Atmus Q1 net sales $427M (+2% YoY), GAAP EPS $0.54, adj EPS $0.60; FY2024 guidance reaffirmed

Atmus Filtration Technologies Inc.

2024-Q1 EPS reported $0.54 revenue$426,600,000

Net sales $427M; net income $46M ($0.54 diluted EPS) vs $53M ($0.63) in Q1 2023.
Adjusted EPS $0.60, adjusted EBITDA $80M (18.8% margin), both down slightly YoY.
FY2024 guidance reaffirmed: rev $1,610-1,675M, adj EBITDA margin 18.25-19.25%, adj EPS $2.10-2.35.
Cash from operations -$8M (vs +$43M a year ago) on working capital and incentive comp; adj free cash flow -$13M.
Full separation from Cummins completed March 18, 2024 via share exchange; no further ownership by Cummins.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Atmus Filtration Technologies Inc. reported first quarter of 2024 results: revenue $427 million, net income $46 million, EPS $0.54. Guidance reaffirmed.

Period: first quarter of 2024
Revenue: $427 million
Net income: $46 million
EPS: $0.54
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Net sales of $427 million • GAAP net income of $46 million • Diluted earnings per share of $0.54

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