Company: ATMU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001921963-25-000121
Chunk: 103

Company: Atmus Filtration Technologies Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 103
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 flows. We do not consider our non-GAAP financial measures as superior to, or a substitute for, the equivalent measures calculated and presented in accordance with GAAP. Some of the limitations are:

•such measures do not reflect our cash expenditures, or future requirements for capital expenditures or contractual commitments;

•such measures do not reflect changes in, or cash requirements for, our working capital needs;

•such measures do not reflect the interest expense or the cash requirements necessary to service interest or principal payments on our debt;

•although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future and such measures do not reflect any cash requirements for such replacements; and

•other companies in our industry may calculate such measures differently than we do, limiting their usefulness as comparative measures.

To properly and prudently evaluate our business, we encourage you to review the unaudited condensed consolidated financial statements included elsewhere in this report and not rely on a single financial measure to evaluate our business.

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 A reconciliation of Net income to EBITDA and Adjusted EBITDA is shown in the table below:

For the Three Months Ended June 30,For the Six Months Ended June 30,2025202420252024(in millions)NET INCOME$59.9 $56.2 $104.6 $101.7 Plus:Interest expense8.5 10.5 16.9 21.0 Income tax expense16.8 15.7 28.9 28.5 Depreciation and amortization7.4 6.3 14.6 11.7 EBITDA (non-GAAP)$92.6 $88.7 $165.0 $162.9 Plus:One-time separation costs(a)$2.5 $3.8 $11.8 $9.8 Adjusted EBITDA (non-GAAP)$95.1 $92.5 $176.8 $172.7 Net sales$453.5 $432.6 $870.0 $859.2 Net income margin13.2 %13.0 %12.0 %11.8 %EBITDA margin (non-GAAP)20.4 %20.5 %19.0 %19.0 %Adjusted EBITDA margin (non-GAAP)21.