secwatch.observer — SEC 8-K summary
======================================

Issuer:     Atmus Filtration Technologies Inc. (ATMU)
CIK:        0001921963
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001921963-23-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Atmus Q2 net sales rise 5% to $414M; adjusted EPS $0.63 vs $0.60 YoY
--------------------------------------------------------------------

- GAAP net income $46M, diluted EPS $0.55; adjusted EPS $0.63 beats $0.60 prior year.
- Adjusted EBITDA $80M, margin 19.3%, up from 17.1% in Q2 2022.
- Gross margin improved to 27.7% from 24.3% due to pricing and lower commodity/freight costs.
- FY2023 guidance: revenue $1.58B-1.63B, adjusted EPS $2.05-2.25, adjusted EBITDA margin 17.25-18.25%.
- One-time separation costs from Cummins of $9M in Q2 2023 versus $1M in Q2 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1921963/000192196323000011/0001921963-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1921963/000192196323000011/atmu2023q28-kdoc.htm
  HTML page:      https://secwatch.observer/filing/0001921963-23-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer