Atmus Filtration Technologies Reports Third Quarter 2024 Results
Atmus Filtration Technologies Inc. (ATMU)
Company Research
Source: Business Wire
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 third quarter that ended September 30, 2024.Third Quarter HighlightsNet sales of $404 millionGAAP net income of $44 millionDiluted earnings per share of $0.52Adjusted earnings per share of $0.61Adjusted EBITDA of $79 million and adjusted EBITDA margin of 19.6%Cash provided by operating activities was $71 millionAdjusted free cash flow was $65 million2024 OutlookThe company is raising guidance for year 2024 as follows:Revenue to be in the range of $1,650 million to $1,675 millionAdjusted EBITDA margin to be in the range of 19.25 percent to 19.75 percentAdjusted earnings per share in the range of $2.35 to $2.50During the quarter, Atmus repurchased $10 million of common stock under the $150 million share repurchase program authorized by the Board of Directors in July 2024. As of September 30, 2024, $140
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ATMU
News
- Atmus Filtration Technologies (NYSE:ATMU) Is Posting Promising Earnings But The Good News Doesn't Stop There [Yahoo! Finance]Yahoo! Finance
- Atmus Filtration Technologies Inc. (NYSE: ATMU) had its price target raised by analysts at Northland Securities from $49.00 to $50.00. They now have an "outperform" rating on the stock.MarketBeat
- Atmus Filtration Technologies Inc. (NYSE: ATMU) had its price target raised by analysts at Robert W. Baird from $42.00 to $48.00. They now have an "outperform" rating on the stock.MarketBeat
- Atmus Filtration Technologies Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions [Yahoo! Finance]Yahoo! Finance
- Atmus Filtration Technologies Inc. (NYSE: ATMU) was downgraded by analysts at Wells Fargo & Company from an "overweight" rating to an "equal weight" rating. They now have a $45.00 price target on the stock, up previously from $42.00.MarketBeat
ATMU
Earnings
- 11/8/24 - Beat
ATMU
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form 10-Q
- 11/8/24 - Form 8-K
- ATMU's page on the SEC website