WE'RE PREPARED FOR THE WORLD AHEAD.
Clarios is leading the way in the energy transition.
Our unique total systems approach has helped make us a global leader in providing low-voltage, sustainable solutions for vehicles of today and tomorrow.
FIRST QUARTER FISCAL 2024 FINANCIAL RESULTS
On February 15, 2024, Clarios reported a strong first quarter for fiscal 2024, with double-digit revenue and EBITDA* growth vs the prior year quarter. We continue to generate strong free cash flow and deliver on our strategy to support the growing demand for more advanced batteries. Advanced battery units grew 16% year-over-year and represented 30% of our units sold during the quarter.
With our powertrain and chemistry agnostic approach and commitment to circularity, the team continues to win in low-voltage today and for the future of next generation vehicles. All while we drive margin enhancement through commercial excellence, operational efficiency and R&D effectiveness.
*Non-GAAP financial measure; see definition and reconciliation here
Clarios at a Glance
1 IN 3
Vehicles Powered by a Clarios Battery Worldwide
150MM+
Batteries Sold in FY23
100+
Countries Supplied by Our Volume Globally
UP TO 99%
of the Materials in Our Batteries can be Recovered, Recycled and Reused
Delivering superior and sustained performance.
~$10BN
FY23 REPORTED REVENUE
~$1.8BN
FY23 ADJUSTED EBITDA1
10%+
REVENUE AND EBITDA CAGR2
~$1.3BN
FY23 FREE CASH FLOW3
~70%
FREE CASH FLOW CONVERSION4
1- Adjusted EBITDA is a non-GAAP measure. For a reconciliation, refer to most recently filed S-1, filed on December 18, 2023.
2 - 2002-2023
3 - Net cash provided by operating activities – capex + cash interest
4 - (Net cash provided by operating activities – capex + cash interest)/Adjusted EBITDA