Company: ATMU
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001921963-25-000134
Chunk: 95

Company: Atmus Filtration Technologies Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 2
Chunk 95
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COME$54.8 $43.8 $11.0 25.1 %PER SHARE DATA:Basic earnings per share$0.67 $0.53 $0.14 26.4 %Diluted earnings per share$0.66 $0.52 $0.14 26.9 %

For the Three Months Ended September 30,Favorable(Unfavorable)Percent of Net sales20252024Percentage PointsGross margin28.9%27.6%1.3Selling, general and administrative expenses10.3%11.5%1.2Research, development and engineering expenses2.2%2.4%0.2

Net Sales

Net sales were $447.7 million for the three months ended September 30, 2025, an increase of $44.0 million compared to $403.7 million for the three months ended September 30, 2024. The increase in Net sales was mainly due to favorable volumes of $25.8 million, pricing of $14.9 million and favorable impacts of currency of $3.3 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 $129.4 million for the three months ended September 30, 2025, an increase of $18.1 million compared to $111.3 million for the three months ended September 30, 2024. The increase in Gross margin was mainly due to favorable pricing of $14.9 million as described above, favorable volumes of $9.0 million, favorable manufacturing and other costs of $6.2 million and a $2.5 million decrease in one-time separation costs, partially offset by unfavorable logistics costs of $14.5 million. Gross margin as a percentage of Net sales was 28.9% for the three months ended September 30, 2025, an increase of 1.3 percentage points compared to 27.6% for the three months ended September 30, 2024. The increase in Gross margin as a percentage of Net sales was primarily driven by the items noted above.

21

Selling, General and Administrative Expenses

Selling, general and administrative expenses were $45.9 million for the three months ended September 30, 2025, a decrease of $0.5 million compared to $46.4 million for the three months ended