NYSE$ATMU

Atmus Filtration Technologies Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Atmus Filtration Technologies reported strong results driven by higher volumes and increased pricing.

Atmus Filtration Technologies reported net sales of $433 million and a net income of $56 million for Q2 2024. The company is updating guidance for year 2024 as follows: Revenue to be in the range of $1,625 million to $1,675 million, Adjusted EBITDA margin to be in the range of 18.50 percent to 19.50 percent and Adjusted earnings per share in the range of $2.15 to $2.40

  • Net sales reached $433 million, marking a 4.6% increase compared to Q2 2023.
  • GAAP net income was reported at $56 million, with diluted earnings per share of $0.67.
  • Adjusted EBITDA stood at $93 million with an adjusted EBITDA margin of 21.4%.
  • Cash from operating activities totaled $23 million, while adjusted free cash flow was $34 million.

Headline financials

Total Revenue

$433M

Previous: $414M+4.6%
EPS

$0.67

Previous: $0.63+6.3%
Adjusted EBITDA

$93M

Previous: $80M+16.3%
Adjusted EBITDA Margin

21.4%

Previous: 19.3%+10.9%
Cash from Operations

$23M

Previous: $46M-50.0%
Net Income Margin

13.0%

No prior period
EBITDA

$88.7M

No prior period
EBITDA Margin

20.5%

No prior period
Adjusted Free Cash Flow

$34M

No prior period
Gross Margin

30.5%

No prior period
Capital Expenditures

-$22.2M

Previous: -$19.1M-16.2%
Free Cash Flow

$34M

Previous: $27.1M+25.5%
Net Income

$56.2M

Previous: $46.2M+21.6%
Operating Income

$79.8M

Previous: $64.2M+24.3%
Gross Profit

$132M

Previous: $114M+15.3%
Cash & Equivalents

$161M

Previous: $140M+15.0%
Total Assets

$1.18B

Previous: $1.04B+13.2%
R&D Expense

$10.4M

No prior period

Revenue & EPS history

Atmus · Revenue · Quarterly

$433M

Q2 2024+4.6%vs Q2 2023
Beat estimate in 8 of 11 quarters(73%)
ActualEstimate

Forward guidance

The company is updating guidance for year 2024 as follows: Revenue to be in the range of $1,625 million to $1,675 million, Adjusted EBITDA margin to be in the range of 18.50 percent to 19.50 percent and Adjusted earnings per share in the range of $2.15 to $2.40

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 Q2 2024

Historical avgQ2 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