Headquartered in Nashville, TN Fiscal year ends December NYSE: ATMU atmus.com
Atmus Filtration Technologies Inc. (NYSE: ATMU) designs and manufactures filtration and media solutions and has more than 65 years of filtration engineering history. It was separated from Cummins Inc. and operates through two reportable segments.
- **Power Solutions:** Sold mainly under the Fleetguard brand, this segment serves global on- and off-highway equipment markets. It generates the large majority of sales and includes equity-method joint venture investees that contribute equity, royalty and interest income.
- **Industrial Solutions:** Formed through the acquisition of Koch Filter Corporation, this segment sells Koch Filter-branded products for commercial and industrial HVAC applications. It also targets higher-growth end markets such as data centers and power generation environments.
The company employs nearly 5,000 people worldwide. It has some related-party sales and pays a quarterly dividend. Its capital allocation focuses on growth investment and share repurchases. Updated
The board doubled the buyback authorization to $300 million the same week management raised full-year adjusted EPS guidance to $2.90 to $3.05. Koch Filter drove most of the sales growth, and the new Industrial Solutions segment targets data center and power generation filtration.
Fourteen straight quarters of beating EPS estimates is the streak on the line when Atmus Filtration reports before the open, with consensus at $0.731 EPS on $501.53 million in revenue. The last four beats came by margins as wide as 15.8%, so anything in line would be the real surprise.
Atmus Filtration Technologies Inc. (NYSE: ATMU) designs and manufactures filtration and media solutions and has more than 65 years of filtration engineering history.
The Wall Street consensus 12-month price target for ATMU is $62.60.