secwatch.observer — SEC 8-K summary
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Issuer:     Atmus Filtration Technologies Inc. (ATMU)
CIK:        0001921963
Form:       8-K
Filed at:   2024-05-03T23:59:59+00:00
Accession:  0001921963-24-000072
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Atmus Q1 net sales $427M (+2% YoY), GAAP EPS $0.54, adj EPS $0.60; FY2024 guidance reaffirmed
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- Net sales $427M; net income $46M ($0.54 diluted EPS) vs $53M ($0.63) in Q1 2023.
- Adjusted EPS $0.60, adjusted EBITDA $80M (18.8% margin), both down slightly YoY.
- FY2024 guidance reaffirmed: rev $1,610-1,675M, adj EBITDA margin 18.25-19.25%, adj EPS $2.10-2.35.
- Cash from operations -$8M (vs +$43M a year ago) on working capital and incentive comp; adj free cash flow -$13M.
- Full separation from Cummins completed March 18, 2024 via share exchange; no further ownership by Cummins.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1921963/000192196324000072/0001921963-24-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1921963/000192196324000072/atmu-20240503.htm
  HTML page:      https://secwatch.observer/filing/0001921963-24-000072

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