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1. Company Snapshot

1.a. Company Description

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.

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1.b. Last Insights on ATMU

Atmus Filtration Technologies' recent momentum is driven by increased institutional investment, with Assenagon Asset Management S.A. and SG Americas Securities LLC boosting their stakes by 66.0% and 35.1%, respectively. The company's Q4 earnings surpassed estimates, with a quarterly earnings per share of $0.66, outpacing the Zacks Consensus Estimate of $0.57. Additionally, Atmus Filtration Technologies is set to join the S&P SmallCap 600, effective April 9, further enhancing its market visibility.

1.c. Company Highlights

2. Atmus Filtration Technologies Beats Expectations with Strong Q4 Results

Atmus Filtration Technologies reported a robust fourth quarter with sales reaching $447 million, a 9.8% increase compared to the same period last year. Adjusted EBITDA was $85 million, or 19.1% of sales, while adjusted earnings per share came in at $0.66, surpassing analyst estimates of $0.57. For the full year, sales were $1.764 billion, a 5.7% increase from 2024. The company's strong financial performance was driven by its four-pillar growth strategy, which focuses on growing share in first fit, accelerating profitable growth in the aftermarket, transforming its supply chain, and expanding into industrial filtration markets.

Publication Date: Feb -19

📋 Highlights
  • Acquisition of Cook Filter: established Industrial Solutions segment, unlocking growth opportunities in industrial air filtration and data center markets.
  • Shareholder returns: totaled $78M in 2025 via $61M in buybacks and $17M in dividends, with $69M remaining in repurchase authorization for 2026.
  • Q4 sales: rose 9.8% to $447M, while full-year sales grew 5.7% to $1.764B, with adjusted EBITDA margin at 19.1% in Q4.
  • 2026 revenue guidance: targets $1.945B–$2.015B (10–14% growth), with Industrial Solutions expected to contribute $155M–$165M (1–8% growth driver).

Growth Strategy and Recent Developments

The company's growth strategy has shown promising results, with the recent acquisition of Cook Filter establishing its industrial air filtration platform and unlocking opportunities for accelerated growth. The acquisition also led to the creation of a new Industrial Solutions segment. Additionally, the company launched the next generation of its NanoNet media, NanoNet N3, which enables compact filter designs while delivering superior service life in harsh environments.

Outlook and Guidance

Atmus Filtration Technologies expects total company revenue to be in the range of $1.945 billion to $2.015 billion in 2026, representing a 10% to 14% increase compared to 2025. The company also expects adjusted EBITDA margin to be between 19.5% and 20.5%. According to Stephanie Disher, the company expects to achieve the midpoint of its revenue guidance range for the Industrial Solutions segment.

Valuation and Metrics

With a P/E Ratio of 25.24 and an EV/EBITDA ratio of 17.24, the market appears to be pricing in a certain level of growth for Atmus Filtration Technologies. The company's ROE of 63.97% and ROIC of 23.01% indicate strong profitability. Analysts estimate next year's revenue growth at 6.6%, which is lower than the company's guided range, suggesting that there may be room for upside surprise.

Tariff Landscape and Pricing

The company has indicated that it expects 1% pricing for the year, with the possibility of tariffs getting rolled back, which could lead to negative pricing at some point. As Stephanie Disher mentioned, the company aims to be price-cost neutral with tariffs and will not pass on costs if they're not incurred.

3. NewsRoom

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LEA or ATMU: Which Is the Better Value Stock Right Now?

Apr -13

Source: zacks.com

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Aberdeen Group plc Cuts Position in Atmus Filtration Technologies Inc. $ATMU

Apr -06

Source: defenseworld.net

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SG Americas Securities LLC Acquires 11,534 Shares of Atmus Filtration Technologies Inc. $ATMU

Apr -05

Source: defenseworld.net

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Head-To-Head Analysis: Atmus Filtration Technologies (NYSE:ATMU) versus Media Pal (OTCMKTS:MPHD)

Apr -05

Source: defenseworld.net

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Allspring Global Investments Holdings LLC Has $38.81 Million Stock Holdings in Atmus Filtration Technologies Inc. $ATMU

Apr -03

Source: defenseworld.net

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Atmus Filtration Technologies Set to Join S&P SmallCap 600

Apr -02

Source: prnewswire.com

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Atmus Opens Expanded Testing Laboratory at Quimper, France Site

Mar -31

Source: businesswire.com

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Atmus Filtration Technologies Inc. $ATMU Shares Acquired by Assenagon Asset Management S.A.

Mar -26

Source: defenseworld.net

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (3.63%)

6. Segments

Fuel

Expected Growth: 3.5%

Atmus Filtration Technologies Inc.'s 3.5% growth in Fuel segment is driven by increasing adoption of clean energy solutions, stringent emissions regulations, and rising demand for efficient filtration systems in the automotive and industrial sectors.

Other

Expected Growth: 3.8%

Atmus Filtration Technologies Inc.'s 3.8% growth is driven by increasing demand for air and gas filtration systems, expansion into new markets, and strategic partnerships. Additionally, the company's focus on innovation and R&D has led to the development of new products and technologies, further contributing to its growth.

Lube

Expected Growth: 3.2%

The 3.2% growth of Lube from Atmus Filtration Technologies Inc. is driven by increasing demand for high-performance lubricants in industrial applications, growing adoption of electric vehicles, and rising need for energy-efficient solutions. Additionally, expansion into emerging markets and strategic partnerships are contributing to the segment's growth.

Air

Expected Growth: 4.2%

Air from Atmus Filtration Technologies Inc. growth of 4.2% driven by increasing demand for clean air solutions, government regulations on air quality, and rising awareness of indoor air pollution. Additionally, growing adoption in industrial and commercial applications, and expansion into new markets also contribute to the growth.

7. Detailed Products

Air Filters

Atmus Filtration Technologies Inc. offers a wide range of air filters designed to capture airborne contaminants, including dust, pollen, and other particles. Our air filters are designed for residential, commercial, and industrial applications.

Liquid Filters

Atmus Filtration Technologies Inc. provides a variety of liquid filters designed to remove impurities and contaminants from liquids, including water, oil, and chemicals.

Gas Filters

Atmus Filtration Technologies Inc. offers gas filters designed to remove impurities and contaminants from gases, including natural gas, compressed air, and industrial gases.

Coalescing Filters

Atmus Filtration Technologies Inc. provides coalescing filters designed to remove liquid droplets and contaminants from gases and liquids.

HEPA Filters

Atmus Filtration Technologies Inc. offers HEPA (High Efficiency Particulate Air) filters designed to capture 99.97% of particles as small as 0.3 microns.

Activated Carbon Filters

Atmus Filtration Technologies Inc. provides activated carbon filters designed to remove impurities and contaminants from air and water.

8. Atmus Filtration Technologies Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Atmus Filtration Technologies Inc. is medium due to the availability of alternative air filtration technologies.

Bargaining Power Of Customers

The bargaining power of customers for Atmus Filtration Technologies Inc. is low due to the company's strong brand reputation and customer loyalty.

Bargaining Power Of Suppliers

The bargaining power of suppliers for Atmus Filtration Technologies Inc. is medium due to the presence of multiple suppliers in the market.

Threat Of New Entrants

The threat of new entrants for Atmus Filtration Technologies Inc. is high due to the relatively low barriers to entry in the air filtration industry.

Intensity Of Rivalry

The intensity of rivalry for Atmus Filtration Technologies Inc. is high due to the presence of several established competitors in the market.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 88.27%
Debt Cost 5.44%
Equity Weight 11.73%
Equity Cost 13.36%
WACC 6.37%
Leverage 752.66%

11. Quality Control: Atmus Filtration Technologies Inc. passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Sterling Infrastructure

A-Score: 5.1/10

Value: 2.3

Growth: 8.7

Quality: 7.3

Yield: 0.0

Momentum: 9.5

Volatility: 2.7

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Federal Signal

A-Score: 5.1/10

Value: 2.4

Growth: 7.6

Quality: 7.3

Yield: 0.0

Momentum: 7.0

Volatility: 6.0

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Zurn Elkay Water Solutions

A-Score: 5.0/10

Value: 2.0

Growth: 3.3

Quality: 7.1

Yield: 2.0

Momentum: 8.0

Volatility: 7.7

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ManpowerGroup

A-Score: 4.9/10

Value: 9.0

Growth: 2.9

Quality: 3.6

Yield: 8.0

Momentum: 0.0

Volatility: 5.7

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Herc

A-Score: 4.5/10

Value: 7.6

Growth: 7.2

Quality: 4.0

Yield: 3.0

Momentum: 2.0

Volatility: 3.0

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Atmus Filtration Technologies

A-Score: 4.1/10

Value: 2.3

Growth: 3.4

Quality: 6.9

Yield: 0.0

Momentum: 7.0

Volatility: 4.7

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

63.43$

Current Price

63.43$

Potential

-0.00%

Expected Cash-Flows