exchange all or a portion of Cummins common stock for shares of Atmus common stock owned by Cummins. The divestiture of Atmus shares by Cummins was completed on March 18, 2024 and resulted in the full separation of Atmus and divestiture of Cummins' entire ownership and voting interest in
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ATMU
News
- Atmus Filtration Technologies Inc. (NYSE: ATMU) had its price target lowered by analysts at Wells Fargo & Company from $37.00 to $36.00. They now have an "overweight" rating on the stock.MarketBeat
- Atmus Filtration Technologies Inc. (NYSE:ATMU) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Atmus Filtration Technologies (ATMU) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Atmus Filtration Technologies Reports First Quarter 2024 ResultsBusiness Wire
- Split-off gain masks some cracks in Cummins' financial armor [Yahoo! Finance]Yahoo! Finance
ATMU
Earnings
- 5/3/24 - Beat
ATMU
Sec Filings
- 5/17/24 - Form 8-K
- 5/16/24 - Form 4
- 5/16/24 - Form 4
- ATMU's page on the SEC website