Atmus Q4 2023 Earnings Report
Key Takeaways
Atmus Filtration Technologies reported a 4% increase in net sales for Q4 2023, reaching $400 million. GAAP net income was $35 million, with diluted earnings per share of $0.42. Adjusted EBITDA stood at $71 million, representing a margin of 17.9%.
Net sales for the fourth quarter were $400 million, and $1,628 million for the full year.
GAAP net income reached $35 million for the fourth quarter and $171 million for the full year.
Diluted earnings per share were $0.42 for the fourth quarter and $2.05 for the full year.
Adjusted EBITDA was $71 million with a margin of 17.9% for the fourth quarter.
Atmus
Atmus
Forward Guidance
The company’s guidance for year 2024 is as follows: 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
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