Atmus Q2 2024 Earnings Report
Key Takeaways
Atmus Filtration Technologies reported net sales of $433 million and a net income of $56 million for Q2 2024. The company is updating guidance for year 2024 as follows: Revenue to be in the range of $1,625 million to $1,675 million, Adjusted EBITDA margin to be in the range of 18.50 percent to 19.50 percent and Adjusted earnings per share in the range of $2.15 to $2.40
Net sales reached $433 million, marking a 4.6% increase compared to Q2 2023.
GAAP net income was reported at $56 million, with diluted earnings per share of $0.67.
Adjusted EBITDA stood at $93 million with an adjusted EBITDA margin of 21.4%.
Cash from operating activities totaled $23 million, while adjusted free cash flow was $34 million.
Atmus
Atmus
Forward Guidance
The company is updating guidance for year 2024 as follows: Revenue to be in the range of $1,625 million to $1,675 million, Adjusted EBITDA margin to be in the range of 18.50 percent to 19.50 percent and Adjusted earnings per share in the range of $2.15 to $2.40