Company: ATMU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001921963-25-000121
Chunk: 97

Company: Atmus Filtration Technologies Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 97
---
, development and engineering expenses2.3%2.4%0.1

Net Sales

Net sales were $870.0 million for the six months ended June 30, 2025, an increase of $10.8 million compared to $859.2 million for the six months ended June 30, 2024. The increase in Net sales was mainly due to $15.0 million of favorable pricing impacts and higher volumes of $11.5 million, partially offset by the unfavorable impacts of currency of $15.6 million.

Gross Margin

Gross margin was $241.5 million for the six months ended June 30, 2025, a decrease of $2.2 million compared to $243.7 million for the six months ended June 30, 2024. The decrease in Gross margin was mainly due to unfavorable logistics costs of $12.9 million, $6.3 million in unfavorable currency impacts and a $5.6 million increase in one-time separation costs, partially offset by favorable pricing of $15.0 million as described above, favorable volumes of $4.0 million, a $2.3 million decrease in warranty costs and a $1.3 million decrease in manufacturing and other costs. Gross margin as a percentage of Net sales was 27.8% for the six months ended June 30, 2025, a decrease of 0.6 percentage points compared to 28.4% for the six months ended June 30, 2024. The decrease in Gross margin as a percentage of Net sales was primarily due to the items noted above.

23

Selling, General and Administrative Expenses

Selling, general and administrative expenses were $92.0 million for the six months ended June 30, 2025, a decrease of $0.4 million compared to $92.4 million for the six months ended June 30, 2024. The decrease was primarily driven by lower one-time separation costs of $3.7 million, partially offset by increased people-related and consulting expenses. Selling, general and administrative expenses as a percentage of Net sales were 10.6% for the six months ended June 30, 2025, a decrease of 0.2 percentage points compared to 10.8% for the six months ended June 30, 2024. The decrease in Selling, general and administrative expenses as a percentage of Net sales was primarily driven by the items noted above.

Research, Development and