Atmus Filtration Technologies Inc.

Listed Company

ATMUCIK 0001921963NYSELarge AcceleratedMotor Vehicle Parts & AccessoriesFY ends Dec 31

Period

FY 2025

Revenue

$1.76B

Net Income

$207.40M

Total Assets

$1.35B

Equity

$378.50M

Shares Out

81.51M

Op. Cash Flow

$202.70M

Business

Atmus Filtration Technologies Inc. designs, manufactures and supplies advanced filtration products for on-highway commercial vehicles and off-highway agriculture, construction, mining and power generation equipment. Its main products include fuel, lube and air filters, crankcase ventilation, hydraulic filters, coolants and other chemicals, sold primarily under the Fleetguard brand and supported by filtration media and system technologies. The company operates across first-fit OEM supply and a broad aftermarket business, supported by engineering, manufacturing and distribution capabilities. Atmus serves global markets through OEM dealers, independent distributors, retail outlets and direct distribution from its global distribution centers.

Summary from filing dated 2025-02-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
NET SALES	1,764	1,670	1,628	1,562	1,439
Cost of sales	1,266	1,208	1,195	1,203	1,090
GROSS MARGIN	498	462	433	359	349
Selling, general and administrative expenses	184	188	175	140	126
Research, development and engineering expenses	41	41	43	39	42
Equity, royalty and interest income from investees	34	34	34	28	32
Other operating expense, net	8	2	700,000	5	0
OPERATING INCOME	299	266	248	204	214
Interest expense	33	41	26	700,000	—
Other income, net	600,000	9	4	9	4
INCOME BEFORE INCOME TAXES	266	235	226	212	217
Income tax expense	59	49	55	42	47
NET INCOME	207	186	171	170	170
Weighted-average shares for basic EPS (in shares)	82	83	83	83	83
Weighted-average shares for diluted EPS (in shares)	83	84	83	83	83
Basic earnings per share (in dollars per share)	2.52	2.23	2.06	2.05	2.04
Diluted earnings per share (in dollars per share)	2.5	2.22	2.05	2.05	2.04

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	236	184	168	0
Trade and other receivables, net	320	254	247	174
Inventories	282	267	250	245
Prepaid expenses and other current assets	54	50	28	19
Total current assets	892	755	693	500
Property, plant and equipment, net	197	186	175	148
Investments and advances related to equity method investees	89	85	85	77
Goodwill	85	85	85	85
Other assets	87	80	52	57
TOTAL ASSETS	1,351	1,190	1,089	867
Accounts payable	202	193	237	146
Accrued compensation, benefits and retirement costs	38	37	42	18
Current portion of accrued product warranty	5	5	5	6
Current maturities of long-term debt	30	23	8	0
Other accrued expenses	93	87	84	79
Total current liabilities	368	345	375	331
Long-term debt	540	570	593	0
Accrued product warranty	8	7	9	10
Other liabilities	56	41	32	71
TOTAL LIABILITIES	972	963	1,008	412
Commitments and contingencies (Note 14)	—	—	—	—
Common stock, $0.0001 par value (2,000,000,000 shares authorized, 83,384,194 and 83,297,796 shares issued at September 30, 2024 and December 31, 2023, respectively)	0	0	0	0
Additional paid-in capital	73	62	50	0
Retained earnings	455	265	87	0
Accumulated other comprehensive loss	−68	−79	−56	−56
Treasury stock, at cost (1,995,964 shares at December 31, 2025 and 537,643 shares at December 31, 2024)	−81	−20	0	—
TOTAL EQUITY	379	227	81	456
TOTAL LIABILITIES AND EQUITY	1,351	1,190	1,089	867

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	30	25	22	22	22
Deferred income taxes	19	−8	−10	−13	−3
Equity in income of investees, net of dividends	−7	−3	−8	400,000	−3
Share-based compensation	12	12	7	0	—
Impairment charges - Long-lived assets	8	0	0	—	—
Foreign currency remeasurement and transaction exposure	−4	−4	−5	−2	−6
Trade and other receivables	−55	−17	−10	−18	200,000
Inventories	−7	−25	−4	−10	−44
Prepaid expenses and other current assets	−4	−20	−9	−6	10
Accounts payable	−2	−39	4	19	21
Other accrued expenses	5	−2	30	800,000	19
Changes in other liabilities	2	5	300,000	−6	3
Other, net	−3	−5	−300,000	8	−1
Net cash provided by operating activities	203	105	189	166	210
Capital expenditures	−54	−49	−46	−38	−33
Net cash used in investing activities	−54	−49	−46	−38	−33
Long-term debt proceeds	0	0	650	0	0
Payments on long-term debt	−23	−8	−50	0	0
Repurchases of Common stock	−61	−20	0	0	—
Dividends paid	−17	−8	0	0	—
Net transfers to Parent	0	0	−580	−128	−177
Other, net	−1	0	4	0	0
Net cash (used in) provided by financing activities	−102	−36	25	−128	−177
Effect of exchange rate changes on cash and cash equivalents	5	−5	0	0	—
Net increase in cash and cash equivalents	52	16	168	0	0
Non-cash settlements with Parent	0	0	29	0	0
Non-cash Capital expenditures	0	0	−2	−4	—

Filings

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