Company: ATMU
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001921963-25-000134
Chunk: 33

Company: Atmus Filtration Technologies Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 33
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 of currency of $12.4 million. The favorable impact from pricing is primarily driven by normal pricing initiatives and select increases as a result of tariffs.

Gross Margin

Gross margin was $370.9 million for the nine months ended September 30, 2025, an increase of $15.9 million compared to $355.0 million for the nine months ended September 30, 2024. The increase in Gross margin was mainly due to favorable pricing of $29.9 million as described above, favorable volumes of $13.0 million and a $9.8 million decrease in manufacturing and other costs, partially offset by unfavorable logistics costs of $27.4 million, $6.2 million in unfavorable currency impacts and a $3.1 million increase in one-time separation costs. Gross margin as a percentage of Net sales was 28.1% for the nine months ended September 30, 2025, consistent with a gross margin of 28.1% for the nine months ended September 30, 2024. 

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Selling, General and Administrative Expenses

Selling, general and administrative expenses were $137.9 million for the nine months ended September 30, 2025, a decrease of $0.9 million compared to $138.8 million for the nine months ended September 30, 2024. The decrease was primarily driven by lower one-time separation costs of $6.4 million, partially offset by increased people-related and consulting expenses. Selling, general and administrative expenses as a percentage of Net sales were 10.5% for the nine months ended September 30, 2025, a decrease of 0.5 percentage points compared to 11.0% for the nine months ended September 30, 2024. The decrease in Selling, general and administrative expenses as a percentage of Net sales was primarily driven by the items noted above.

Equity, Royalty and Interest Income from Investees

Equity, royalty and interest income from investees was $25.1 million for the nine months ended September 30, 2025, a decrease of $1.6 million compared to $26.7 million for the nine months ended September 30, 2024. The decrease was primarily due to lower earnings of $1.6 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 nine months ended