Company: ATMU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001921963-25-000121
Chunk: 36

Company: Atmus Filtration Technologies Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 36
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INCOME BEFORE INCOME TAXES133.5 130.2 3.3 2.5 %Income tax expense28.9 28.5 (0.4)(1.4)%NET INCOME$104.6 $101.7 $2.9 2.9 %PER SHARE DATA:Basic earnings per share$1.27 $1.22 $0.05 4.1 %Diluted earnings per share$1.26 $1.22 $0.04 3.3 %

For the Six Months Ended June 30,Favorable(Unfavorable)Percent of Net sales20252024Percentage PointsGross margin27.8%28.4%(0.6)Selling, general and administrative expenses10.6%10.8%0.2Research, 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.

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