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Atmus Filtration Technologies, Inc. (ATMU)
NYSE:ATMU
RESEARCH TOOLSreports
Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.53Last Year’s EPS
0.49Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 21, 2025
|% Change Since: -5.52%
|Next Earnings Date:May 02, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a balanced sentiment with strong financial performance and strategic achievements, such as margin expansion and successful product launches, offset by challenges including soft market conditions, restructuring costs, and persistent weakness in China.Company Guidance
During the Atmus Filtration Technologies fourth quarter and full year 2024 earnings call, CEO Steph Disher outlined the company's strong financial performance and forward-looking strategies. The company reported a 1.8% increase in fourth-quarter sales to $407 million, with an adjusted EBITDA of $78 million or 19.1%, and adjusted earnings per share of $0.58. For the full year, sales rose by 2.5% to $1.67 billion, and adjusted EBITDA was $330 million, with an adjusted EBITDA margin of 19.7%. Despite soft market conditions, Atmus outperformed the market by approximately two percentage points in 2024 and anticipates global market growth of flat to 4% in 2025. The company also reported repurchasing $20 million of stock and has $130 million remaining under board authorization. In 2025, Atmus expects adjusted EBITDA margins to remain in the range of 19% to 20%, with adjusted EPS projected between $2.35 and $2.60. The company's growth strategy includes expanding its share in the first fit market, enhancing aftermarket growth, transforming the supply chain, and entering the industrial filtration market, all while navigating ongoing global economic uncertainties.Completion of Common Share Exchange
In March 2024, Atmus Filtration Technologies completed a common share exchange, becoming a fully independent company for the first time in its history. This move has accelerated their growth strategy and market outperformance.
Strong Financial Performance
Fourth quarter sales increased by 1.8% to $407 million, and adjusted EBITDA was $78 million or 19.1%, compared to $71 million or 17.9% in the prior period.
Adjusted EBITDA Margin Expansion
Since 2022, adjusted EBITDA margin expanded by 410 basis points, demonstrating the success of supply chain transformation and cost reduction efforts.
Fleetguard Brand Expansion
Expansion of product coverage with the Fleetguard brand through new channels and high-growth geographies, including a successful Latin American customer event.
Launch of NanoNet N3
Expanded technology leadership in fuel filtration with the launch of the next-generation NanoNet N3 media, enabling compact filter designs and superior service life.
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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 21, 2025, TBA Not Confirmed.
What is Atmus Filtration Technologies, Inc. (ATMU) earnings time?
Atmus Filtration Technologies, Inc. (ATMU) earnings time is at Feb 21, 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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