Atmus Filtration Sees FY24 Revenues Of $1.625B-$1.675B Vs. $1.65B Estimate (Prior View: $1.61B-$1.675B); Projects Adjusted EPS Of $2.15-$2.40 Vs. $2.16 Estimate (Prior View: $2.10-$2.35)
Portfolio Pulse from Benzinga Newsdesk
Atmus Filtration has updated its 2024 guidance, projecting revenues between $1.625 billion and $1.675 billion, and adjusted EPS between $2.15 and $2.40. The company also announced a $0.05 per share quarterly dividend and a $150 million share repurchase program.
August 02, 2024 | 10:56 am
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Atmus Filtration has updated its 2024 financial guidance, projecting revenues between $1.625 billion and $1.675 billion, and adjusted EPS between $2.15 and $2.40. The company also declared a $0.05 per share quarterly dividend and authorized a $150 million share repurchase program.
The updated guidance with higher revenue and EPS projections, along with the dividend and share repurchase program, are positive signals for investors. These actions indicate strong financial health and a commitment to returning value to shareholders, likely leading to a short-term positive impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100