Company: ATMU
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001921963-25-000075
Chunk: 12

Company: Atmus Filtration Technologies Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 12
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IES INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

(in millions of U.S. dollars)

(Unaudited)

Common StockAdditional Paid-in CapitalRetained EarningsAccumulatedOtherComprehensiveLossTreasury StockTotal EquityThree Months Ended March 31, 2025Balances at January 01, 2025$— $61.9 $264.5 $(79.0)$(20.0)$227.4 Net income— — 44.7 — — 44.7 Other comprehensive income, net of tax— — — 5.0 — 5.0 Share-based awards— 2.3 — — — 2.3 Common stock repurchased— — — — (10.0)(10.0)Cash dividends declared ($0.05 per share)— — (4.1)— — (4.1)Balances at March 31, 2025$— $64.2 $305.1 $(74.0)$(30.0)$265.3 Three Months Ended March 31, 2024Balances at January 01, 2024$— $49.7 $87.2 $(56.2)$— $80.7 Net income— — 45.5 — — 45.5 Other comprehensive loss, net of tax— — — (6.8)— (6.8)Share-based awards— 2.4 — — — 2.4 Balances at March 31, 2024$— $52.1 $132.7 $(63.0)$— $121.8 

The accompanying notes are an integral part of the Condensed Consolidated Financial Statements.5

ATMUS FILTRATION TECHNOLOGIES INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 1. DESCRIPTION OF THE BUSINESS

Atmus Filtration Technologies Inc. (“Atmus” or the “Company”) is one of the global leaders of filtration products for on-highway commercial vehicles and off-highway agriculture, construction, mining and power generation vehicles and equipment. Atmus designs and manufactures advanced