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
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Summary
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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
| 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | 171.30M | 170.40M | 170.10M | 142.80M |
| Depreciation | 21.50M | 21.60M | 21.60M | 21.10M |
| Deferred Taxes | -10.00M | -12.70M | -2.70M | 3.40M |
| Stock-Based Compensation | — | — | — | — |
| Other Non-Cash Items | 6.90M | 8.40M | -1.00M | 6.80M |
| Accounts Receivable | -10.10M | -18.30M | -7.80M | -11.90M |
| Accounts Payable | 24.10M | 12.60M | 20.50M | 21.50M |
| Other Assets & Liabilities | -4.00M | -15.40M | -40.10M | 43.00M |
| Operating Cash Flow | 199.70M | 166.60M | 160.60M | 226.70M |
| 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 Issuance | 650.00M | — | — | — |
| Long-Term Debt Payments | -50.00M | — | — | — |
| Other Financing Charges | 4.30M | -143.60M | -170.40M | -186.60M |
| Financing Cash Flow | 24.80M | -415.40M | -517.30M | -373.20M |
| Other Cash Details | ||||
| End Cash Position | 168.00M | — | — | — |
| Income Tax Paid | — | — | — | — |
| Interest Paid | — | — | — | — |
| Free Cash Flow | 143.20M | 128.20M | 176.50M | 186.60M |
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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.
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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.
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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.
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