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iRobot (IRBT) Provides Q1 FY24 Outlook, Restates FY24 View [Yahoo! Finance]

Atmus Filtration Technologies Inc. (ATMU) 
Company Research Source: Yahoo! Finance
Concurrently, the company also provided an outlook for the first quarter of 2024 (ending Mar 30, 2024). For the first quarter of 2024, the company expects revenues in the range of $137-$142 million, indicating a year-over-year decrease of 12.8% at the midpoint. The gross margin is anticipated to be 22-23% for the quarter and the adjusted gross margin is expected to be 23-24%. iRobot expects operating income in the range of $7-$11 million while the adjusted operating loss is anticipated to be $47-$43 million. For the first quarter, IRBT expects a net loss of 22-9 cents per share. Adjusted loss is anticipated to be $2.13-$2.00 per share, indicating a year-over-year increase of 5.4% at the midpoint. For 2024, iRobot expects revenues in the range of $825-$865 million, indicating a year-over-year decrease of 5.2%. The gross margin is slated to be 31-33% for the year and the adjusted gross margin is expected to be 32-34%. The company expects operating loss in the range of $41-$29 millio Show less Read more
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