Company: ATMU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001921963-25-000121
Chunk: 69

Company: Atmus Filtration Technologies Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 69
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 significantly, from our current estimates for a number of reasons, including, among others, unforeseen events that may cause delays or interruptions in our plans or our service providers’ ability to provide their services.

20

Results of Operations

Three Months Ended June 30, 2025 Compared to the Three Months Ended June 30, 2024

For the Three Months Ended June 30,Favorable(Unfavorable)20252024Amount%(in millions)NET SALES$453.5 $432.6 $20.9 4.8 %Cost of sales322.5 300.7 (21.8)(7.2)%GROSS MARGIN131.0 131.9 (0.9)(0.7)%OPERATING EXPENSES AND INCOMESelling, general and administrative expenses46.1 49.1 3.0 6.1 %Research, development and engineering expenses10.7 10.4 (0.3)(2.9)%Equity, royalty and interest income from investees7.5 8.2 (0.7)(8.5)%Other operating expense, net— 0.8 0.8 100.0 %OPERATING INCOME81.7 79.8 1.9 2.4 %Interest expense8.5 10.5 2.0 19.0 %Other income, net3.5 2.6 0.9 34.6 %INCOME BEFORE INCOME TAXES76.7 71.9 4.8 6.7 %Income tax expense16.8 15.7 (1.1)(7.0)%NET INCOME$59.9 $56.2 $3.7 6.6 %PER SHARE DATA:Basic earnings per share$0.73 $0.67 $0.06 9.0 %Diluted earnings per share$0.72 $0.67 $0.05 7.5 %

For the Three Months Ended June 30,Favorable(Unfavorable)Percent of Net sales20252024Percentage PointsGross margin28.9%30.5%(1.6)Selling, general and administrative expenses10.2%11.3%1.1Research, development and engineering expenses2.4%2.4%—