Atmus Filtration Technologies Inc.

Parker-Hannifin reported Q2 revenues of $5.76 billion, up 9.8% year on year and 3.3% above analysts' expectations, in what was described as an exceptional quarter for the motion and control systems maker. The company also posted an impressive beat of analysts' organic revenue estimates and full-year EPS guidance that exceeded expectations, though the stock is down 6.6% since reporting and trades at $931.29. Across the 12 gas and liquid handling stocks tracked, group revenues beat consensus estimates by 2% while next quarter's revenue guidance came in 0.8% below, and share prices have fallen 6.5% on average since the latest results. SPX Technologies was the group's best performer with revenues of $679 million, up 22.9% year on year and 5.8% above expectations, and achieved the highest full-year guidance raise in the group, while Graco was the slowest with revenues of $590.6 million, up 3.3% but 3% short of expectations. ITT posted the biggest analyst estimate beat and fastest revenue growth of the group at $1.47 billion, up 51.5% year on year and 5.9% above expectations, and Atmus Filtration Technologies reported revenues of $527.9 million, up 16.4% and 3.8% ahead of estimates.

Atmus Filtration Technologies reported record second-quarter sales of $528 million, up 16.4% from $454 million a year earlier, and lifted its full-year top-line guidance. Adjusted EPS climbed to $0.82 from $0.75, while adjusted free cash flow nearly doubled to $67 million from $36 million. The company narrowed its full-year adjusted EBITDA guidance to a range of 19.75% to 20.25%, with adjusted EPS guided to $2.85 to $3.00. Power Solutions, the core diesel filtration business, grew sales 7% to $486 million, and the newly acquired Koch Filter contributed $42 million in sales at an 18.9% adjusted EBITDA margin. Management cited regulatory clarity from the EPA and an improving freight market, though it stopped short of calling the aftermarket demand a real inflection.

Atmus Filtration Technologies Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per common share, an increase from the prior quarterly dividend of $0.055 per common share. The dividend is payable on September 9, 2026, to shareholders of record at the close of business on August 27, 2026. Atmus is a global leader in the filtration industry, operating through its Power Solutions and Industrial Solutions segments.