NYSE$ATMU

Atmus Filtration Technologies Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Atmus Filtration Technologies reported solid results in Q1 2024, driven by pricing and currency benefits, despite volume decrease.

Atmus Filtration Technologies reported a 2% increase in net sales to $427 million. GAAP net income was $46 million, with diluted earnings per share of $0.54. Adjusted EPS was $0.60, and adjusted EBITDA reached $80 million with a margin of 18.8%.

  • Net sales increased by 2% year-over-year to $427 million.
  • GAAP net income was $46 million, with diluted earnings per share at $0.54.
  • Adjusted EBITDA was $80 million, with an adjusted EBITDA margin of 18.8%.
  • The company reaffirmed its 2024 revenue guidance of $1,610 million to $1,675 million.

Headline financials

Total Revenue

$427M

Previous: $419M+1.9%
EPS

$0.54

Previous: $0.63-14.3%
Adjusted EBITDA

$80.2M

No prior period
Adjusted EBITDA Margin

18.8%

No prior period
Cash from Operations

-$8.2M

No prior period
Net Income Margin

10.7%

No prior period
EBITDA

$74.2M

No prior period
EBITDA Margin

17.4%

No prior period
Adjusted Free Cash Flow

-$12.7M

No prior period
Capital Expenditures

-$10.6M

Previous: $6.4M-265.6%
Free Cash Flow

$34.9M

No prior period
Net Income

$45.5M

Previous: $52.7M-13.7%
Operating Income

$68.6M

Previous: $69.2M-0.9%
Gross Profit

$112M

Previous: $110M+1.8%
Cash & Equivalents

$149M

No prior period
Total Assets

$1.1B

No prior period
R&D Expense

$10.1M

No prior period

Revenue & EPS history

Atmus · Revenue · Quarterly

$427M

Q1 2024+1.9%vs Q1 2023
Beat estimate in 8 of 11 quarters(73%)
ActualEstimate

Forward guidance

The company is reaffirming guidance for year 2024

Tailwinds

  • 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

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 15 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-1.0%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+3.7%

Avg return

30 days after

60%

9 / 15 earnings

Positive

+3.2%

Q4 2025

Best reaction

-17.4%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-17.4%-14.4%-26.5%
Q4 2025+3.2%+3.4%-8.9%
Q3 2025+3.0%+7.4%+12.3%
Q1 2025+2.1%+0.9%+2.2%
Q4 2024-3.6%-0.5%-4.3%
Q3 2024+2.2%+5.1%+2.8%
Q2 2024+0.7%+2.4%+19.6%
Q1 2023-4.0%-2.8%-0.3%
Q1 2024-4.0%-2.8%-0.3%
Q4 2023+0.8%+2.7%+16.9%
Q4 2021+0.8%+2.7%+16.9%
Q3 2023-0.9%-2.4%+13.9%
Q3 2022-0.9%-2.4%+13.9%
Q2 2022+1.6%+3.3%-1.2%
Q2 2023+1.6%+3.3%-1.2%
Q1 2022
Q1 2021

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro