Quarterly ResultMay 1, 2026, 02:11 PM
Atmus Q1 Net Sales $477.5M, up 14.7%; EPS $0.59, up 9.3%
AI Summary
Atmus Filtration Technologies Inc. reported strong first-quarter 2026 results, with net sales increasing by 14.7% to $477.5 million and diluted EPS rising by 9.3% to $0.59. The company's net income grew to $48.4 million, up from $44.7 million in the prior year. These results reflect the impact of the acquisition of Koch Filter Corporation, which closed in January 2026 for approximately $456.4 million, establishing the new Industrial Solutions segment. Atmus also entered into a new $1.0 billion term loan and $500 million revolving credit facility to finance the acquisition and refinance existing debt.
Key Highlights
- Net Sales increased 14.7% to $477.5 million for Q1 2026.
- Diluted EPS rose 9.3% to $0.59 for Q1 2026.
- Net Income grew 8.3% to $48.4 million for Q1 2026.
- Acquired Koch Filter Corporation for $456.4 million in cash on January 7, 2026.
- Established new Industrial Solutions segment with $38.4 million in Q1 sales.
- Entered new $1.0 billion term loan and $500 million revolving credit facility.
- Repurchased $7.3 million of common stock; $62.0 million capacity remains.
- Net cash provided by operating activities increased to $38.1 million.