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Atmus Filtration Technologies Inc. - $ATMU STOCK NEWS

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

Atmus Filtration Technologies Inc. (ATMU) is a leading manufacturer of advanced filtration products primarily for the automotive and industrial sectors. Specializing in on-highway commercial vehicles and off-highway vehicles used in agriculture, construction, mining, and power generation, Atmus offers an extensive range of filtration solutions under the well-known Fleetguard brand.

The company's product line includes air filters, fuel filters, fuel water separators, lube filters, hydraulic filters, coolants, fuel additives, and other filtration systems. These products are designed to enable lower emissions and provide essential asset protection. Atmus caters to both first-fit and aftermarket applications, serving original equipment manufacturers (OEMs), dealers, distributors, and end-users alike.

Atmus is dedicated to innovation and quality, continually enhancing their offerings to meet the evolving demands of various industries. The company’s filtration solutions are integral in ensuring the smooth operation and longevity of engines and equipment, which is critical in sectors with high operational demands.

Recent achievements include advancements in filter technology that contribute to more efficient fuel consumption and reduced environmental impact. Atmus’s commitment to sustainable practices is reflected in their product development and manufacturing processes.

In partnership with Cummins Inc., Atmus has fortified its market position by leveraging Cummins' extensive network and technological expertise. This strategic alliance helps Atmus to deliver high-quality, reliable filtration solutions across the globe.

For those seeking the latest updates on Atmus Filtration Technologies Inc., the company's ongoing projects, financial health, and strategic developments, StockTitan provides comprehensive and current information to stay informed about your investments.

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Atmus Filtration Technologies Inc. reported financial results for Q1 2024, with net sales of $427 million, GAAP net income of $46 million, diluted EPS of $0.54, and adjusted EPS of $0.60. The company reaffirmed its guidance for 2024 with revenue expected to be between $1,610 million to $1,675 million, adjusted EBITDA margin of 18.25% to 19.25%, and adjusted EPS in the range of $2.10 to $2.35. Cummins Inc. completed the divestiture of its ownership in Atmus in March 2024. Despite a slight increase in net sales, the company experienced higher manufacturing costs, lower volumes, and higher cash usage in operating activities compared to the previous year.

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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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FAQ

What does Atmus Filtration Technologies Inc. do?

Atmus designs and manufactures advanced filtration products for on-highway and off-highway vehicles, under the Fleetguard brand.

Which industries does Atmus serve?

Atmus serves the automotive, agriculture, construction, mining, and power generation industries.

What are the main products of Atmus?

Atmus's main products include air filters, fuel filters, fuel water separators, lube filters, hydraulic filters, coolants, and fuel additives.

Does Atmus offer products for both first-fit and aftermarket applications?

Yes, Atmus provides filtration solutions for both first-fit and aftermarket applications.

What brand do most Atmus products fall under?

Most Atmus products are marketed under the Fleetguard brand.

Who are Atmus’s primary customers?

Atmus’s primary customers include original equipment manufacturers (OEMs), dealers, distributors, and end-users.

What recent advancements has Atmus made in its products?

Atmus has made advancements in filter technology to improve fuel efficiency and reduce environmental impact.

What is the relationship between Atmus and Cummins Inc.?

Atmus has a strategic partnership with Cummins Inc., leveraging their network and technological expertise to enhance product offerings.

How does Atmus contribute to sustainability?

Atmus contributes to sustainability by developing products that lower emissions and through eco-friendly manufacturing processes.

Where can I find the latest news about Atmus?

The latest news about Atmus Filtration Technologies Inc. can be found on StockTitan, providing updates on financial performance, products, and developments.

Atmus Filtration Technologies Inc.

NYSE:ATMU

ATMU Rankings

ATMU Stock Data

2.40B
83.02M
0.51%
35.1%
5.81%
Motor Vehicle Gasoline Engine and Engine Parts Manufacturing
Manufacturing
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United States of America
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