Atmus Q3 2023 Earnings Report
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.
Atmus
Atmus
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