Financial Performance - Net sales for Q3 2024 were $404 million, a 1.9% increase from $396 million in Q3 2023[3] - GAAP net income was $44 million, or $0.52 diluted earnings per share, compared to $38 million, or $0.45 diluted earnings per share in the same period last year[6] - Adjusted EBITDA was $79 million with an adjusted EBITDA margin of 19.6%, up from $73 million and 18.3% in Q3 2023[5] - Net income for the nine months ended September 30, 2024, was $145.5 million, compared to $136.5 million for the same period in 2023, reflecting an increase of 6.6%[29] - Basic earnings per share for the nine months ended September 30, 2024, were $1.75, up from $1.64 for the same period in 2023, an increase of 6.7%[31] - The company reported a net income margin of 11.5% for the nine months ended September 30, 2024, compared to 11.1% for the same period in 2023[32] Revenue Guidance - The company raised its 2024 revenue guidance to a range of $1,650 million to $1,675 million[2] - Adjusted earnings per share for 2024 is projected to be between $2.35 and $2.50[2] Cash Flow and Operating Activities - Cash provided by operating activities was $71 million, compared to $58 million in Q3 2023[7] - Cash provided by operating activities for the three months ended September 30, 2024, was $70.7 million, an increase of 21.0% compared to $58.3 million for the same period in 2023[35] - For the nine months ended September 30, 2024, cash provided by operating activities totaled $85.4 million, down 42.0% from $147.3 million in 2023[35] Free Cash Flow - Adjusted free cash flow increased to $65 million from $50 million in the same quarter last year[8] - Free cash flow for the three months ended September 30, 2024, was $54.3 million, up 13.6% from $47.8 million in the prior year[35] - The adjusted free cash flow for the nine months ended September 30, 2024, was $86.1 million, a decrease of 29.6% compared to $122.5 million in the same period of 2023[35] Capital Expenditures - The company incurred capital expenditures of $38.6 million for the nine months ended September 30, 2024, compared to $29.6 million for the same period in 2023, an increase of 30.2%[29] - Capital expenditures for the three months ended September 30, 2024, were $16.4 million, representing a 56.2% increase from $10.5 million in the prior year[35] - One-time separation capital expenditures amounted to $5.1 million for the three months ended September 30, 2024, compared to $2.2 million in the same period of 2023[35] Assets and Liabilities - Total assets increased to $1,218.1 million as of September 30, 2024, up from $1,088.6 million at December 31, 2023, representing a growth of 11.9%[26] - Total current liabilities decreased to $368.3 million as of September 30, 2024, from $375.0 million at December 31, 2023, a reduction of 1.8%[26] - Long-term debt decreased to $577.5 million as of September 30, 2024, down from $592.5 million at December 31, 2023, a decline of 2.5%[26] Stock Repurchase - The company repurchased $10 million of common stock under its $150 million share repurchase program[2] - The company repurchased $10.0 million of common stock during the nine months ended September 30, 2024[29] Tax and Margins - The effective tax rate for Q3 2024 was 18.4%[6] - Gross margin was $111 million, representing 27.6% of net sales, compared to 26.0% in Q3 2023[4] Other Costs - Other one-time separation related costs for the nine months ended September 30, 2024, were $26.9 million, with no comparable figure for the previous year[35] - The company experienced one-time working capital inefficiencies associated with the transition from intercompany settlement terms with Cummins to standalone practices[35]

Atmus Filtration Technologies (ATMU) is expected to deliver flat earnings compared to the year-ago quarter on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on November 8, 2024, might help the stock move higher if the ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

The Zacks Pollution Control industry is poised for growth from increasing demand for air pollution control products due to rising greenhouse gas emissions and growing public awareness of health-related risks. Stringent regulations and emission standards enacted by countries globally should continue boosting the demand for industry players. However, the increased adoption of renewable sources of energy, with the rising preference for alternative fuels, has marred the outlook of the industry. Tetra Tech, Inc. ...

Have you been paying attention to shares of Atmus Filtration Technologies (ATMU) ? Shares have been on the move with the stock up 9.5% over the past month. The stock hit a new 52-week high of $34.2 in the previous session. Atmus Filtration Technologies has gained 44% since the start of the year compared to the 5.8% move for the Zacks Industrial Products sector and the 24.2% return for the Zacks Pollution Control industry. What's Driving the Outperformance? The stock has a great record of positive earnings s ...

Atmus Filtration Technologies (ATMU) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, ATMU broke through the 20-day moving average, which suggests a short-term bullish trend. The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, short- term traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversa ...

Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Has Atmus Filtration Technologies (ATMU) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.Atmus Filtration Technologies is one of 218 individual stocks in the Industrial Products sector. Collectively, these companies sit at #8 in the Zacks Sector Rank ...

Atmus Filtration Technologies Inc. (NYSE:ATMU) Q2 2024 Earnings Conference Call August 2, 2024 11:00 AM ET Company Participants Todd Chirillo - Executive Director, IR Steph Disher - Chief Executive Officer Jack Kienzler - Chief Financial Officer Conference Call Participants Joe O'Dea - Wells Fargo Tami Zakaria - JPMorgan Rob Mason - Baird David Ridley-Lane - Bank of America Jerry Revich - Goldman Sachs Bobby Brooks - Northland Capital Operator Thank you for standing by. And at this time, I would like to wel ...

Second Quarter 2024 Earnings Call August 2, 2024 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, including, without limitation, those that are based on current expectations, estimates and projections about the industries in which we operate and management's views, plans, objectives, projections, beliefs and assumptions. Forward-looking statements may be ide ...