8-K
filed February 14, 2024, 6:59 PM ET
ticker ATMU
CIK 0001921963
earnings
confidence high
sentiment positive
materiality 0.80
Atmus Q4 net sales $400M (+4% YoY); FY adj EPS $2.31; mid-point FY2024 guide near flat
Atmus Filtration Technologies Inc.
2023-FY EPS reported
$2.05
revenue$1,628,100,000
- GAAP net income Q4 $35M ($0.42 diluted EPS); adjusted EPS $0.49; FY adj EPS $2.31 vs $2.13 prior year.
- Adjusted EBITDA Q4 $71M (17.9% margin), FY $302M (18.6%); cash from ops FY $189M.
- FY2024 guidance: revenue $1,610-1,675M, adj EBITDA margin 18.25-19.25%, adj EPS $2.10-2.35.
- Six Cummins-designated directors resigned conditionally upon exchange offer closing; board set at seven.
- Diego Donoso and Stuart Taylor appointed to board; committee assignments updated.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Atmus Filtration Technologies Inc. reported full year ended December 31, 2023 results: revenue $1,628 million, net income $171 million, EPS $2.05 full year. Guidance initiated.
- Period
- full year ended December 31, 2023
- Revenue
- $1,628 million
- Net income
- $171 million
- EPS
- $2.05 full year
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
results for its fourth quarter and full year that ended December 31, 2023. Fourth Quarter and Full Year Highlights • Net sales of $400 million for the fourth quarter and $1,628 million full year • GAAP net income of $35 million for the fourth quarter and $171 million full year • Diluted earnings per share of $0.42 for the fourth quarter and $2.05 full year •
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Atmus Filtration Technologies Inc. reported fourth quarter ended December 31, 2023 results: revenue $400 million, net income $35 million, EPS $0.42 of diluted earnings per share.
- Period
- fourth quarter ended December 31, 2023
- Revenue
- $400 million
- Net income
- $35 million
- EPS
- $0.42 of diluted earnings per share
- Result
- reported results
Exact text from the filing
and media solutions, today reported financial results for its fourth quarter and full year that ended December 31, 2023. Fourth Quarter and Full Year Highlights • Net sales of $400 million for the fourth quarter and $1,628 million full year • GAAP net income of $35 million for the fourth quarter and $171 million full year • Diluted earnings per share of $0.42 for
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mark Smith resigned as Director at Atmus Filtration Technologies Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Sharon Barner, Mark Smith, Cristina Burrola, Tony Satterthwaite, Earl Newsome and Nathan Stoner each resigned from the Company’s board of directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Nathan Stoner resigned as Director at Atmus Filtration Technologies Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Sharon Barner, Mark Smith, Cristina Burrola, Tony Satterthwaite, Earl Newsome and Nathan Stoner each resigned from the Company’s board of directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Earl Newsome resigned as Director at Atmus Filtration Technologies Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Sharon Barner, Mark Smith, Cristina Burrola, Tony Satterthwaite, Earl Newsome and Nathan Stoner each resigned from the Company’s board of directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Stuart Taylor was appointed as Director at Atmus Filtration Technologies Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
appointed each of Diego Donoso and Stuart Taylor as a member of the Company’s board of directors to fill the remaining vacancies on the board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Cristina Burrola resigned as Director at Atmus Filtration Technologies Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Sharon Barner, Mark Smith, Cristina Burrola, Tony Satterthwaite, Earl Newsome and Nathan Stoner each resigned from the Company’s board of directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Tony Satterthwaite resigned as Director at Atmus Filtration Technologies Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Sharon Barner, Mark Smith, Cristina Burrola, Tony Satterthwaite, Earl Newsome and Nathan Stoner each resigned from the Company’s board of directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Diego Donoso was appointed as Director at Atmus Filtration Technologies Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
appointed each of Diego Donoso and Stuart Taylor as a member of the Company’s board of directors to fill the remaining vacancies on the board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sharon Barner resigned as Director at Atmus Filtration Technologies Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Sharon Barner, Mark Smith, Cristina Burrola, Tony Satterthwaite, Earl Newsome and Nathan Stoner each resigned from the Company’s board of directors
View on SEC.gov
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