Atmus Q1 net sales rise 2% to $427 million, but net income falls to $46 million
Atmus reported first-quarter 2024 results with net sales up about 2% to $427 million, while net income fell to $46 million from $53 million and diluted EPS fell to $0.54 from $0.63. The company reaffirmed its full-year 2024 guidance and said Cummins completed the divestiture of its remaining Atmus shares on March 18, 2024, fully separating the two companies.
Key points
- Net sales of $427 million vs. $419 million a year earlier, driven by pricing and favorable currency, partly offset by lower volume
- Net income of $46 million and diluted EPS of $0.54, down from $53 million and $0.63; adjusted EPS of $0.60 vs. $0.67
- 2024 guidance reaffirmed: revenue of $1,610 million to $1,675 million and adjusted EPS of $2.10 to $2.35
- Operating cash flow was negative $8 million vs. positive $43 million a year earlier, mainly due to working capital and incentive payments
The filing
Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 03, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.