Company: ATMU
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001921963-25-000075
Chunk: 82

Company: Atmus Filtration Technologies Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 2
Chunk 82
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 by the end of 2025. The actual amount of the expenses and capital expenditures we will incur as a stand-alone public company may be higher, perhaps significantly, from our current estimates for a number of reasons, including, among others, the final terms we are able to negotiate with service providers, as well as additional costs we may incur that we have not currently anticipated. Additionally, the actual timing of when we incur these incremental expenses may be different, perhaps 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.

Results of Operations

Three Months Ended March 31, 2025 Compared to the Three Months Ended March 31, 2024

For the Three Months EndedMarch 31,Favorable(Unfavorable)20252024Amount%(in millions)NET SALES$416.5 $426.6 $(10.1)(2.4)%Cost of sales306.0 314.8 8.8 2.8 %GROSS MARGIN110.5 111.8 (1.3)(1.2)%OPERATING EXPENSES AND INCOMESelling, general and administrative expenses45.9 43.3 (2.6)(6.0)%Research, development and engineering expenses9.1 10.1 1.0 9.9 %Equity, royalty and interest income from investees9.2 10.4 (1.2)(11.5)%Other operating (income) expense, net(0.2)0.2 0.4 200.0 %OPERATING INCOME64.9 68.6 (3.7)(5.4)%Interest expense8.4 10.5 2.1 20.0 %Other income, net0.3 0.2 0.1 50.0 %INCOME BEFORE INCOME TAXES56.8 58.3 (1.5)(2.6)%Income tax expense12.1 12.8 0.7 5.5 %NET INCOME$44.7 $45.5 $(0.8)(1.8)%PER SHARE DATA:Basic earnings per share$0.54 $0.55 $(0.01)(1.2)%Diluted earnings