Company: ATMU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001921963-25-000121
Chunk: 104

Company: Atmus Filtration Technologies Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 104
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0 %21.4 %20.3 %20.1 %

(a)Primarily comprised of one-time expenses related to Information Technology, warehousing, manufacturing and Human Resources separation costs.

A reconciliation of Diluted earnings per share to Adjusted earnings per share is shown in the table below:

For the Three Months Ended June 30,For the Six Months Ended June 30,2025202420252024(per share)Diluted earnings per share$0.72 $0.67 $1.26 $1.22 Plus:One-time separation costs(a)$0.03 $0.05 $0.14 $0.12 Less:Tax impact of one-time separation costs(a)$— $0.01 $0.03 $0.02 Adjusted earnings per share$0.75 $0.71 $1.37 $1.32 

(a)Primarily comprised of one-time expenses related to Information Technology, warehousing, manufacturing and Human Resources separation costs and the related tax impact of those expenses. The tax impact of one-time separation costs for the three months ended June 30, 2025 and 2024 were $0.5 million and $0.8 million, respectively, and for the six months ended June 30, 2025 and 2024 were $2.5 million and $2.1 million, respectively.

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A reconciliation of Net cash provided by operating activities to Free cash flow and Adjusted free cash flow is shown in the table below:

For the Three Months Ended June 30,For the Six Months Ended June 30,2025202420252024(in millions)Cash provided by operating activities$44.4 $22.9 $73.1 $14.7 Less:Capital expenditures$12.0 $11.6 $24.4 $22.2 Free cash flow (non-GAAP)$32.4 $11.3 $48.7 $(7.5)Plus:One-time separation capital expenditures$3.1 $4.5 $6.6 $7.3 Other one-time separation related(a)— 18.3 — 21.6 Adjusted free cash flow (non-GAAP)$35.5 $34.1 $55.3 $21.4 

(a)Primarily comprised of one-time