Atmus Filtration Technologies Inc. (ATMU) Income Statement Analysis

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Complete financial analysis of Atmus Filtration Technologies Inc. (ATMU) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Atmus Filtration Technologies Inc., a leading company in the Industrial – Pollution & Treatment Controls industry within the Industrials sector.

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Atmus Filtration Technologies Inc. (ATMU)

Industry: Industrial - Pollution & Treatment Controls

Sector: Industrials

Website: https://Atmus.com

About Atmus Filtration Technologies Inc.

Atmus Filtration Technologies Inc. designs, manufactures, and sells filtration products under the Fleetguard brand name in North America, Europe, South America, Asia, Australia, Africa, and internationally. It offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, and coolants, as well as fuel additives. The company's products are used in on-highway and off-highway commercial vehicles; and agriculture, construction, mining, and power generation vehicles and equipment. It serves original equipment manufacturers, dealers/distributors, and end-users. The company was founded in 1958 and is headquartered in Nashville, Tennessee. Atmus Filtration Technologies Inc. operates as a subsidiary of Cummins Inc.

Metric	2023	2022	2021	2020	2019
Revenue	1.63B	1.56B	1.44B	1.23B	1.28B
Cost of Revenue	1.18B	1.20B	1.09B	923.20M	968.80M
Gross Profit	443.50M	361.40M	350.50M	309.40M	312.10M
Gross Profit Ratio	27.24%	23.14%	24.36%	25.10%	24.37%
Research & Development	42.50M	38.60M	42.00M	39.00M	39.20M
General & Administrative	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	0.00	0.00	0.00	0.00	0.00
SG&A	174.70M	154.50M	126.20M	112.10M	116.60M
Other Expenses	0.00	8.80M	3.90M	2.00M	0.00
Operating Expenses	217.20M	198.10M	168.20M	151.10M	129.40M
Cost & Expenses	1.38B	1.40B	1.26B	1.07B	1.10B
Interest Income	0.00	5.30M	32.40M	40.70M	200.00K
Interest Expense	25.80M	39.20M	800.00K	400.00K	0.00
Depreciation & Amortization	21.50M	21.60M	21.00M	20.70M	20.90M
EBITDA	273.70M	234.30M	239.60M	221.70M	177.20M
EBITDA Ratio	16.81%	14.19%	16.69%	18.02%	13.83%
Operating Income	248.40M	191.30M	214.70M	199.00M	156.30M
Operating Income Ratio	15.26%	12.25%	14.92%	16.14%	12.20%
Total Other Income/Expenses	-22.00M	8.10M	3.10M	1.60M	26.20M
Income Before Tax	226.40M	160.90M	217.80M	200.60M	182.50M
Income Before Tax Ratio	13.91%	10.30%	15.14%	16.27%	14.25%
Income Tax Expense	55.10M	32.90M	46.50M	57.80M	30.60M
Net Income	171.30M	128.00M	170.10M	142.80M	151.90M
Net Income Ratio	10.52%	8.19%	11.82%	11.59%	11.86%
EPS	2.06	1.54	2.06	1.71	0.00
EPS Diluted	2.05	1.54	2.06	1.71	0.00
Weighted Avg Shares Out	83.30M	83.30M	83.30M	83.30M	0.00
Weighted Avg Shares Out (Dil)	83.40M	83.30M	83.30M	83.30M	0.00

Atmus Filtration Technologies: Filtering This Offering

May 26, 2023seekingalpha.com

Atmus Filtration Technologies Inc. is the filtration operation from Cummins that was spun out from that business. While valuations are non-demanding, I fear a potential addition to corporate cost overhang and long-term promise of the business.

Atmus Filtration's stock soars 14% in trading debut

May 26, 2023marketwatch.com

Atmus Filtration Technologies Inc.'s stock ATMU, +13.59% soared 14% Friday in their trading debut, after the Cummins Inc. CMI, +0.68% spinoff priced its initial public offering in the middle of its price range. The company sold 14.1 million shares priced...

Cummins' filtration unit valued at $1.8 billion in strong market debut

May 26, 2023reuters.com

Diesel engine maker Cummins Inc's filtration solutions division, Atmus Filtration Technologies , has fetched a valuation of $1.8 billion after its shares rose 11% in their market debut on Friday.

Cummins spin-off Atmus Filtration IPO prices at $19.50 a share

May 26, 2023marketwatch.com

Atmus Filtration Technologies Inc. ATMU, priced 14.1 million shares at $19.50 a share to raise $275.4 million in its initial public offering on Friday, the company said. The IPO is a spinoff from Cummins Inc. CMI, +0.20% in a relatively...

Atmus Filtration Technologies Announces Pricing of Initial Public Offering

May 25, 2023businesswire.com

NASHVILLE, Tenn.--(BUSINESS WIRE)--Atmus Filtration Technologies Inc. (Atmus), the Filtration business unit of Cummins Inc. (Cummins; NYSE: CMI), today announced the pricing of its initial public offering (IPO) of 14,124,409 shares of its common stock owned by Cummins at a price...