Yahoo Finance 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. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
