BUZZ-Atmus gains after upbeat Q4 results, annual forecasts

Reuters
21 Feb
BUZZ-Atmus gains after upbeat Q4 results, annual forecasts

** Atmus Filtration Technologies' ATMU.N shares rise 4.1% to $40.79 premarket after the filtration solutions provider beat Q4 profit and sales estimates

** Co reports Q4 adjusted EPS of $0.58 vs. estimates of $0.52, according to data compiled by LSEG

** ATMU's net sales for Q4 reached $407 million vs estimates of $399.4 million

** Sales primarily driven by higher volume and increases in pricing

** ATMU expects FY25 EPS in the range of $2.35 to $2.60, the higher end of which is above the analysts' expectation of $2.53

** Forecasts FY25 revenue between 1.67 billion to 1.73 billion vs. analysts' expectation of 1.71 billion

** Six of seven brokerages rate the stock "buy" or higher, one "hold"; their median PT is $49

** Stock had risen 66.8% in 2024

(Reporting by Ragini Mathur in Benagluru)

((Ragini.Mathur@thomsonreuters.com;))

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