earnings
confidence high
sentiment positive
materiality 0.75
Atmus Q3 net sales $404M (+1.9% YoY); raises FY2024 guidance; adj. EPS $0.61
Atmus Filtration Technologies Inc.
2024-Q3 EPS reported
$1.74
revenue$1,262,900,000
- GAAP net income $44M ($0.52 diluted EPS); adjusted EPS $0.61 vs $0.52 YoY.
- Adjusted EBITDA $79M (19.6% margin) vs $73M (18.3%) YoY.
- Raised 2024 outlook: revenue $1,650-1,675M, adj. EBITDA margin 19.25-19.75%, adj. EPS $2.35-2.50.
- Repurchased $10M of stock under $150M authorization; paid $0.05 quarterly dividend.
- Operating cash flow $71M; adjusted free cash flow $65M.