Company: ATMU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001921963-25-000121
Chunk: 100

Company: Atmus Filtration Technologies Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 100
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, 2024. The increase was driven primarily by lower working capital requirements of $50.4 million. During the six months ended June 30, 2025, lower working capital requirements resulted in a cash outflow of $41.3 million compared to a cash outflow of $91.7 million for the six months ended June 30, 2024, mainly due to higher trade payables, lower inventory and lower prepaids, partially offset by higher trade receivables.

Dividends received from our unconsolidated equity investees were $5.7 million and $9.6 million for the six months ended June 30, 2025 and June 30, 2024, respectively.

Investing Cash Flow

Net cash used in investing activities for the six months ended June 30, 2025 and June 30, 2024 was primarily used for capital expenditures. Our capital expenditures were $24.4 million (of which approximately $6.6 million related to one-time separation capital expenditures) and $22.2 million (of which approximately $7.3 million related to one-time separation capital expenditures) for the six months ended June 30, 2025 and June 30, 2024, respectively, corresponding to approximately 2.8% and 2.6% of Net sales for the six months ended June 30, 2025 and June 30, 2024, respectively.

Financing Cash Flow

Net cash used in financing activities for the six months ended June 30, 2025 was $45.9 million compared to $0.0 million for the six months ended June 30, 2024. Net cash used in financing activities for the six months ended June 30, 2025 consisted primarily of repurchases of common stock, dividends paid and payments made on our term loan. 

Dividends

We paid dividends of $8.3 million in the first six months of 2025 and none in the first six months of 2024. The first quarter 2025 dividend of $0.05 per share, declared on February 19, 2025 for shareholders of record as of March 4, 2025, was paid on March 19, 2025. The second quarter of 2025 dividend of $0.05 per share, declared on May 21, 2025 for shareholders of record as of June 3, 2025, was