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Atmus Filtration Technologies Inc - ATMU STOCK NEWS

Welcome to our dedicated news page for Atmus Filtration Technologies (Ticker: ATMU), a resource for investors and traders seeking the latest updates and insights on Atmus Filtration Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Atmus Filtration Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Atmus Filtration Technologies's position in the market.

News
Atmus Filtration Technologies to Announce First Quarter 2024 Results on May 3, 2024
Rhea-AI Summary
Atmus Filtration Technologies Inc. (ATMU) to release first-quarter 2024 financial results on May 3, 2024. The company will host a conference call to discuss the results with investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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earnings
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News
Atmus Filtration Technologies Inaugurates New Distribution Center
Rhea-AI Summary
Atmus Filtration Technologies Inc. (NYSE: ATMU) expands its distribution capabilities with the inauguration of the Atmus Southern Distribution Center in Texas, enhancing supply chain efficiency. The facility covers 94,000 square feet and focuses on distributing Fleetguard products to various markets globally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.03%
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none
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News
Atmus Filtration Technologies appoints Diego Donoso and Stuart A Taylor II to its Board of Directors
Rhea-AI Summary
Atmus Filtration Technologies Inc. (ATMU) appoints Diego Donoso and Stuart Taylor to its Board of Directors. Diego brings vast experience from Dow Inc. and GrafTech International , while Stuart has a background in creating and acquiring businesses. The appointments mark a crucial phase for Atmus as it aims for strategic growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.09%
Tags
management
News
Atmus Becomes a Fully Independent Company Following Final Separation from Cummins
Rhea-AI Summary
Atmus Filtration Technologies Inc. (ATMU) has officially separated from Cummins Inc., becoming an independent company. The CEO, Steph Disher, expressed optimism about the future, highlighting a clear strategy and a committed team.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.72%
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none
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News
Cummins Announces Final Results of Exchange Offer and Finalizes Separation of Atmus Filtration Technologies Inc.
Rhea-AI Summary
Cummins Inc. (NYSE: CMI) successfully completed an exchange offer, accepting 5,574,051 shares of Cummins common stock in exchange for 67,054,719 shares of Atmus Filtration Technologies Inc. common stock. The exchange offer was oversubscribed, resulting in a final proration factor of 6.99255200%. Shareholders who owned fewer than 100 shares of Cummins common stock were not subject to proration. Following the exchange, Cummins no longer holds any shares of Atmus common stock, aiming to bring value to both Cummins and Atmus shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.72%
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none
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News
Cummins Announces Preliminary Results of Atmus Filtration Technologies Inc. Exchange Offer
Rhea-AI Summary
Cummins Inc. (CMI) announced an oversubscribed exchange offer where shareholders could swap their Cummins common stock for Atmus Filtration Technologies Inc. (ATMU) common stock. 12.0298 shares of Atmus will be exchanged for each Cummins share. Approximately 69,142,112 Cummins shares were tendered, with 5,574,050 shares accepted. Shareholders with fewer than 100 shares were not subject to proration. The final proration factor will be announced on March 18, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.07%
Tags
none
News
Cummins Announces Final Exchange Ratio of 12.0298 in Split-Off of Atmus Filtration Technologies Inc.
Rhea-AI Summary
Cummins Inc. (NYSE: CMI) announces the final exchange ratio for its split-off exchange offer with Atmus Filtration Technologies Inc. Shareholders can exchange their Cummins shares for Atmus shares at a ratio of 12.0298 shares of Atmus for each Cummins share. Cummins expects to accept around 5,574,051 shares if fully subscribed.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.3%
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none
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News
Atmus To File Form S-4 Registration Statement in Connection with Cummins Exchange Offer
Rhea-AI Summary
Atmus Filtration Technologies Inc. (ATMU) announced the filing of a Form S-4 Registration Statement with the SEC for an exchange offer by Cummins (CMI) to exchange up to 80.5% of Atmus common stock for Cummins common stock. If completed, Cummins will no longer be the controlling shareholder of Atmus, marking a significant transition for the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.3%
Tags
none
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News
Cummins Launches Exchange Offer for Separation of Atmus Filtration Technologies Inc.
Rhea-AI Summary
Cummins Inc. announces an exchange offer to fully split off its remaining interest in Atmus Filtration Technologies Inc., allowing Cummins shareholders to exchange their shares for Atmus common stock at a 7% discount. The separation aims to create value for both companies and shareholders, enabling Cummins to focus on strategic initiatives while Atmus expands into new markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.3%
Tags
none
News
Atmus Filtration Technologies Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Atmus Filtration Technologies Inc. (ATMU) reports strong financial results for Q4 and full year 2023, with net sales of $400 million and $1,628 million respectively. The company achieved GAAP net income of $35 million for Q4 and $171 million for the full year. Adjusted earnings per share were $0.49 for Q4 and $2.31 for the full year, with an adjusted EBITDA margin of 17.9% for Q4 and 18.6% for the full year. Atmus expects revenue in 2024 to range from $1,610 million to $1,675 million, with adjusted EBITDA margin between 18.25% and 19.25%, and adjusted earnings per share from $2.10 to $2.35.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.3%
Tags
earnings
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Atmus Filtration Technologies Inc

NYSE:ATMU

ATMU Rankings

#1679 Ranked by Market Cap
#2912 Ranked by Stock Gains
N/A Ranked by Dividends

ATMU Stock Data

2.69B
83.02M
0.51%
35.1%
5.81%
Motor Vehicle Gasoline Engine and Engine Parts Manufacturing
Manufacturing
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United States
Nashville