Atmus Q3 net sales $396M (down 1%), adj EPS $0.52; raises FY23 revenue and margin guidance

Atmus Filtration Technologies Inc.

2023-Q3 EPS reported $1.64 revenue$1,228,400,000

Net sales $396M, down ~1% YoY; GAAP net income $38M, diluted EPS $0.45.
Adjusted EPS $0.52 vs $0.62 YoY; adjusted EBITDA $73M (18.3% margin, up from 17.9%).
Raised FY2023 guidance: revenue $1,600-$1,625M, adj EBITDA margin 18.0%-18.5%, adj EPS $2.20-$2.30.
Repaid $50M revolver borrowing; liquidity of $539M ($139M cash + full $400M facility).
Cash from operations $58M; adjusted free cash flow $50M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Atmus Filtration Technologies Inc. reported third quarter 2023 results: revenue $396 million, net income $38 million, EPS $0.45. Guidance raised.

Period: third quarter 2023
Revenue: $396 million
Net income: $38 million
EPS: $0.45
Guidance: raised
Result: reported results

Exact text from the filing

a global leader in filtration and media solutions, today reported financial results for its third quarter that ended September 30, 2023. Third Quarter Highlights • Net sales of $396 million • GAAP net income of $38 million • Diluted earnings per share of $0.45 • Adjusted earnings per share of $0.52 • Adjusted EBITDA of $73 million and adjusted EBITDA margin of 18.3

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Source: SEC EDGAR

accession 0001921963-23-000022

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