Company: ATMU
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001921963-25-000134
Chunk: 80

Company: Atmus Filtration Technologies Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 80
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, we encourage you to review the unaudited condensed consolidated financial statements included elsewhere in this report and not rely on a single financial measure to evaluate our business.

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 A reconciliation of Net income to EBITDA and Adjusted EBITDA is shown in the table below:

For the Three Months Ended September 30,For the Nine Months Ended September 30,2025202420252024(in millions)NET INCOME$54.8 $43.8 $159.4 $145.5 Plus:Interest expense8.5 10.4 25.4 31.4 Income tax expense16.9 9.9 45.8 38.4 Depreciation and amortization7.6 6.1 22.2 17.8 EBITDA (non-GAAP)$87.8 $70.2 $252.8 $233.1 Plus:One-time separation costs(a)$3.7 $8.9 $15.5 $18.7 Adjusted EBITDA (non-GAAP)$91.5 $79.1 $268.3 $251.8 Net sales$447.7 $403.7 $1,317.7 $1,262.9 Net income margin12.2 %10.8 %12.1 %11.5 %EBITDA margin (non-GAAP)19.6 %17.4 %19.2 %18.5 %Adjusted EBITDA margin (non-GAAP)20.4 %19.6 %20.4 %19.9 %

(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 September 30,For the Nine Months Ended September 30,2025202420252024(per share)Diluted earnings per share$0.66 $0.52 $1.91 $1.74 Plus:One-time separation costs(a)$0.04 $0.11 $0.17 $0.22 Less:Tax impact of one-time separation costs(a)$0.01 $0.02 $0.04 $0.04