Company: ATMU
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001921963-25-000134
Chunk: 5

Company: Atmus Filtration Technologies Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 5
---
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 Ended September 30,For the Nine Months Ended September 30,2025202420252024NET SALES(a)$447.7 $403.7 $1,317.7 $1,262.9 Cost of sales318.3 292.4 946.8 907.9 GROSS MARGIN129.4 111.3 370.9 355.0 OPERATING EXPENSES AND INCOMESelling, general and administrative expenses45.9 46.4 137.9 138.8 Research, development and engineering expenses10.0 9.7 29.8 30.2 Equity, royalty and interest income from investees8.4 8.1 25.1 26.7 Other operating (income) expense, net— 0.1 (0.2)1.1 OPERATING INCOME81.9 63.2 228.5 211.6 Interest expense8.5 10.4 25.4 31.4 Other (expense) income, net(1.7)0.9 2.1 3.7 INCOME BEFORE INCOME TAXES71.7 53.7 205.2 183.9 Income tax expense16.9 9.9 45.8 38.4 NET INCOME$54.8 $43.8 $159.4 $145.5 PER SHARE DATA:Weighted-average shares for basic EPS82.0 83.2 82.7 83.3 Weighted-average shares for diluted EPS82.7 83.6 83.3 83.6 Basic earnings per share$0.67 $0.53 $1.93 $1.75 Diluted earnings per share$0.66 $0.52 $1.91 $1.74 

(a)Includes sales to related parties of $13.7 million and $42.2 million for the three and nine months ended September 30, 2025, respectively,