Company: ATMU
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001921963-25-000134
Chunk: 104

Company: Atmus Filtration Technologies Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 2
Chunk 104
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 the future and such measures do not reflect any cash requirements for such replacements; and

•other companies in our industry may calculate such measures differently than we do, limiting their usefulness as comparative measures.

To properly and prudently evaluate our business, 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.

27

 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