Atmus Filtration Technologies, Inc. ( (ATMU) ) has released its Q3 earnings. Here is a breakdown of the information Atmus Filtration Technologies, Inc. presented to its investors.
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Atmus Filtration Technologies, Inc. is a leading company in filtration and media solutions, serving various industries including automotive, agriculture, and power generation. With over 65 years of experience, Atmus operates globally and is headquartered in Nashville, Tennessee.
In its third quarter of 2024, Atmus Filtration Technologies reported robust financial results with net sales of $404 million and a net income of $44 million. The company saw a slight increase in sales compared to the previous year, driven by higher volumes and pricing, despite facing currency challenges.
Key financial highlights for the quarter include a diluted earnings per share of $0.52, adjusted earnings per share of $0.61, and an adjusted EBITDA of $79 million, reflecting a strong margin of 19.6%. The company also generated $71 million in cash from operating activities and reported an adjusted free cash flow of $65 million. Strategic moves included a $10 million stock repurchase and a cash dividend payment.
Looking ahead, Atmus has raised its guidance for 2024, expecting revenue to range between $1,650 million to $1,675 million and adjusted earnings per share to be between $2.35 to $2.50. The company remains focused on growth and shareholder value, as emphasized by its CEO, Steph Disher, who highlighted the team’s commitment to delivering solid financial results amidst challenging market conditions.
