Atmus Filtration Technologies Inc.

Description

Atmus Filtration Technologies Inc. designs, manufactures, and sells filtration products under the Fleetguard brand name in North America, Europe, South America, Asia, Australia, Africa, and internationally. The company offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, coolants, and fuel additives, as well as other chemicals; and fuel water separators and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users. Its products are used in on-highway commercial vehicles and off-highway agriculture, construction, mining, and power generation vehicles and equipment. The company was founded in 1958 and is headquartered in Nashville, Tennessee.

About

CEO
Ms. Stephanie Juanita Disher
Employees
4,500
Instrument type
Common Stock
Sector
Industrials
Industry
Pollution & Treatment Controls
MIC code
XNYS
Address
26 Century Boulevard, Nashville, TN 37214, United States
Phone
615 514 7339
Website
Chart Image
× Enlarged Chart
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Earnings

Date Estimate EPS Actual EPS Difference % Surprise
Feb 21, 2025 0.49
Nov 8, 2024 0.50 0.61 0.11 22.00%
Aug 2, 2024 0.55 0.67 0.12 21.82%
May 3, 2024 0.55 0.54 -0.01 -1.82%
Feb 14, 2024 0.40 0.42 0.02 5.00%

Earnings estimate

Next Quarter
(Mar 2025)
Next Year
(Dec 2025)
Number of analysts 5 6
Average estimate 0.63 2.51
Low estimate 0.60 2.41
High estimate 0.70 2.58
Last year EPS 0.60 2.45
[stock_revenue_estimate]

Growth estimates

Current qtr
7.210%
Next qtr. (Mar 2025)
5.000%
Current year
5.870%
Next year (Dec 2025)
2.800%
Next 5 years (per annum)
Past 5 years (per annum)

Analyst Ratings

Date Firm Action Rating Price Target
Jan 7, 2025
Wells Fargo
Joseph O'Dea
Maintains Equal-Weight ▼ Lowers $45 → $40
Nov 12, 2024
Baird
Robert Mason
Maintains Outperform ▲ Raises $42 → $48
Nov 12, 2024
Northland Capital Markets
Bobby Brooks
Maintains Outperform ▲ Raises $49 → $50
Nov 11, 2024
Wells Fargo
Joseph O'Dea
Downgrade Equal-Weight ▲ Raises $42 → $45
Oct 16, 2024
Baird
Robert Mason
Maintains Outperform ▲ Raises $37 → $42
Oct 15, 2024
Northland Capital Markets
Bobby Brooks
Maintains Outperform ▲ Raises $38 → $49
Oct 11, 2024
JP Morgan
Tami Zakaria
Maintains Overweight ▲ Raises $39 → $47
Oct 7, 2024
Wells Fargo
Joseph O'Dea
Maintains Overweight ▲ Raises $36 → $42
Aug 5, 2024
Baird
Robert Mason
Maintains Outperform ▲ Raises $36 → $37
Jul 19, 2024
Baird
Robert Mason
Maintains Outperform ▼ Lowers $37 → $36
May 6, 2024
Wells Fargo
Joseph O'Dea
Maintains Overweight ▼ Lowers $37 → $36
Apr 17, 2024
Baird
Robert Mason
Maintains Outperform ▲ Raises $29 → $37
Apr 16, 2024
Goldman Sachs
Jerry Revich
Maintains Buy ▲ Raises $30 → $34
Apr 15, 2024
JP Morgan
Tami Zakaria
Maintains Overweight ▲ Raises $36 → $38
Mar 25, 2024
JP Morgan
Tami Zakaria
Maintains Overweight ▲ Raises $27 → $36
Mar 20, 2024
Northland Capital Markets
Bobby Brooks
Upgrade Outperform Announces $34
Feb 15, 2024
Baird
Robert Mason
Maintains Outperform ▲ Raises $28 → $29
Dec 19, 2023
Wells Fargo
Joseph O'Dea
Maintains Overweight ▲ Raises $24 → $28
Oct 16, 2023
JP Morgan
Tami Zakaria
Maintains Overweight ▼ Lowers $29 → $27
Aug 10, 2023
Wells Fargo
Joseph O'Dea
Maintains Overweight ▲ Raises $24 → $26
Aug 10, 2023
JP Morgan
Tami Zakaria
Maintains Overweight ▲ Raises $28 → $29
Jun 20, 2023
Goldman Sachs
Jerry Revich
Initiates Buy Announces $30
Jun 20, 2023
Wells Fargo
Joseph O'Dea
Initiates Overweight Announces $24
Jun 20, 2023
Baird
Robert Mason
Initiates Outperform Announces $24
Jun 20, 2023
B of A Securities
Andrew Obin
Initiates Buy Announces $25
Jun 20, 2023
JP Morgan
Tami Zakaria
Initiates Overweight Announces $28

Income statement

2023 2022 2021 2020
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Total reported revenue 1.63B 1.56B 1.44B 1.23B
Cost of revenue 1.20B 1.20B 1.09B 923.20M
Gross profit 432.70M 359.20M 349.30M 309.40M
Operating expense
Research & development 42.50M 38.60M 42.00M 39.00M
Selling general and admin 174.70M 139.70M 126.20M 112.10M
Other operating expenses 700,000 5.00M
Operating income 214.80M 175.90M 181.10M 158.30M
Non operating interest income
Income
Expense 25.80M 700,000 800,000 400,000
Other income expense 37.40M 36.80M 36.30M 42.70M
Pretax income 226.40M 212.00M 216.60M 200.60M
Tax provision 55.10M 41.60M 46.50M 57.80M
Net income 171.30M 170.40M 170.10M 142.80M
Basic EPS 2.06 2.05 2.04 1.71
Diluted EPS 2.05 2.05 2.04 1.71
Basic average shares 83.30M 83.30M 83.30M 83.30M
Diluted average shares 83.30M 83.30M 83.30M 83.30M
EBITDA 273.70M 234.30M 239.00M 222.10M
Net income from continuing op. 171.30M 170.40M 170.10M 142.80M
Minority interests
Preferred stock dividends

Balance sheet

2023 2022 2021
Fiscal date 2023-12-31 2022-12-31 2021-12-31
Total assets 1.09B 867.40M 848.30M
Current assets
Cash
Cash equivalents
Cash and cash equivalents 168.00M
Other short term investments
Accounts receivable 184.50M 174.20M 161.90M
Other receivables
Inventory 250.00M 245.00M 245.80M
Prepaid assets 19.30M 13.60M
Restricted cash
Assets held for sale
Hedging assets
Other current assets 28.20M 19.30M 13.60M
Non current assets
Properties 69.90M 68.70M 67.10M
Land and improvements 68.70M 67.10M
Machinery furniture equipment 320.80M 304.10M 301.70M
Construction in progress 57.30M 35.40M 25.60M
Leases
Accumulated depreciation -273.40M -259.80M -253.30M
Goodwill 169.40M 169.40M 169.40M
Investment properties
Financial assets
Intangible assets
Investments and advances 84.80M 77.00M 87.00M
Other non current assets 51.50M 57.00M 53.40M
Total liabilities 1.01B 411.80M 411.10M
Current liabilities
Accounts payable 174.20M 145.90M 140.10M
Accrued expenses 58.70M 62.00M 49.10M
Short term debt 14.90M 9.40M 9.80M
Deferred revenue
Tax payable 23.00M 13.50M 14.10M
Pensions 41.80M 18.20M 28.80M
Other current liabilities
Non current liabilities
Long term debt 611.00M 23.20M
Provision for risks and charges 200,000 29.80M
Deferred liabilities 1.40M 7.30M
Derivative product liabilities
Other non current liabilities 11.70M 10.90M 79.00M
Shareholders equity
Common stock 478.80M
Retained earnings 87.20M
Other shareholders equity -56.20M -55.80M -41.60M
Total shareholders equity 80.70M 455.60M 437.20M
Additional paid in capital 49.70M
Treasury stock
Minority interest

Cash flow statement

2023202220212020
Operating Activities
Net Income171.30M170.40M170.10M142.80M
Depreciation21.50M21.60M21.60M21.10M
Deferred Taxes-10.00M-12.70M-2.70M3.40M
Stock-Based Compensation
Other Non-Cash Items6.90M8.40M-1.00M6.80M
Accounts Receivable-10.10M-18.30M-7.80M-11.90M
Accounts Payable24.10M12.60M20.50M21.50M
Other Assets & Liabilities-4.00M-15.40M-40.10M43.00M
Operating Cash Flow199.70M166.60M160.60M226.70M
Investing Activities
Capital Expenditures
Net Intangibles-900,000-1.10M-1.00M
Net Acquisitions
Purchase of Investments
Sale of Investments
Investing Cash Flow
Financing Activities
Long-Term Debt Issuance650.00M
Long-Term Debt Payments-50.00M
Other Financing Charges4.30M-143.60M-170.40M-186.60M
Financing Cash Flow24.80M-415.40M-517.30M-373.20M
Other Cash Details
End Cash Position168.00M
Income Tax Paid
Interest Paid
Free Cash Flow143.20M128.20M176.50M186.60M
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Atmus Filtration Technologies to Announce Fourth Quarter and Full Year 2024 Results on February 21, 2025 Article
Atmus Filtration Technologies to Announce Fourth Quarter and Full Year 2024 Results on February 21, 2025
NASHVILLE, Tenn.--(BUSINESS WIRE)--Atmus Filtration Technologies Inc. (Atmus; NYSE: ATMU), a global leader in the filtration industry, announced today that it will report financial results for the fourth quarter and full year 2024 before market open on Friday, February 21, 2025. The company will also hold a conference call on the same day at 10:00 AM CT to discuss its financial results with the investment community. A live webcast and replay of the conference call can be accessed from the Atmus.
Business Wire Neutral
Jan 29, 2025
Atmus Filtration: Strong Fundamentals Amid Market Challenges Article
Atmus Filtration: Strong Fundamentals Amid Market Challenges
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.
Seeking Alpha Neutral
Jan 22, 2025
Atmus Launches Advanced NanoNet® N3 Filter Media Technology Article
Atmus Launches Advanced NanoNet® N3 Filter Media Technology
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.
Business Wire Neutral
Jan 16, 2025
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