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Atmus Filtration Technologies, Inc. (ATMU)
:ATMU
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.53Last Year’s EPS
0.49Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 03, 2023
|% Change Since: 1.78%
|Next Earnings Date:Aug 09, 2023
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed sentiment with growth in core business and positive financial performance, but challenges in market conditions, particularly in international markets and continued onetime separation costs. The company's strategic initiatives and transition to a stand-alone entity are progressing well, but external market conditions pose challenges.Company Guidance
During the third quarter 2024 earnings call, Atmus Filtration Technologies provided guidance reflecting optimistic growth and performance amidst challenging market conditions. The company reported sales of $404 million, a 2% increase from the previous year, and adjusted EBITDA of $79 million, up from $73 million, resulting in a margin of 19.6%. Adjusted earnings per share were $0.61, while adjusted free cash flow was $65 million. Atmus announced a share repurchase of $10 million as part of a $150 million program and paid a dividend of $0.05 per share. The company raised its 2024 revenue guidance to 1%-3% growth, projecting sales between $1.65 billion and $1.675 billion, and increased its adjusted EBITDA margin expectation to 19.25%-19.75%. Additionally, the adjusted EPS outlook was upgraded to $2.35-$2.50. Despite market challenges, including softness in the aftermarket and first-fit markets, Atmus continues to focus on growth strategies such as expanding into industrial filtration and transforming its supply chain, with significant progress anticipated by year-end.Growth in Core Business and Industrial Filtration Expansion
Focus on growth in core business and expansion into industrial filtration. Allocated $10 million in share repurchases as part of a $150 million program and paid a cash dividend of $0.05 per share.
Revenue and EBITDA Growth
Sales increased by approximately 2% to $404 million compared to $396 million last year. Adjusted EBITDA was $79 million or 19.6%, up from $73 million or 18.3% in the prior period.
Transition to Stand-Alone Company
Completed 80% of transition from Cummins, expecting 90% completion by year-end, enabling focus on growth as a fully stand-alone company.
Supply Chain and Distribution Network Transformation
Opened a new warehouse facility in the UK; transitioned 85% of distribution to dedicated Atmus facilities, achieving all-time high delivery and availability metrics.
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Atmus Filtration Technologies, Inc. (ATMU) Earnings, Revenues Date & History
ATMU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ATMU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $41.47 | $44.27 | +6.75% |
| Aug 02, 2024 | $29.94 | $30.87 | +3.11% |
| May 03, 2024 | $30.83 | $28.36 | -8.01% |
| Feb 14, 2024 | $22.28 | $22.00 | -1.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Atmus Filtration Technologies, Inc. (ATMU) report earnings?
Atmus Filtration Technologies, Inc. (ATMU) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Atmus Filtration Technologies, Inc. (ATMU) earnings time?
Atmus Filtration Technologies, Inc. (ATMU) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ATMU EPS forecast?
ATMU EPS forecast for the fiscal quarter 2024 (Q4) is 0.53.
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