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Atmus Filtration Technologies Inc (ATMU) Q3 2024 Earnings Call Highlights: Navigating Growth ... [Yahoo! Finance]

Atmus Filtration Technologies Inc. (ATMU) 
Company Research Source: Yahoo! Finance
Atmus Filtration Technologies Inc ( NYSE:ATMU ) reported a 2% increase in sales for Q3 2024, reaching $404 million compared to $396 million in the same period last year. The company achieved an adjusted EBITDA of $79 million, representing a margin of 19.6%, up from 18.3% in the prior period. Atmus Filtration Technologies Inc ( NYSE:ATMU ) has made significant progress in transitioning from Cummins, with 80% of the transition complete and an expectation to reach 90% by the end of the year. The company is focused on growth in both its core business and expansion into industrial filtration, with plans for inorganic acquisitions in industrial air, liquids, and water. Atmus Filtration Technologies Inc ( NYSE:ATMU ) has implemented advanced digital analytic tools to identify cross-sell and upsell opportunities, enhancing its aftermarket growth strategy. The aftermarket segment continues to experience softness, with a decline in freight activity and no signs of a positive inflecti Show less Read more
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