earnings
confidence high
sentiment positive
materiality 0.75
Atmus Q2 2024 net sales $433M (+4.6% YoY); EPS $0.67; guides FY2024
Atmus Filtration Technologies Inc.
2024-Q2 EPS reported
$1.22
revenue$859,200,000
- Net sales $433M (+4.6% YoY); GAAP net income $56M ($0.67 diluted EPS); adjusted EPS $0.71.
- Adjusted EBITDA $93M (21.4% margin) vs $80M (19.3%) Q2 2023.
- FY2024 guidance: revenue $1,625M-$1,675M; adj. EBITDA margin 18.5%-19.5%; adj. EPS $2.15-$2.40.
- Declared first quarterly dividend $0.05/share and authorized $150M share repurchase program on July 18.
- Cash from ops $23M; adjusted free cash flow $34M; separation costs $4M in Q2.