Atmus Filtration Technologies First Quarter 2024 Earnings: Beats Expectations

Atmus Filtration Technologies (NYSE:ATMU) First Quarter 2024 Results

Key Financial Results

• Revenue: US$426.6m (up 1.9% from 1Q 2023).
• Net income: US$45.5m (down 14% from 1Q 2023).
• Profit margin: 11% (down from 13% in 1Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.55.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Atmus Filtration Technologies Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.4%.

Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are down 9.1% from a week ago.

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Atmus Filtration Technologies could be a good place to look. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.

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