NYSE$ATMU

Atmus Filtration Technologies Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Atmus reported Q4 2023 results, with net sales of $400 million and adjusted EPS of $0.49.

Atmus Filtration Technologies reported a 4% increase in net sales for Q4 2023, reaching $400 million. GAAP net income was $35 million, with diluted earnings per share of $0.42. Adjusted EBITDA stood at $71 million, representing a margin of 17.9%.

  • Net sales for the fourth quarter were $400 million, and $1,628 million for the full year.
  • GAAP net income reached $35 million for the fourth quarter and $171 million for the full year.
  • Diluted earnings per share were $0.42 for the fourth quarter and $2.05 for the full year.
  • Adjusted EBITDA was $71 million with a margin of 17.9% for the fourth quarter.

Headline financials

Total Revenue

$400M

No prior period
EPS (adj)

$0.49

No prior period
Adjusted EBITDA

$71M

No prior period
Adjusted EBITDA Margin

17.9%

No prior period
Cash from Operations

$42M

No prior period
Capital Expenditures

-$16.2M

No prior period
Net Income

$35M

No prior period
Operating Income

$56.2M

No prior period
Gross Profit

$106M

No prior period
R&D Expense

$9.3M

No prior period

Revenue & EPS history

Atmus · Revenue · Quarterly

$400M

Q4 2023
Beat estimate in 8 of 11 quarters(73%)
ActualEstimate

Forward guidance

The company’s guidance for year 2024 is as follows: 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

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 Q4 2023

Historical avgQ4 2023

-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

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