Atmus Filtration Beats Q2 Estimates With $527.9 Million Revenue as Sales Jump 16.4%
Updated
Updated · Yahoo Finance · Aug 11
Atmus Filtration Beats Q2 Estimates With $527.9 Million Revenue as Sales Jump 16.4%
1 articles · Updated · Yahoo Finance · Aug 11
Summary
$527.9 million in Q2 revenue topped analyst estimates of $508.3 million, while adjusted EPS of $0.82 beat the $0.78 consensus.
Koch Filter integration and strong Power Solutions demand drove the outperformance, with management also citing pricing gains and supply-chain improvements.
95% of Koch transition work is complete and full integration is expected next quarter, while adjusted EBITDA reached $109.1 million and operating margin held at 18.4%.
North America stayed resilient, but Europe, Asia Pacific excluding China, India and the Middle East remained softer, with regional conflict weighing on joint-venture income and margins.
Atmus said pricing actions, Lean manufacturing and its industrial filtration platform should support further share gains even as inflation and Middle East disruption remain headwinds.