Cummins Filtration

Cummins seeking investors for IPO in stand-alone filtration unit

Cummins Inc. is taking its filtration business on the road to win investors for a $273 million  initial public offering. But when all is said and done, its parent will remain the biggest shareholder by far of Atmus Filtration Technologies.

Atmus is offering 14.1 million shares of common stock. Underwriters get a 30-day option to buy 2.1 million additional shares at the IPO price, expected to be $18 to $21 per share.

The Atmus name, announced in February, is derived from the word atmosphere and is...

https://www.freightwaves.com/news/cummins-seeking-investors-for-ipo-in-stand-alone-filtration-unit

Cummins files confidential registration to take filtration unit public

Cummins signage outside headquarters

Cummins Inc. has filed a confidential registration to sell shares in its filtration business through an initial public offering as it focuses on its pending $3.7 billion purchase of Meritor Inc.

The spinoff of the $1.2 billion filtration business into a separate company became public as part of the second-quarter 2021 earnings report. The filtration business dates to 1958. It offers products for on-highway, heavy-, medium- and light-duty trucks, off-highway industrial equipment, and power...

https://www.freightwaves.com/news/cummins-files-confidential-registration-to-take-filtration-unit-public

Cummins beats on top and bottom lines; may spin off filtration unit

Engine maker and power distribution company Cummins Inc. reported a widespread recovery in Q2 sales and income across the board as it topped analyst estimates for revenue and income.

“The strength of the order board reflects robust underlying demand in many of our markets which is remarkable considering the challenges and uncertainty we faced during this same period last year,” Chairman and CEO Tom Linebarger said in a press release.

That uncertainty may return in the second half, CFRA analyst...

https://www.freightwaves.com/news/cummins-beats-on-top-and-bottom-lines-may-spin-off-filtration-unit

Cummins Filtration Sea Pro Delivers Industry Leading Fuel Filtration Value Package

The new Fleetguard FH240 series Sea Pro® fuel water/separator processor is revolutionizing the marine industry by delivering unprecedented filtration performance, while extending service maintenance intervals beyond industry standards (up to 3x longer filter life!). Featuring a combination of innovative NanoNet® filter media in an all-steel, erosion-treated plex’d body, marine customers can expect significant reduction in operating costs. Our latest SeaPro® product boasts certifications from...

https://www.workboat.com/press-releases/cummins-filtration-sea-pro-r-delivers-industry-leading-fuel-filtration-value-package/