Company: ATMU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001921963-25-000121
Chunk: 96

Company: Atmus Filtration Technologies Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 96
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 the effective tax rate was driven by a change in the mix of earnings among tax jurisdictions and discrete tax items. Our effective tax rate differs from the U.S. statutory rate primarily due to differences in rates applicable to foreign subsidiaries, withholding taxes and state income taxes.

22

Six Months Ended June 30, 2025 Compared to the Six Months Ended June 30, 2024

For the Six Months Ended June 30,Favorable(Unfavorable)20252024Amount%(in millions)NET SALES$870.0 $859.2 $10.8 1.3 %Cost of sales628.5 615.5 (13.0)(2.1)%GROSS MARGIN241.5 243.7 (2.2)(0.9)%OPERATING EXPENSES AND INCOMESelling, general and administrative expenses92.0 92.4 0.4 0.4 %Research, development and engineering expenses19.8 20.5 0.7 3.4 %Equity, royalty and interest income from investees16.7 18.6 (1.9)(10.2)%Other operating (income) expense, net(0.2)1.0 (1.2)(120.0)%OPERATING INCOME146.6 148.4 (1.8)(1.2)%Interest expense16.9 21.0 4.1 19.5 %Other income, net3.8 2.8 1.0 35.7 %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