Atmus Filtration Technologies reported strong financial results for the fourth quarter and full year 2024. The company achieved net sales of $407 million for the quarter and $1.67 billion for the full year. GAAP net income was $40 million for the quarter and $186 million for the year, with diluted earnings per share of $0.48 and $2.22, respectively. Adjusted EPS was higher at $0.58 for the quarter and $2.50 for the year. Adjusted EBITDA reached $78 million for the quarter and $330 million for the year, with margins of 19.1% and 19.7%, respectively.
For 2025, Atmus expects revenue between $1.67 billion and $1.735 billion, with an adjusted EBITDA margin of 19.0% to 20.0% and adjusted EPS between $2.35 and $2.60. The company repurchased $10 million in shares under its $150 million repurchase program and paid a quarterly dividend of $0.05 per share.
Fourth-quarter sales increased 1.8% year-over-year, driven by higher volume and pricing. Gross margin was $107 million, slightly up from $106 million in the prior year, despite higher logistics and material costs. Adjusted EBITDA improved to $78 million from $71 million, and net income grew to $40 million from $35 million. Cash provided by operations was $20 million, down from $42 million in the prior year, due to separation-related expenditures from Cummins.
CEO Steph Disher emphasized Atmus' commitment to growth and shareholder value, noting the company's continued success in providing industry-leading filtration solutions and delivering strong cash returns to investors.