Company: ATMU
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001921963-25-000075
Chunk: 9

Company: Atmus Filtration Technologies Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 9
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Item 1. Financial Statements

ATMUS FILTRATION TECHNOLOGIES INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME

(in millions of U.S. dollars, except per share data)

(Unaudited)

For the Three Months EndedMarch 31,20252024NET SALES(a)$416.5 $426.6 Cost of sales306.0 314.8 GROSS MARGIN110.5 111.8 OPERATING EXPENSES AND INCOMESelling, general and administrative expenses45.9 43.3 Research, development and engineering expenses9.1 10.1 Equity, royalty and interest income from investees9.2 10.4 Other operating (income) expense, net(0.2)0.2 OPERATING INCOME64.9 68.6 Interest expense8.4 10.5 Other income, net0.3 0.2 INCOME BEFORE INCOME TAXES56.8 58.3 Income tax expense12.1 12.8 NET INCOME$44.7 $45.5 PER SHARE DATA:Weighted-average shares for basic EPS82.8 83.3 Weighted-average shares for diluted EPS83.2 83.6 Basic earnings per share$0.54 $0.55 Diluted earnings per share$0.54 $0.54 

(a)Includes sales to related parties of $13.7 million for the three months ended March 31, 2025, compared with $82.3 million for the three months ended March 31, 2024.

The accompanying notes are an integral part of the Condensed Consolidated Financial Statements.1

Table of Contents

ATMUS FILTRATION TECHNOLOGIES INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in millions of U.S. dollars)

(Unaudited)

For the Three Months Ended March 31,20252024NET INCOME$44.7 $45.5 Other comprehensive income (loss), net of taxForeign currency translation adjustments5.0 (6.8)Total other comprehensive income (loss), net of tax5.0 (6.8)COMPREHENSIVE INCOME$49.7 $38.7