Atmus Q2 net sales rise 4.6% to $433 million; net income $56 million
Atmus Filtration Technologies reported second-quarter 2024 results on August 2, 2024, with net sales of $433 million, up about 4.6% from $414 million, and net income of $56 million, or $0.67 per diluted share, compared with $0.55 a year earlier. The company also updated its 2024 guidance and, on July 18, 2024, declared its first quarterly cash dividend of $0.05 per share and authorized a $150 million share repurchase program, which returns capital to shareholders. Cash provided by operating activities fell to $23 million from $46 million, which the company attributed to higher working capital needs.
Key points
- Net sales of $433 million vs. $414 million a year earlier; gross margin of 30.5% vs. 27.7%
- Diluted EPS of $0.67 vs. $0.55; adjusted EPS of $0.71 vs. $0.63
- 2024 guidance: revenue of $1,625 million to $1,675 million; adjusted EPS of $2.15 to $2.40
- July 18, 2024: first quarterly dividend of $0.05 per share and a $150 million share repurchase program
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 August 02, 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.