Company: ATMU
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001921963-25-000134
Chunk: 36

Company: Atmus Filtration Technologies Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 36
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 Flow

Net cash used in investing activities for the nine months ended September 30, 2025 and September 30, 2024 was primarily used for capital expenditures. Our capital expenditures were $37.6 million (of which approximately $9.5 million related to one-time separation capital expenditures) and $38.6 million (of which approximately $12.4 million related to one-time separation capital expenditures) for the nine months ended September 30, 2025 and September 30, 2024, respectively, corresponding to approximately 2.9% and 3.1% of Net sales for the nine months ended September 30, 2025 and September 30, 2024, respectively.

Financing Cash Flow

Net cash used in financing activities for the nine months ended September 30, 2025 was $88.1 million compared to $18.0 million for the nine months ended September 30, 2024. Net cash used in financing activities for the nine months ended September 30, 2025 and September 30, 2024 consisted primarily of repurchases of common stock, payments made on our term loan and dividends paid. 

Dividends

We paid dividends of $12.7 million in the first nine months of 2025 and $4.2 million in the first nine 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 paid on June 18, 2025. 

25

The third quarter 2025 dividend of $0.055 per share, declared on August 13, 2025 for shareholders of record as of August 26, 2025, was paid on September 10, 2025. The declaration of dividends is subject to the discretion of our Board of Directors and depends on various factors, including our net earnings, financial condition, cash requirements, future prospects and other factors that our Board of Directors deems relevant to its analysis and decision making.

We anticipate that the 2025 distributions will be characterized as dividends under the U.S. federal income tax rules. The final determination will be made on