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Atmus Becomes a Fully Independent Company Following Final Separation from Cummins

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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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The split of Atmus Filtration Technologies from Cummins Inc. represents a significant structural change, which can lead to shifts in market dynamics. Newly independent entities often experience changes in their strategic direction, resource allocation and operational focus. For stakeholders, the immediate implications could include stock price volatility as the market adjusts to the new entity's valuation without the backing of its former parent company.

Long-term considerations might involve Atmus' ability to maintain its customer relationships and market share without Cummins' support. The company's success will largely depend on its strategic clarity and execution in the competitive filtration solutions market. Investors should monitor Atmus' performance indicators such as sales growth, profit margins and market penetration post-separation.

The financial implications of Atmus' separation from Cummins are multifaceted. The spin-off could potentially unlock shareholder value as both entities might operate more efficiently independently. However, Atmus will need to establish its own creditworthiness, which could affect its capital raising capabilities and cost of debt. Additionally, the distribution of assets and liabilities between Atmus and Cummins will be a key factor in assessing the financial health of the new standalone company.

Investors should scrutinize the first few quarterly reports post-separation for insights into Atmus' financial stability, capital structure and operational costs. These reports will provide a clearer picture of how the separation has impacted the company's financial position and future growth prospects.

From a legal perspective, the separation of Atmus from Cummins must be navigated carefully to avoid potential disputes related to intellectual property, contracts and liabilities. The terms of the separation agreement will play a important role in defining the new boundaries and responsibilities of each company. It is essential for investors to understand any legal risks that may arise from the spin-off, such as warranty claims or pending litigation that could affect Atmus' financials and reputation.

Furthermore, regulatory compliance will be an important area for Atmus as an independent entity, especially in sectors where filtration technology is heavily regulated. The company's ability to adhere to industry standards and regulations without the infrastructure of Cummins will be an important indicator of its long-term viability.

NASHVILLE, Tenn.--(BUSINESS WIRE)-- Atmus Filtration Technologies Inc. (NYSE: ATMU) (“Atmus”) today announced its separation from Cummins Inc. (“Cummins”), marking Atmus’ first day as a fully independent company.

“Today we celebrate a new day for Atmus,” shared Steph Disher, Chief Executive Officer of Atmus. “As we look at what’s next for Atmus, we have a clear strategy along with a talented and dedicated team that continues to deliver the filtration solutions our customers expect from us. I am excited about all we will achieve as we realize our purpose of creating a better future by protecting what is important.”

As separately announced today, Cummins accepted an aggregate of 5,574,051 shares of Cummins common stock in exchange for 67,054,719 shares of Atmus common stock.

Full details of the results are available in a separate press release issued by Cummins.

About Atmus

Atmus Filtration Technologies Inc. is a global leader in filtration and media solutions. For more than 65 years, the company has combined its culture of innovation with a rich history of designing and manufacturing filtration solutions. With a presence on six continents, Atmus serves customers across truck, bus, agriculture, construction, mining, marine and power generation vehicle and equipment markets, along with comprehensive aftermarket support and solutions. Headquartered in Nashville, Tennessee (U.S.), Atmus employs approximately 4,500 people globally who are committed to creating a better future by protecting what is important. Learn more at https://www.atmus.com/

Forward-Looking Statements

This communication contains certain statements about Atmus that are forward-looking statements. Forward-looking statements are based on current expectations and assumptions regarding Atmus’ business, the economy and other future conditions. In addition, the forward-looking statements contained in this communication may include statements about the expected effects on Atmus of the exchange offer, the anticipated benefits of the exchange offer, Atmus’ anticipated financial results, and all other statements in this communication that are not historical facts.

Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and are detailed more fully in Atmus’ periodic reports filed from time to time with the U.S. Securities and Exchange Commission. Such uncertainties, risks and changes in circumstances could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Forward-looking statements included herein are made as of the date hereof, and Atmus undertakes no obligation to update publicly such statements to reflect subsequent events or circumstances, except to the extent required by applicable securities laws. Investors should not put undue reliance on forward-looking statements.

Investor Relations:

Todd Chirillo

investor.relations@atmus.com



Media Relations:

Keri Moenssen

media.inquiries@atmus.com

Source: Atmus Filtration Technologies Inc.

FAQ

What is the ticker symbol for Atmus Filtration Technologies Inc.?

The ticker symbol for Atmus Filtration Technologies Inc. is ATMU.

Who announced the separation of Atmus Filtration Technologies Inc. from Cummins Inc.?

Atmus Filtration Technologies Inc. announced its separation from Cummins Inc.

What did Steph Disher, the CEO of Atmus Filtration Technologies Inc., mention about the separation?

Steph Disher expressed optimism about the future, highlighting a clear strategy and a committed team post-separation.

What was emphasized as the key focus for Atmus Filtration Technologies Inc. after the separation?

Atmus Filtration Technologies Inc. emphasized delivering filtration solutions that customers expect from them post-separation.

Atmus Filtration Technologies Inc.

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