Atmus Filtration Technologies Inc. · NYSE:ATMU
Atmus Filtration Technologies — Q4 2024 Earnings Presentation
17 slides from Atmus Filtration Technologies's earnings presentation, Feb 21, 2025
Slide 1: Fourth Quarter and Full Year 2024 Earnings Call
Fourth Quarter and Full Year 2024 Earnings Call February 21, 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, including, without limitation, those that are based on current expectations, estimates and projecti
Slide 3: Steph Disher and Jack Kienzler
Steph Disher Chief Executive Officer Jack Kienzler Chief Financial Officer | 3
Slide 4: Fourth quarter and full year 2024 financial highlights
Fourth quarter and full year 2024 Financial highlights1 Q4 | full year $407 | $1,670 $28 | $115 Sales ($ millions) Adj. FCF ($ millions) 19.1% | 19.7% $0.58 | $2.50 Adj. EBITDA Margin Adj. EPS 1. For the 3 months and 12 months ended December 31, 2024 respectively GAAP net income was $40 million and
Slide 5: An unforgettable year for Atmus
An unforgettable year for Atmus | 5
Slide 6: Fourth quarter company results
Fourth quarter company results Three months ended December 31, 2024 2023 Sales $407 $400 Gross margin $107 $106 Gross margin % 26.3% 26.4% Selling, General & Research (SAR) $59 $58 SAR % 14.6% 14.4% Joint venture / other income $12 $10 Adj. EBITDA1 $78 $71 Adj. EBITDA margin % 19.1% 17.9% Net Income
Slide 7: Full year company results
Full year company results Twelve months ended December 31, 2024 2023 Sales $1,670 $1,628 Gross margin $462 $433 Gross margin % 27.7% 26.6% Selling, General & Research (SAR) $228 $217 SAR % 13.7% 13.3% Joint venture / other income $42 $37 Adj. EBITDA1 $330 $302 Adj. EBITDA margin % 19.7% 18.6% Net In
Slide 8: Strong balance sheet and capital return
Strong balance sheet and capital return Share repurchases initiated in 2024 • $0.05 share Cash Strong Balance Sheet • Consistent long-term capital return to Dividend to Drive Growth shareholders • $115M TTM1 Adj. Free Cash Flow • $10M of share repurchases in Q4 2024 • $584M Liquidity2 Share • $20M o
Slide 9: 2025 outlook
2025 outlook Measure FY 2025 Outlook Sales ($ millions) $1,670 - $1,735 Adj. EBITDA margin%1 19.0% - 20.0% Additional Planning Assumptions Adj. earnings per share1 $2.35 - $2.60 Joint venture income $32 - $37 Effective tax rate 22% - 24% Interest expense $30 - $35 Depreciation & amortization ~$30 Ca
Slide 10: Q&A
“@ Atmus QtA
Slide 11: Non-GAAP Financial Measures
Non-GAAP Financial Measures
Slide 12: Non-GAAP financial information definitions
Non-GAAP Financial Measures We use non-GAAP financial information and believe it is useful to investors as it provides additional information to facilitate comparisons of historical operating results, identify trends in our underlying operating results and provide additional insight and transparency
Slide 13: EBITDA and Adjusted EBITDA Reconciliations
Non-GAAP Financial Measures EBITDA and Adjusted EBITDA Reconciliations ($ millions) For the Three Months Ended For the Twelve Months Ended December 31, December 31, 2024 2023 2024 2023 2022 NET INCOME $ 40 $ 35 $ 186 $ 171 $ 170 Plus: Interest expense 9 11 41 26 1 Income tax expense 11 12 49 55 42 D
Slide 14: EBITDA and Adjusted EBITDA Reconciliations and Net Debt
Non-GAAP Financial Measures EBITDA and Adjusted EBITDA Reconciliations and Net Debt ($ millions) Trailing Twelve Months Dec 31, 2024 NET INCOME $ 186 Plus: Interest expense 41 Income tax expense 49 Depreciation and amortization 25 EBITDA $ 300 Plus: One-time restructuring costs $ 4 One-time separati
Slide 15: Adjusted EPS Reconciliation
Non-GAAP Financial Measures Adjusted EPS Reconciliation ($ per share) For the Three Months Ended For the Twelve Months Ended December 31, December 31, 2024 2023 2023 2022 Diluted earnings per share $ 0.48 $ 0.42 $ 2.22 $ 2.05 Plus: One-time restructuring costs $ 0.05 $ - $ 0.05 $ - (a) One-time sepa
Slide 16: Free Cash Flow and Adjusted Free Cash Flow Reconciliations
Non-GAAP Financial Measures Free Cash Flow and Adjusted Free Cash Flow Reconciliations ($ millions) For the Three Months Ended For the Twelve Months Ended December 31, December 31, 2024 2023 2024 2023 Cash provided by operating activities $ 20 $ 42 $ 105 $ 189 Less: Capital expenditures $ 10 $ 16 $
Slide 17: Atmus
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