Company: ATMU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001921963-25-000121
Chunk: 94

Company: Atmus Filtration Technologies Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 94
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 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%—

Net Sales

Net sales were $453.5 million for the three months ended June 30, 2025, an increase of $20.9 million compared to $432.6 million for the three months ended June 30, 2024. The increase in Net sales was mainly due to favorable volumes of $15.0 million and pricing of $10.2 million, offset by unfavorable impacts of currency of $4.3 million. 

Gross Margin

Gross margin was $131.0 million for the three months ended June 30, 2025, a decrease of $0.9 million compared to $131.9 million for the three months ended June 30, 2024. The decrease in Gross margin was mainly due to unfavorable logistics costs of $10.7 million, a $2.1 million increase in one-time separation costs, unfavorable manufacturing and other costs of $2.0 million and $1.5 million in unfavorable currency impacts, partially offset by favorable pricing of $10.2 million as described above, and favorable volumes of $5.2 million.