Company: ATMU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001921963-25-000121
Chunk: 9

Company: Atmus Filtration Technologies Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 9
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Item 1. Financial Statements

ATMUS FILTRATION TECHNOLOGIES INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME

(in millions of U.S. dollars, except per share data)

(Unaudited)

For the Three Months Ended June 30,For the Six Months Ended June 30,2025202420252024NET SALES(a)$453.5 $432.6 $870.0 $859.2 Cost of sales322.5 300.7 628.5 615.5 GROSS MARGIN131.0 131.9 241.5 243.7 OPERATING EXPENSES AND INCOMESelling, general and administrative expenses46.1 49.1 92.0 92.4 Research, development and engineering expenses10.7 10.4 19.8 20.5 Equity, royalty and interest income from investees7.5 8.2 16.7 18.6 Other operating (income) expense, net— 0.8 (0.2)1.0 OPERATING INCOME81.7 79.8 146.6 148.4 Interest expense8.5 10.5 16.9 21.0 Other income, net3.5 2.6 3.8 2.8 INCOME BEFORE INCOME TAXES76.7 71.9 133.5 130.2 Income tax expense16.8 15.7 28.9 28.5 NET INCOME$59.9 $56.2 $104.6 $101.7 PER SHARE DATA:Weighted-average shares for basic EPS82.5 83.4 82.6 83.4 Weighted-average shares for diluted EPS83.0 83.7 83.1 83.7 Basic earnings per share$0.73 $0.67 $1.27 $1.22 Diluted earnings per share$0.72 $0.67 $1.26 $1.22 

(a)Includes sales to related parties of $14.8 million and $28.5 million for the three and six months ended June 30, 2025, respectively, compared with $17.4 million and