Atmus Filtration Technologies Reports Fourth Quarter and Full Year 2023 Results
- Strong financial performance for Q4 and full year 2023, with net sales of $400 million and $1,628 million respectively.
- GAAP net income of $35 million for Q4 and $171 million for the full year.
- Adjusted earnings per share of $0.49 for Q4 and $2.31 for the full year.
- Adjusted EBITDA margin of 17.9% for Q4 and 18.6% for the full year.
- 2024 revenue guidance of $1,610 million to $1,675 million, adjusted EBITDA margin between 18.25% and 19.25%, and adjusted earnings per share from $2.10 to $2.35.
- Positive sales growth driven by pricing increases, offset by volume decreases.
- Increase in gross margin and gross margin as a percent of net sales due to pricing improvements and favorable costs.
- Cash provided by operating activities increased to $42 million for Q4 and $189 million for the full year.
- Higher interest expense due to debt issued at IPO impacted 2023 results.
- Effective tax rate for Q4 was 26.3% and for the full year was 24.3%.
- None.
Insights
The reported financial results by Atmus Filtration Technologies Inc. indicate a positive growth trajectory, with net sales increasing both quarterly and annually. The company's ability to raise prices and manage currency impacts effectively, despite a decrease in volume, suggests strong pricing power and a robust demand for their products. The substantial improvement in gross margin percentages reflects efficient cost management, particularly in freight and commodities.
For investors, the increase in adjusted EBITDA margins is a critical indicator of operational efficiency and profitability. The company's guidance for 2024, with projected revenue and EBITDA margin increases, signals confidence in continued growth. However, the reference to higher interest expenses due to IPO-related debt raises concerns about the long-term cost of capital and its potential impact on net income.
Atmus's financial performance, particularly the 20% increase in full-year gross margin, suggests a strong competitive position in the filtration and media solutions market. The adjusted free cash flow of $152 million for the full year is a vital metric for assessing the company's financial health and its ability to invest in growth opportunities or return capital to shareholders.
Investors should note the effective tax rate of 24.3% for 2023, which is relatively stable and could influence net income. The projected adjusted EPS for 2024 indicates modest growth expectations, which may be tempered by market conditions and the company's debt servicing costs post-IPO.
The reported results and forward-looking statements must be contextualized within the broader economic environment. The increase in pricing could be partially attributed to inflationary pressures, which have been prevalent in many industries. The ability to pass on costs to customers without significant volume loss is indicative of inelastic demand for Atmus's products.
The favorable freight and commodities costs suggest that the company may be benefiting from a downturn in global commodity prices or has successfully negotiated better terms with suppliers. These factors, combined with disciplined cost management, could position Atmus favorably against competitors in a potentially challenging economic climate.
Fourth Quarter and Full Year Highlights
-
Net sales of
for the fourth quarter and$400 million full year$1,628 million -
GAAP net income of
for the fourth quarter and$35 million full year$171 million -
Diluted earnings per share of
for the fourth quarter and$0.42 full year$2.05 -
Adjusted earnings per share of
for the fourth quarter and$0.49 full year$2.31 -
Adjusted EBITDA of
and adjusted EBITDA margin of$71 million 17.9% for the fourth quarter -
Adjusted EBITDA of
and adjusted EBITDA margin of$302 million 18.6% for the full year -
Cash provided by operating activities was
for the fourth quarter and$42 million for the full year$189 million -
Adjusted free cash flow was
for the fourth quarter and$30 million for the full year$152 million
2024 Outlook
The company’s guidance for year 2024 is as follows:
-
Revenue to be in the range of
to$1,610 million $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
to$2.10 $2.35
“I am proud of the outstanding results the Atmus team has delivered for the fourth quarter and full year 2023.” said Steph Disher, Chief Executive Officer of Atmus. “We are focused on our customers and committed to disciplined execution of our growth strategy as we start the year in 2024.”
Fourth Quarter Results
For the fourth quarter of 2023, Atmus posted net sales of
Gross margin was
Adjusted EBITDA was
Net income was
Adjusted earnings per share was
The effective tax rate for the fourth quarter was
Cash provided by operating activities was
Full Year 2023 Results
For the full year 2023, Atmus posted sales of
Gross margin was
Adjusted EBITDA was
Net income was
Adjusted earnings per share was
The effective tax rate for 2023 was
Cash provided by operating activities was
Fourth Quarter and Full Year 2023 Conference Call and Webcast
Atmus will host a conference call and webcast to discuss the company's fourth quarter and full year 2023 results on Wednesday, February 14, 2024, at 10:00 a.m. CT.
A live webcast and replay of the conference call can be accessed from the Atmus investor relations website at http://investors.atmus.com.
About Atmus Filtration Technologies Inc.
Atmus Filtration Technologies Inc. is a global leader in filtration and media solutions. For more than 65 years, the company has combined its culture of innovation with a rich history of designing and manufacturing filtration solutions. With a presence on six continents, Atmus serves customers across truck, bus, agriculture, construction, mining, marine and power generation vehicle and equipment markets, along with providing comprehensive aftermarket support and solutions. Headquartered in
Forward-looking disclosure statement
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, including, without limitation, those that are based on current expectations, estimates and projections about the industries in which we operate and management’s views, plans, objectives, projections, beliefs and assumptions. Forward-looking statements may be identified by the use of words such as “anticipates,” “expects,” “forecasts,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “could,” “should,” “may” or words of similar meaning. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding the outlook for our future business and financial performance, discussions of future operations, our strategy for growth and market position. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict. If the underlying assumptions prove correct, or known or unknown risks or uncertainties materialize, our actual outcomes, results and financial condition may differ materially from what is expressed, implied or forecasted in such forward-looking statements. Risks and uncertainties include, but are not limited to, those reflected in the section titled “Risk Factors” in our final prospectus relating to our initial public offering, as filed with the Securities and Exchange Commission (the “SEC”) on May 26, 2023, relating to our Registration Statement on Form S-1, , and subsequent filings, all of which are on file with the SEC. You are cautioned not to place undue reliance on forward-looking statements. The forward-looking statements made herein are made only as of the date hereof and we undertake no obligation to publicly update or to revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Non-GAAP measures
We use non-GAAP financial information and believe it is useful to investors as it provides additional information to facilitate comparisons of historical operating results, identify trends in our underlying operating results and provide additional insight and transparency on how we evaluate our business. We use non-GAAP financial measures to budget, make operating and strategic decisions and evaluate our performance. We have detailed the non-GAAP adjustments that we make in our non-GAAP definitions below. We believe the non-GAAP measures should always be considered along with the related
Our primary non-GAAP financial measures are listed below and reflect how we evaluate our current and prior-year operating results. As new events or circumstances arise, these definitions could change. When our definitions change, we provide the updated definitions and present the related non-GAAP historical results on a comparable basis.
- “EBITDA” is defined as earnings or losses before interest expense, income taxes, depreciation and amortization and “EBITDA margin” is defined as EBITDA as a percent of net sales. We believe EBITDA and EBITDA margin are useful measures of our operating performance as they assist investors and debt holders in comparing our performance on a consistent basis without regard to financing methods, capital structure, income taxes or depreciation and amortization methods, which can vary significantly depending upon many factors. Additionally, we believe these metrics are widely used by investors, securities analysts, ratings agencies and others in our industry in evaluating performance.
- “Adjusted EBITDA” is defined as EBITDA after adding back certain one-time expenses, reflected in cost of sales and selling, general and administrative expenses, associated with becoming a standalone public company and “Adjusted EBITDA margin” is defined as Adjusted EBITDA as a percent of net sales. We believe Adjusted EBITDA and Adjusted EBITDA margin are useful measures of our operating performance as it allows investors and debt holders to compare our performance on a consistent basis without regard to one-time costs attributable to our becoming a standalone public company.
-
“Adjusted earnings per share” is defined as diluted earnings per share (the most comparable
U.S. GAAP financial measure) after adding back certain one-time expenses, reflected in cost of sales and selling, general and administrative expenses, associated with becoming a standalone public company less the related tax impact of the same one-time expenses. We believe Adjusted earnings per share provides improved comparability of underlying operating results.
- “Free cash flow” is defined as cash flows provided by (used for) operating activities less capital expenditures and “Adjusted free cash flow” is defined as Free cash flow after adding back certain one-time capital expenditures associated with becoming a standalone public company. We believe Free cash flow and Adjusted free cash flow are useful metrics used by management and investors to analyze our ability to service and repay debt and return value to shareholders.
The metrics defined above are not in accordance with, or alternatives for,
We do not consider our non-GAAP financial measures as superior to, or a substitute for, the equivalent measures calculated and presented in accordance with GAAP. Some of the limitations are: such measures do not reflect our cash expenditures, or future requirements for capital expenditures or contractual commitments; such measures do not reflect changes in, or cash requirements for, our working capital needs; such measures do not reflect the interest expense or the cash requirements necessary to service interest or principal payments on our debt; although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future and such measures do not reflect any cash requirements for such replacements; and other companies in our industry may calculate such measures differently than we do, limiting their usefulness as comparative measures. To properly and prudently evaluate our business, we encourage you to review the unaudited condensed consolidated financial statements included in our SEC filings and not rely on a single financial measure to evaluate our business.
ATMUS FILTRATION TECHNOLOGIES INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME
(in millions of (Unaudited) |
|||||||||||
|
For the Three Months Ended
|
|
For the Years Ended
|
||||||||
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
NET SALES(a) |
$ |
399.7 |
|
$ |
385.2 |
|
$ |
1,628.1 |
|
$ |
1,562.1 |
Cost of sales |
|
294.1 |
|
|
302.5 |
|
|
1,195.4 |
|
|
1,202.9 |
GROSS MARGIN |
|
105.6 |
|
|
82.7 |
|
|
432.7 |
|
|
359.2 |
OPERATING EXPENSES AND INCOME |
|
|
|
|
|
|
|
||||
Selling, general and administrative expenses |
|
48.3 |
|
|
42.4 |
|
|
174.7 |
|
|
139.7 |
Research, development and engineering expenses |
|
9.3 |
|
|
8.9 |
|
|
42.5 |
|
|
38.6 |
Equity, royalty and interest income from investees |
|
8.8 |
|
|
6.5 |
|
|
33.6 |
|
|
28.0 |
Other operating expense, net |
|
0.6 |
|
|
1.4 |
|
|
0.7 |
|
|
5.0 |
OPERATING INCOME |
|
56.2 |
|
|
36.5 |
|
|
248.4 |
|
|
203.9 |
Interest expense |
|
10.6 |
|
|
0.1 |
|
|
25.8 |
|
|
0.7 |
Other income, net |
|
1.6 |
|
|
4.9 |
|
|
3.8 |
|
|
8.8 |
INCOME BEFORE INCOME TAXES |
|
47.2 |
|
|
41.3 |
|
|
226.4 |
|
|
212.0 |
Income tax expense |
|
12.4 |
|
|
5.3 |
|
|
55.1 |
|
|
41.6 |
NET INCOME |
$ |
34.8 |
|
$ |
36.0 |
|
$ |
171.3 |
|
$ |
170.4 |
PER SHARE DATA: |
|
|
|
|
|
|
|
||||
Weighted-average shares for basic EPS |
|
83.5 |
|
|
83.3 |
|
|
83.3 |
|
|
83.3 |
Weighted-average shares for diluted EPS |
|
83.4 |
|
|
83.3 |
|
|
83.4 |
|
|
83.3 |
|
|
|
|
|
|
|
|
||||
Basic earnings per share |
$ |
0.42 |
|
$ |
0.43 |
|
$ |
2.06 |
|
$ |
2.05 |
Diluted earnings per share |
$ |
0.42 |
|
$ |
0.43 |
|
$ |
2.05 |
|
$ |
2.05 |
(a) |
Includes sales to related parties of |
ATMUS FILTRATION TECHNOLOGIES INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS
(in millions of (Unaudited) |
|||||||
|
December 31,
|
|
December 31,
|
||||
ASSETS |
|
|
|
||||
Cash and cash equivalents |
$ |
168.0 |
|
|
$ |
— |
|
Accounts and notes receivable, net |
|
|
|
||||
Trade and other receivables |
|
184.5 |
|
|
|
174.2 |
|
Related party receivables |
|
62.3 |
|
|
|
61.8 |
|
Inventories |
|
250.0 |
|
|
|
245.0 |
|
Prepaid expenses and other current assets |
|
28.2 |
|
|
|
19.3 |
|
Total current assets |
|
693.0 |
|
|
|
500.3 |
|
Property, plant and equipment, net |
|
174.6 |
|
|
|
148.4 |
|
Investments and advances related to equity method investees |
|
84.8 |
|
|
|
77.0 |
|
Goodwill |
|
84.7 |
|
|
|
84.7 |
|
Other assets |
|
51.5 |
|
|
|
57.0 |
|
TOTAL ASSETS |
$ |
1,088.6 |
|
|
$ |
867.4 |
|
LIABILITIES |
|
|
|
||||
Accounts payable |
$ |
174.2 |
|
|
$ |
145.9 |
|
Related party payables |
|
62.4 |
|
|
|
82.0 |
|
Accrued compensation, benefits and retirement costs |
|
41.8 |
|
|
|
18.2 |
|
Current portion of accrued product warranty |
|
5.4 |
|
|
|
5.9 |
|
Current maturities of long-term debt |
|
7.5 |
|
|
|
— |
|
Other accrued expenses |
|
83.7 |
|
|
|
79.0 |
|
Total current liabilities |
|
375.0 |
|
|
|
331.0 |
|
Long-term debt |
|
592.5 |
|
|
|
— |
|
Accrued product warranty |
|
8.6 |
|
|
|
9.6 |
|
Other liabilities |
|
31.8 |
|
|
|
71.2 |
|
TOTAL LIABILITIES |
|
1,007.9 |
|
|
|
411.8 |
|
Commitments and contingencies (Note 14) |
|
|
|
||||
EQUITY |
|
|
|
||||
Common stock, and 83,297,796 shares issued at December 31, 2023) |
|
— |
|
|
|
— |
|
Net parent investment |
|
— |
|
|
|
511.4 |
|
Additional paid-in capital |
|
49.7 |
|
|
|
— |
|
Retained earnings |
|
87.2 |
|
|
|
— |
|
Accumulated other comprehensive loss |
|
(56.2 |
) |
|
|
(55.8 |
) |
TOTAL EQUITY |
|
80.7 |
|
|
|
455.6 |
|
TOTAL LIABILITIES AND EQUITY |
$ |
1,088.6 |
|
|
$ |
867.4 |
|
ATMUS FILTRATION TECHNOLOGIES INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS
(in millions of (Unaudited) |
|||||||
|
For the Years Ended
|
||||||
|
|
2023 |
|
|
|
2022 |
|
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES |
|
|
|
||||
Net income |
$ |
171.3 |
|
|
$ |
170.4 |
|
Adjustments to reconcile net income to operating cash flows: |
|
|
|
||||
Depreciation and amortization |
|
21.5 |
|
|
|
21.6 |
|
Deferred income taxes |
|
(10.0 |
) |
|
|
(12.7 |
) |
Equity in income of investees, net of dividends |
|
(7.8 |
) |
|
|
0.4 |
|
Foreign currency remeasurement and transaction exposure |
|
(4.5 |
) |
|
|
(1.9 |
) |
Changes in current assets and liabilities: |
|
|
|
||||
Trade and other receivables |
|
(9.4 |
) |
|
|
(15.6 |
) |
Related party receivables |
|
(0.7 |
) |
|
|
(2.7 |
) |
Inventories |
|
(4.3 |
) |
|
|
(9.7 |
) |
Prepaid expenses and other current assets |
|
(8.9 |
) |
|
|
(6.1 |
) |
Accounts payable |
|
24.1 |
|
|
|
12.6 |
|
Related party payables |
|
(19.7 |
) |
|
|
5.9 |
|
Other accrued expenses |
|
30.2 |
|
|
|
0.8 |
|
Changes in other liabilities |
|
0.3 |
|
|
|
(5.7 |
) |
Other, net |
|
6.9 |
|
|
|
8.4 |
|
Net cash provided by operating activities |
|
189.0 |
|
|
|
165.7 |
|
CASH USED IN INVESTING ACTIVITIES |
|
|
|
||||
Capital expenditures |
|
(45.8 |
) |
|
|
(37.5 |
) |
Net cash used in investing activities |
|
(45.8 |
) |
|
|
(37.5 |
) |
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES |
|
|
|
||||
Long-term debt proceeds |
|
650.0 |
|
|
|
— |
|
Payments on long-term debt |
|
(50.0 |
) |
|
|
— |
|
Net transfers to Parent |
|
(579.5 |
) |
|
|
(128.2 |
) |
Other, net |
|
4.3 |
|
|
|
— |
|
Net cash provided by (used in) financing activities |
|
24.8 |
|
|
|
(128.2 |
) |
Net increase in cash and cash equivalents |
|
168.0 |
|
|
|
— |
|
Cash and cash equivalents at beginning of period |
|
— |
|
|
|
— |
|
CASH AND CASH EQUIVALENTS AT END OF PERIOD |
$ |
168.0 |
|
|
$ |
— |
|
|
|
|
|
||||
SUPPLEMENTAL CASH FLOW INFORMATION: |
|
|
|
||||
Non-cash investing and financing activities: |
|
|
|
||||
Non-cash settlements with Parent |
$ |
29.4 |
|
|
$ |
— |
|
Non-cash Capital expenditures |
$ |
(1.5 |
) |
|
$ |
(4.1 |
) |
ATMUS FILTRATION TECHNOLOGIES INC. AND SUBSIDIARIES EARNINGS PER SHARE - RECONCILIATION
(in millions of (Unaudited) |
|||||||||||
|
For the Three Months Ended December 31, |
|
For the Years Ended December 31, |
||||||||
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
(in millions, except per share data) |
||||||||||
Net income |
$ |
34.8 |
|
$ |
36.0 |
|
$ |
171.3 |
|
$ |
170.4 |
Weighted-average shares for basic EPS |
|
83.3 |
|
|
83.3 |
|
|
83.3 |
|
|
83.3 |
Plus incremental shares from assumed conversions of long-term incentive plan shares |
|
0.2 |
|
|
— |
|
|
0.1 |
|
|
— |
Weighted-average shares for diluted EPS |
|
83.5 |
|
|
83.3 |
|
|
83.4 |
|
|
83.3 |
Basic earnings per share |
$ |
0.42 |
|
$ |
0.43 |
|
$ |
2.06 |
|
$ |
2.05 |
Diluted earnings per share |
$ |
0.42 |
|
$ |
0.43 |
|
$ |
2.05 |
|
$ |
2.05 |
ATMUS FILTRATION TECHNOLOGIES INC. AND SUBSIDIARIES NET INCOME TO EBITDA AND ADJUSTED EBITDA - RECONCILIATION
(in millions of (Unaudited) |
|||||||||||||||
|
For the Three Months Ended
|
|
For the Years Ended
|
||||||||||||
|
|
2023 |
|
|
|
2022 |
|
|
|
2023 |
|
|
|
2022 |
|
|
(in millions) |
||||||||||||||
NET INCOME |
$ |
34.8 |
|
|
$ |
36.0 |
|
|
$ |
171.3 |
|
|
$ |
170.4 |
|
Plus: |
|
|
$ |
— |
|
|
|
|
|
||||||
Interest expense |
|
10.6 |
|
|
|
0.1 |
|
|
|
25.8 |
|
|
|
0.7 |
|
Income tax expense |
|
12.4 |
|
|
|
5.3 |
|
|
|
55.1 |
|
|
|
41.6 |
|
Depreciation and amortization |
|
5.4 |
|
|
|
5.5 |
|
|
|
21.5 |
|
|
|
21.6 |
|
EBITDA (non-GAAP) |
$ |
63.2 |
|
|
$ |
46.9 |
|
|
$ |
273.7 |
|
|
$ |
234.3 |
|
Plus: |
|
|
|
|
|
|
|
||||||||
One-time separation costs(a) |
$ |
8.2 |
|
|
$ |
6.5 |
|
|
$ |
28.6 |
|
|
$ |
9.0 |
|
Adjusted EBITDA (non-GAAP) |
$ |
71.4 |
|
|
$ |
53.4 |
|
|
$ |
302.3 |
|
|
$ |
243.3 |
|
Net sales |
$ |
399.7 |
|
|
$ |
385.2 |
|
|
$ |
1,628.1 |
|
|
$ |
1,562.1 |
|
Net income margin |
|
8.7 |
% |
|
|
9.3 |
% |
|
|
10.5 |
% |
|
|
10.9 |
% |
EBITDA margin (non-GAAP) |
|
15.8 |
% |
|
|
12.2 |
% |
|
|
16.8 |
% |
|
|
15.0 |
% |
Adjusted EBITDA margin (non-GAAP) |
|
17.9 |
% |
|
|
13.9 |
% |
|
|
18.6 |
% |
|
|
15.6 |
% |
(a) | Primarily comprised of one-time expenses related to information technology, warehousing and human resources separation costs. |
ATMUS FILTRATION TECHNOLOGIES INC. AND SUBSIDIARIES DILUTED EARNINGS PER SHARE TO ADJUSTED EARNINGS PER SHARE - RECONCILIATION (per share) (Unaudited) |
|||||||||||
|
For the Three Months Ended
|
|
For the Years Ended
|
||||||||
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
(per share) |
||||||||||
Diluted earnings per share |
$ |
0.42 |
|
$ |
0.43 |
|
$ |
2.05 |
|
$ |
2.05 |
Plus: |
|
|
|
|
|
|
|
||||
One-time separation costs(a) |
$ |
0.10 |
|
$ |
0.07 |
|
$ |
0.34 |
|
$ |
0.11 |
Less: |
|
|
|
|
|
|
|
||||
Tax impact of one-time separation costs(a) |
$ |
0.03 |
|
$ |
0.01 |
|
$ |
0.08 |
|
$ |
0.02 |
Adjusted earnings per share (non-GAAP) |
$ |
0.49 |
|
$ |
0.49 |
|
$ |
2.31 |
|
$ |
2.13 |
(a) |
Primarily comprised of one-time expenses related to information technology, warehousing and human resources separation costs and the related tax impact of those expenses. The tax impact of one-time separation costs for the years ended December 31, 2023, and 2022 were |
ATMUS FILTRATION TECHNOLOGIES INC. AND SUBSIDIARIES CASH FLOWS FROM OPERATING ACTIVITIES TO FREE CASH FLOW AND ADJUSTED FREE CASH FLOW - RECONCILIATION
(in millions of (Unaudited) |
|||||||||||
|
For the Three Months Ended December 31, |
|
For the Years Ended December 31, |
||||||||
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
(in millions) |
||||||||||
Cash provided by operating activities |
$ |
41.7 |
|
$ |
77.8 |
|
$ |
189.0 |
|
$ |
165.7 |
Less: |
|
|
|
|
|
|
|
||||
Capital expenditures |
$ |
16.2 |
|
$ |
15.1 |
|
$ |
45.8 |
|
$ |
37.5 |
Free cash flow (non-GAAP) |
$ |
25.5 |
|
$ |
62.7 |
|
$ |
143.2 |
|
$ |
128.2 |
Plus: |
|
|
|
|
|
|
|
||||
One-time separation capital expenditures |
$ |
4.4 |
|
$ |
0.5 |
|
$ |
9.2 |
|
$ |
0.5 |
Adjusted free cash flow (non-GAAP) |
$ |
29.9 |
|
$ |
63.2 |
|
$ |
152.4 |
|
$ |
128.7 |
View source version on businesswire.com: https://www.businesswire.com/news/home/20240213731040/en/
Investor relations:
Todd Chirillo
investor.relations@atmus.com
Media relations:
Keri Moenssen
media.inquiries@atmus.com
Source: Atmus Filtration Technologies Inc.
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