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Mar 31, 2024
Atmus Q1 2024 Earnings Report
Atmus Filtration Technologies reported solid results in Q1 2024, driven by pricing and currency benefits, despite volume decrease.
Key Takeaways
Atmus Filtration Technologies reported a 2% increase in net sales to $427 million. GAAP net income was $46 million, with diluted earnings per share of $0.54. Adjusted EPS was $0.60, and adjusted EBITDA reached $80 million with a margin of 18.8%.
Net sales increased by 2% year-over-year to $427 million.
GAAP net income was $46 million, with diluted earnings per share at $0.54.
Adjusted EBITDA was $80 million, with an adjusted EBITDA margin of 18.8%.
The company reaffirmed its 2024 revenue guidance of $1,610 million to $1,675 million.
Atmus
Atmus
Forward Guidance
The company is reaffirming guidance for year 2024
Positive Outlook
- Revenue to be in the range of $1,610 million to $1,675 million
- Adjusted EBITDA margin to be in the range of 18.25 percent to 19.25 percent
- Adjusted earnings per share in the range of $2.10 to $2.35