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Jun 30, 2023
Atmus Q2 2023 Earnings Report
Atmus reported strong sales and operating results, marking its first quarter as a public company after the Initial Public Offering on May 30.
Key Takeaways
Atmus Filtration Technologies reported a 5% increase in net sales to $414 million, driven by pricing increases, which were partially offset by volume decreases and currency impacts. Net income was $46 million, with diluted earnings per share of $0.55. Adjusted EBITDA was $80 million, representing a margin of 19.3%.
Net sales reached $414 million.
GAAP net income was $46 million.
Diluted earnings per share were $0.55.
Adjusted EBITDA stood at $80 million, with a margin of 19.3 percent.
Forward Guidance
The company’s guidance for year 2023 is as follows: •Revenue to be in the range of $1,580 million to $1,630 million •Adjusted earnings per share in the range of $2.05 to $2.25 •Adjusted EBITDA margin to be in the range of 17.25 percent to 18.25 percent
Positive Outlook
- Revenue to be in the range of $1,580 million to $1,630 million
- Adjusted earnings per share in the range of $2.05 to $2.25
- Adjusted EBITDA margin to be in the range of 17.25 percent to 18.25 percent
Historical Earnings Impact
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Avg. Return Before/After Earnings
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