Loading...
•
Sep 30, 2023
Atmus Q3 2023 Earnings Report
Atmus Filtration Technologies reported solid operating results and robust cash generation for Q3 2023.
Key Takeaways
Atmus Filtration Technologies reported net sales of $396 million and a net income of $38 million for the third quarter of 2023. The company's adjusted EBITDA was $73 million with a margin of 18.3 percent. Cash provided by operating activities was $58 million.
Net sales reached $396 million.
GAAP net income was $38 million.
Adjusted EBITDA stood at $73 million, with an 18.3% margin.
Cash from operating activities totaled $58 million.
Forward Guidance
The company’s guidance for year 2023 is as follows: •Revenue to be in the range of $1,600 million to $1,625 million, previous guidance was in a range of $1,580 million to $1,630 million •Adjusted EBITDA margin to be in the range of 18.00 percent to 18.50 percent, previous guidance was in a range of 17.25 percent to 18.25 percent •Adjusted earnings per share in the range of $2.20 to $2.30, previous guidance was in a range of $2.05 to $2.25
Positive Outlook
- Revenue to be in the range of $1,600 million to $1,625 million
- Previous revenue guidance was in a range of $1,580 million to $1,630 million
- Adjusted EBITDA margin to be in the range of 18.00 percent to 18.50 percent
- Previous adjusted EBITDA margin guidance was in a range of 17.25 percent to 18.25 percent
- Adjusted earnings per share in the range of $2.20 to $2.30
Challenges Ahead
- Previous adjusted earnings per share guidance was in a range of $2.05 to $2.25
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...