Company: ATMU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001921963-25-000121
Chunk: 73

Company: Atmus Filtration Technologies Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 73
---
0.6 percentage points compared to 28.4% for the six months ended June 30, 2024. The decrease in Gross margin as a percentage of Net sales was primarily due to the items noted above.

23

Selling, General and Administrative Expenses

Selling, general and administrative expenses were $92.0 million for the six months ended June 30, 2025, a decrease of $0.4 million compared to $92.4 million for the six months ended June 30, 2024. The decrease was primarily driven by lower one-time separation costs of $3.7 million, partially offset by increased people-related and consulting expenses. Selling, general and administrative expenses as a percentage of Net sales were 10.6% for the six months ended June 30, 2025, a decrease of 0.2 percentage points compared to 10.8% for the six months ended June 30, 2024. The decrease in Selling, general and administrative expenses as a percentage of Net sales was primarily driven by the items noted above.

Research, Development and Engineering Expenses

Research, development and engineering expenses were $19.8 million for the six months ended June 30, 2025, a decrease of $0.7 million compared to $20.5 million for the six months ended June 30, 2024. The decrease was primarily due to timing of engineering projects. Research, development and engineering expenses as a percentage of Net sales were 2.3% for the six months ended June 30, 2025, a decrease of 0.1 percentage points compared to 2.4% for the six months ended June 30, 2024. The decrease in Research, development and engineering expenses as a percentage of Net sales was mainly due to the items noted above.

Equity, Royalty and Interest Income from Investees

Equity, royalty and interest income from investees was $16.7 million for the six months ended June 30, 2025, a decrease of $1.9 million compared to $18.6 million for the six months ended June 30, 2024. The decrease was primarily due to lower earnings of $1.9 million from our joint ventures in India and China.

Other Operating (Income) Expense, Net

Other operating (income) expense, net was $(0.2) million for the six months ended June 30, 2025, a decrease of $1.2