US Market News
1月前
Atmus Filtration Technologies Reports First Quarter 2026 ResultsMay 1, 2026 6:45 AM
Business Wire
Atmus Filtration Technologies Inc. (Atmus; NYSE: ATMU), a global leader in filtration and media solutions, today reported financial results for its first quarter that ended March 31, 2026.
First Quarter Highlights
Net sales of $478 million
Power Solutions segment net sales of $439 million
Industrial Solutions segment net sales of $38 million
GAAP net income of $48 million
Diluted earnings per share of $0.59
Adjusted earnings per share of $0.69
Adjusted EBITDA of $95 million and Adjusted EBITDA margin of 19.8%
Power Solutions Segment Adjusted EBITDA of $86 million and Adjusted EBITDA margin of 19.6%
Industrial Solutions Segment Adjusted EBITDA of $8 million and Adjusted EBITDA margin of 21.9%
Cash provided by operating activities was $38 million
Adjusted free cash flow was $33 million
Atmus completed the acquisition of Koch Filter Corporation (“Koch Filter”) on January 7, 2026. The portfolio addition established Atmus’ Industrial Solutions segment, where Koch Filter results are reported. With the acquisition, Atmus reports on two business segments: Power Solutions, which serves global on- and off-highway equipment markets through its Fleetguard® brand; and Industrial Solutions, which addresses commercial and industrial HVAC applications, and high-growth end markets including data centers and power generation environments through its Koch Filter® brand.
2026 Outlook
The company is reaffirming guidance for the full year 2026 as follows:
Total company Net sales to be in the range of $1,945 million to $2,015 million
Power Solutions segment expected to be in the range of $1,790 million to $1,850 million
Industrial Solutions segment expected to be in the range of $155 million to $165 million
Adjusted EBITDA margin to be in the range of 19.5% to 20.5%
Adjusted earnings per share in the range of $2.75 to $3.00
During the quarter, Atmus repurchased $7 million of common stock under the $150 million share repurchase program authorized by the Board of Directors in July 2024. As of March 31, 2026, $62 million was remaining under the authorization. Additionally, Atmus paid a quarterly cash dividend of $0.055 per share of common stock.
“The Atmus team delivered strong financial results while simultaneously integrating Koch Filter to unlock growth for our Industrial Solutions business segment,” said Steph Disher, Chief Executive Officer of Atmus. “I continue to be inspired by our people’s ability to navigate uncertain markets and execute our four-pillar growth strategy to deliver long-term shareholder value.”
First Quarter Results
For the first quarter of 2026, Atmus posted net sales of $478 million, compared to $417 million in the first quarter of 2025, an increase of 14.6%. The increase in sales was primarily driven by the acquisition of Koch Filter, the favorable impacts of currency and increases in pricing, partially offset by lower volumes.
Gross margin was $137 million, compared to $111 million in the first quarter of 2025. Gross margin as a percent of net sales was 28.6% compared to 26.5% in the same period last year. The increase in Gross margin was primarily due to incremental margin from the acquisition of Koch Filter, increases in pricing, lower one-time costs associated with the separation of the business from Cummins Inc. and favorable impacts of currency, partially offset by higher logistics and duties costs, lower volumes and other manufacturing costs.
Adjusted EBITDA was $95 million, compared to $82 million in the first quarter of 2025. Adjusted EBITDA margin was 19.8% compared to 19.6% in the same period last year. Adjusted EBITDA in the first quarter of 2026 excludes $6 million of acquisition costs and $1 million of one-time integration costs associated with the acquisition of Koch Filter compared to the prior year quarter which excludes $9 million of one-time costs associated with the separation of the business from Cummins.
Net income was $48 million, or $0.59 of diluted earnings per share in the first quarter of 2026, compared to $45 million, or $0.54 of diluted earnings per share in the same period last year.
Adjusted earnings per share was $0.69 in the first quarter of 2026, compared to $0.63 of Adjusted earnings per share in the same period last year.
The effective tax rate for the first quarter of 2026 was 20.9% compared to 21.3% for the same period last year.
Cash provided by operating activities was $38 million in the first quarter of 2026, compared to cash provided by operating activities of $29 million in the first quarter of 2025.
Adjusted free cash flow was $33 million in the first quarter of 2026, compared to $20 million in the first quarter of 2025. Adjusted free cash flow in the first quarter of 2026 excludes $6 million of acquisition costs and $1 million of one-time integration costs associated with the acquisition of Koch Filter. The first quarter of 2025 excludes $4 million of one-time adjustments associated with the separation of the business from Cummins.
First Quarter 2026 Conference Call and Webcast
Atmus will host a conference call and webcast to discuss the company's first quarter 2026 results on Friday, May 1, 2026, at 10:00 a.m. CT.
A live webcast and replay of the conference call can be accessed from the Atmus investor relations website at https://investors.atmus.com.
About Atmus Filtration Technologies Inc.
Atmus Filtration Technologies Inc. (Atmus; NYSE: ATMU) is a global leader in filtration and media solutions. With more than 65 years of innovation and engineering expertise to deliver high-performance filtration solutions, Atmus operates through two business segments: Power Solutions, which serves global on- and off-highway equipment markets through its trusted Fleetguard® brand; and Industrial Solutions, which addresses commercial and industrial HVAC applications, and high- growth end markets including data centers and power generation environments – through its dependable Koch Filter® brand. Headquartered in Nashville, Tenn., Atmus employs nearly 5,000 people worldwide who are committed to creating a better future by protecting what is important. Learn more at https://www.atmus.com.
Forward-looking disclosure statement
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, including, without limitation, those that are based on current expectations, estimates and projections about the industries in which we operate and management’s views, plans, objectives, projections, beliefs and assumptions. Forward-looking statements may be identified by the use of words such as “anticipates,” “expects,” “forecasts,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “could,” “should,” “may” or words of similar meaning. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding the outlook for our future business and financial performance, discussions of future operations, our strategy for growth and market position. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict. If the underlying assumptions prove inaccurate, or known or unknown risks or uncertainties materialize, our actual outcomes, results and financial condition may differ materially from what is expressed, implied or forecasted in such forward-looking statements. Risks and uncertainties include, but are not limited to, those reflected in Part I, Item 1A, “Risk Factors,” and elsewhere in our Annual Report on Form 10-K for our fiscal year ended December ‘31, 2025, in our Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2026 and also as may be described from time to time in future reports we file with the Securities and Exchange Commission (SEC). You are cautioned not to place undue reliance on forward-looking statements. The forward-looking statements made herein are made only as of the date hereof and we undertake no obligation to publicly update or to revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Non-GAAP measures
We use non-GAAP financial information and believe it is useful to investors as it provides additional information to facilitate comparisons of historical operating results, identify trends in our underlying operating results and provide additional insight and transparency on how we evaluate our business. We use non-GAAP financial measures to budget, make operating and strategic decisions and evaluate our performance. We have detailed the non-GAAP adjustments that we make in our non-GAAP definitions below. We believe the non-GAAP measures should always be considered along with the related U.S. GAAP financial measures. We have provided the reconciliations between the U.S. GAAP and non-GAAP financial measures and we also discuss our underlying U.S. GAAP results throughout our Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for our fiscal year ended December 31, 2025 and in our Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2026.
Our primary non-GAAP financial measures are listed below and reflect how we evaluate our current and prior-year operating results. As new events or circumstances arise, these definitions could change. When our definitions change, we provide the updated definitions and present the related non-GAAP historical results on a comparable basis.
“EBITDA” is defined as earnings or losses before interest expense, income taxes, depreciation and amortization and “EBITDA margin” is defined as EBITDA as a percent of Net sales. We believe EBITDA and EBITDA margin are useful measures of our operating performance as they assist investors and debt holders in comparing our performance on a consistent basis without regard to financing methods, capital structure, income taxes or depreciation and amortization methods, which can vary significantly depending upon many factors. Additionally, we believe these metrics are widely used by investors, securities analysts, ratings agencies and others in our industry in evaluating performance.
“Adjusted EBITDA” is defined as EBITDA after adding back certain one-time expenses, reflected in Cost of sales and Selling, general and administrative expenses, associated with becoming a standalone public company, transaction costs associated with the Koch Filter acquisition and costs related to the integration of Koch Filter and “Adjusted EBITDA margin” is defined as Adjusted EBITDA as a percent of Net sales. We believe Adjusted EBITDA and Adjusted EBITDA margin are useful measures of our operating performance as they allow investors and debt holders to compare our performance on a consistent basis without regard to one-time costs attributable to our becoming a standalone public company and costs associated with the acquisition and integration of Koch Filter.
“Adjusted earnings per share” is defined as diluted earnings per share (the most comparable U.S. GAAP financial measure) after adding back certain one-time expenses, reflected in Cost of sales and Selling, general and administrative expenses, associated with becoming a standalone public company, transaction costs associated with the Koch Filter acquisition, costs related to the integration of Koch Filter and amortization of the intangible assets acquired in the Koch Filter acquisition less the related tax impact of the same one-time expenses, acquisition and integration costs and amortization expense. We believe Adjusted earnings per share provides improved comparability of underlying operating results.
“Free cash flow” is defined as cash flows provided by (used for) operating activities less capital expenditures and “Adjusted free cash flow” is defined as Free cash flow after adding back certain one-time items associated with becoming a standalone public company, transaction costs associated with the Koch Filter acquisition and costs related to the integration of Koch Filter. We believe Free cash flow and Adjusted free cash flow are useful metrics used by management and investors to analyze our ability to service and repay debt and return value to shareholders.
The metrics defined above are not in accordance with, or alternatives for, U.S. GAAP financial measures and may not be consistent with measures used by other companies. It should be considered supplemental data; however, the amounts included in the EBITDA, EBITDA margin, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted earnings per share, Free cash flow and Adjusted free cash flow calculations are derived from amounts included in the consolidated statements of net income and cash flows.
We do not consider our non-GAAP financial measures as superior to, or a substitute for, the equivalent measures calculated and presented in accordance with GAAP. Some of the limitations are: such measures do not reflect our cash expenditures, or future requirements for capital expenditures or contractual commitments; such measures do not reflect changes in, or cash requirements for, our working capital needs; such measures do not reflect the interest expense or the cash requirements necessary to service interest or principal payments on our debt; although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future and such measures do not reflect any cash requirements for such replacements; and other companies in our industry may calculate such measures differently than we do, limiting their usefulness as comparative measures. To properly and prudently evaluate our business, we encourage you to review the unaudited condensed consolidated financial statements included in our SEC filings and not rely on a single financial measure to evaluate our business.
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 March 31,
2026
2025
NET SALES(a)
$
477.5
$
416.5
Cost of sales
340.7
306.0
GROSS MARGIN
136.8
110.5
OPERATING EXPENSES AND INCOME
Selling, general and administrative expenses
51.0
45.9
Research, development and engineering expenses
8.1
9.1
Equity, royalty and interest income from investees
7.6
9.2
Intangible asset amortization
2.9
—
Other operating expense (income), net
6.1
(0.2
)
OPERATING INCOME
76.3
64.9
Interest expense
14.1
8.4
Other (expense) income, net
(1.0
)
0.3
INCOME BEFORE INCOME TAXES
61.2
56.8
Income tax expense
12.8
12.1
NET INCOME
$
48.4
$
44.7
PER SHARE DATA:
Weighted-average shares for basic EPS
81.6
82.8
Weighted-average shares for diluted EPS
82.0
83.2
Basic earnings per share
$
0.59
$
0.54
Diluted earnings per share
$
0.59
$
0.54
(a)
Includes sales to related parties of $13.8 million for the three months ended March 31, 2026, compared with $13.7 million for the three months ended March 31, 2025.
ATMUS FILTRATION TECHNOLOGIES INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(in millions of U.S. dollars, except share data)
(Unaudited)
March 31,
2026
December 31,
2025
ASSETS
Cash and cash equivalents
$
209.6
$
236.4
Trade and other receivables, net
355.6
320.1
Inventories
298.7
282.3
Prepaid expenses and other current assets
47.2
53.6
Total current assets
911.1
892.4
Property, plant and equipment, net
212.6
197.1
Investments and advances related to equity method investees
92.1
89.2
Goodwill
303.9
84.7
Intangible assets, net
212.1
—
Other assets
110.0
87.3
TOTAL ASSETS
$
1,841.8
$
1,350.7
LIABILITIES
Accounts payable
$
234.1
$
201.9
Accrued compensation, benefits and retirement costs
25.2
37.9
Current portion of accrued product warranty
3.7
5.4
Current maturities of long-term debt
—
30.0
Other accrued expenses
97.6
93.0
Total current liabilities
360.6
368.2
Long-term debt
998.1
540.0
Accrued product warranty
5.6
8.0
Other liabilities
74.0
56.0
TOTAL LIABILITIES
1,438.3
972.2
Commitments and contingencies (Note 9)
EQUITY
Common stock, $0.0001 par value (2,000,000,000 shares authorized, 83,782,408 and 83,504,555 shares issued at March 31, 2026 and December 31, 2025, respectively)
—
—
Additional paid-in capital
65.1
72.7
Retained earnings
498.6
454.6
Accumulated other comprehensive loss
(72.2
)
(68.1
)
Treasury stock, at cost (2,109,980 shares at March 31, 2026 and 1,995,964 shares at December 31, 2025)
(88.0
)
(80.7
)
TOTAL EQUITY
403.5
378.5
TOTAL LIABILITIES AND EQUITY
$
1,841.8
$
1,350.7
ATMUS FILTRATION TECHNOLOGIES INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in millions of U.S. dollars)
(Unaudited)
For the Three Months Ended March 31,
2026
2025
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
Net income
$
48.4
$
44.7
Adjustments to reconcile net income to operating cash flows:
Depreciation and amortization
11.8
7.2
Deferred income taxes
1.5
(0.1
)
Equity in income of investees, net of dividends
(6.0
)
(1.9
)
Share-based compensation
3.4
2.3
Foreign currency remeasurement and transaction exposure
(3.1
)
(0.5
)
Changes in current assets and liabilities:
Trade and other receivables
(16.9
)
(24.9
)
Inventories
(4.3
)
(1.1
)
Prepaid expenses and other current assets
7.0
3.4
Accounts payable
6.8
22.5
Other accrued expenses
(15.8
)
(22.0
)
Changes in other liabilities
(5.3
)
0.2
Other, net
10.6
(1.1
)
Net cash provided by operating activities
38.1
28.7
CASH USED IN INVESTING ACTIVITIES
Capital expenditures
(12.6
)
(12.4
)
Acquisitions, net of cash acquired
(455.3
)
—
Net cash used in investing activities
(467.9
)
(12.4
)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES
Long-term debt proceeds, net of financing costs paid
995.6
—
Payments on long-term debt
(570.0
)
(3.8
)
Repurchases of Common stock
(7.3
)
(10.0
)
Dividends paid
(4.4
)
(4.1
)
Withholding taxes paid on stock-based compensation
(11.0
)
—
Other, net
(0.3
)
—
Net cash provided by (used in) financing activities
402.6
(17.9
)
Effect of exchange rate changes on cash and cash equivalents
0.4
0.6
Net decrease in cash and cash equivalents
(26.8
)
(1.0
)
Cash and cash equivalents at beginning of period
236.4
184.3
CASH AND CASH EQUIVALENTS AT END OF PERIOD
$
209.6
$
183.3
ATMUS FILTRATION TECHNOLOGIES INC. AND SUBSIDIARIES
EARNINGS PER SHARE - RECONCILIATION
(in millions of U.S. dollars, except per share data)
(Unaudited)
For the Three Months Ended March 31,
2026
2025
Net income
$
48.4
$
44.7
Weighted-average shares for basic EPS
81.6
82.8
Plus incremental shares from assumed conversions of long-term
incentive plan shares
0.4
0.4
Weighted-average shares for diluted EPS
82.0
83.2
Basic earnings per share
$
0.59
$
0.54
Diluted earnings per share
$
0.59
$
0.54
ATMUS FILTRATION TECHNOLOGIES INC. AND SUBSIDIARIES
NET INCOME TO EBITDA AND ADJUSTED EBITDA - RECONCILIATION
(in millions of U.S. dollars)
(Unaudited)
For the Three Months Ended March 31,
2026
2025
NET INCOME
$
48.4
$
44.7
Plus:
Interest expense
14.1
8.4
Income tax expense
12.8
12.1
Depreciation and amortization
11.8
7.2
EBITDA (non-GAAP)
$
87.1
$
72.4
Plus:
Acquisition costs(a)
$
6.3
$
—
One-time integration costs(a)
1.1
—
One-time separation costs(b)
—
9.3
Adjusted EBITDA (non-GAAP)
$
94.5
$
81.7
Net sales
$
477.5
$
416.5
Net income margin
10.1
%
10.7
%
EBITDA margin (non-GAAP)
18.2
%
17.4
%
Adjusted EBITDA margin (non-GAAP)
19.8
%
19.6
%
(a)
Primarily comprised of transaction costs associated to the Koch Filter acquisition and other Information Technology, Human Resources and manufacturing costs related to the integration of Koch Filter.
(b)
Primarily comprised of one-time expenses related to Information Technology, warehousing, manufacturing and Human Resources separation costs.
ATMUS FILTRATION TECHNOLOGIES INC. AND SUBSIDIARIES
DILUTED EARNINGS PER SHARE TO ADJUSTED EARNINGS PER SHARE - RECONCILIATION
(per share)
(Unaudited)
For the Three Months Ended March 31,
2026
2025
Diluted earnings per share
$
0.59
$
0.54
Plus:
Acquisition costs(a)
$
0.08
$
—
One-time integration costs(a)
0.01
—
One-time separation costs(b)
—
0.11
Intangible asset amortization(c)
0.04
—
Less:
Tax impact of acquisition costs(a)
$
0.02
$
—
Tax impact of one-time integration costs(a)
—
—
Tax impact of one-time separation costs(b)
—
0.02
Tax impact of intangible asset amortization(c)
0.01
—
Adjusted earnings per share
$
0.69
$
0.63
(a)
Primarily comprised of transaction costs associated to the Koch Filter acquisition and other Information Technology, Human Resources and manufacturing costs related to the integration of Koch Filter. The tax impact of acquisition costs and integration costs for the three months ended March 31, 2026 were $1.3 million and $0.2 million, respectively.
(b)
Primarily comprised of one-time expenses related to Information Technology, warehousing, manufacturing and Human Resources separation costs and the related tax impact of those expenses. The tax impact of one-time separation costs for the three months ended March 31, 2025 were $2.0 million.
(c)
Amortization expense of the intangible assets acquired in the Koch Filter acquisition was $2.9 million for the three months ended March 31, 2026. The tax impact of the amortization expense for the three months ended March 31, 2026 was $0.6 million.
ATMUS FILTRATION TECHNOLOGIES INC. AND SUBSIDIARIES
CASH FLOWS FROM OPERATING ACTIVITIES TO FREE CASH FLOW AND
ADJUSTED FREE CASH FLOW - RECONCILIATION
(in millions of U.S. dollars)
(Unaudited)
For the Three Months Ended March 31,
2026
2025
Cash provided by operating activities
$
38.1
$
28.7
Less:
Capital expenditures
12.6
12.4
Free cash flow (non-GAAP)
$
25.5
$
16.3
Plus:
Acquisition costs
$
6.3
$
—
One-time integration costs
1.1
—
One-time separation capital expenditures
—
3.5
Adjusted free cash flow (non-GAAP)
$
32.9
$
19.8
ATMUS FILTRATION TECHNOLOGIES INC. AND SUBSIDIARIES
SUMMARIZED SEGMENT OPERATING RESULTS AND RECONCILIATION TO
INCOME BEFORE INCOME TAXES
(in millions of U.S. dollars)
(Unaudited)
For the Three Months Ended March 31, 2026
Power
Solutions
Industrial Solutions
Total
External Sales
$
439.1
$
38.4
$
477.5
Cost of sales
312.7
27.5
Selling, general and administrative expenses
47.2
3.2
Research, development and engineering expenses
8.1
—
Equity, royalty and interest income from investees
7.6
—
Other expense (income) (a)
0.8
—
Add back: Depreciation and amortization (b)
8.2
0.7
Segment Adjusted EBITDA
$
86.1
$
8.4
$
94.5
Segment Adjusted EBITDA Margin
19.6
%
21.9
%
Reconciliation to Income before income taxes:
Corporate expenses (c)
$
7.4
Interest expenses
14.1
Depreciation and amortization
11.8
Income before income taxes
$
61.2
(a)
Other expense (income) includes Other operating expense (income), net and Other (expense) income, net from our Condensed Consolidated Statement of Net Income.
(b)
Depreciation and amortization are not considered significant segment expenses but are presented here to reconcile to Segment Adjusted EBITDA, the measure used by our CODM. The amount of depreciation and amortization disclosed by reportable segment is included within the cost of sales and selling, general and administrative expenses.
(c)
Corporate expenses include $7.4 million of costs associated with the acquisition and subsequent integration of Koch Filter.
For the Three Months Ended March 31, 2025
Power Solutions
Total
External Sales
$
416.5
$
416.5
Cost of sales
299.2
Selling, general and administrative expenses
43.4
Research, development and engineering expenses
9.1
Equity, royalty and interest income from investees
9.2
Other (income) expense (a)
(0.5
)
Add back: Depreciation and amortization (b)
7.2
Segment Adjusted EBITDA
$
81.7
$
81.7
Segment Adjusted EBITDA Margin
19.6
%
Reconciliation to Income before income taxes:
Corporate expenses (c)
$
9.3
Interest expenses
8.4
Depreciation and amortization
7.2
Income before income taxes
$
56.8
(a)
Other (income) expense includes Other operating expense (income), net and Other (expense) income, net from our Condensed Consolidated Statements of Net Income.
(b)
Depreciation and amortization are not considered significant segment expenses but are presented here to reconcile to Segment Adjusted EBITDA, the measure used by our CODM. The amount of depreciation and amortization disclosed by reportable segment is included within the cost of sales and selling, general and administrative expenses.
(c)
Corporate expenses include $9.3 million of one-time separation costs.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260501750864/en/
Media Contacts
Investor relations:
Todd Chirillo
investor.relations@atmus.com
Media relations:
Jayme Owen
media.inquiries@atmus.com
Original: Atmus Filtration Technologies Reports First Quarter 2026 Results
US Market News
2月前
Atmus inaugure un laboratoire d’essais agrandi sur son site de Quimper, en FranceMarch 31, 2026 10:24 PM
Business Wire
Cette modernisation du laboratoire témoigne de l’engagement d’Atmus en faveur de l’innovation et de ses capacités d’essais à l’échelle mondiale
Atmus Filtration Technologies Inc. (Atmus; NYSE : ATMU), un chef de file mondial en solutions et médias de filtration, a inauguré un nouveau laboratoire ultramoderne sur son site de Quimper, en France, réaffirmant ainsi son engagement à faire progresser les technologies de filtration et à réduire les délais pour ses clients.
Ce centre d’essais modernisé permettra à Atmus de renforcer son réseau mondial de laboratoires, d’offrir un service mieux adapté aux besoins de la clientèle et de répondre aux défis de l’avenir. Grâce au renforcement de ses infrastructures européennes, Atmus pourra désormais réaliser localement des essais qui nécessitaient auparavant l’intervention d’autres sites internationaux, ce qui améliorera la rapidité, la flexibilité et la coordination au sein du réseau mondial d’essais d’Atmus.
« Avec cet investissement, nous disposons désormais des capacités de test de pointe nécessaires pour accompagner nos clients aujourd’hui et dans le futur », a déclaré Lito Mendoza, directeur de l’ingénierie des opérations de laboratoire mondiales chez Atmus. « À mesure que les exigences des clients évoluent et que les environnements de fonctionnement deviennent plus exigeants, ces capacités nous permettent de valider les performances de manière plus rigoureuse – et de livrer des résultats plus rapidement, sans compromettre la qualité. »
Conçu comme un environnement moderne et spécialement aménagé, ce site offre les bases nécessaires pour développer de nouvelles capacités d’essai, notamment des essais à multiples variables qui simulent avec davantage de précision les conditions d’exploitation réelles. Grâce à cette infrastructure modernisée, Atmus peut mener des essais de validation plus complets pour répondre aux exigences des équipementiers (OEM) en matière de spécifications.
Le laboratoire de Quimper est certifié conforme aux normes IATF 16949 (Automobile) et ISO 17025 (Laboratoires). Il réalise plus de 5?000 essais de filtres par an pour les applications liées aux liquides, à l’air ou aux aérosols.
Ce site est l’un des cinq laboratoires d’essais d’Atmus à travers le monde qui fonctionnent selon le principe d’« Un laboratoire mondial », favorisant ainsi la collaboration et le partage d’expertise entre les différents sites. La réalisation des essais à proximité de la clientèle permet également de réduire les besoins en termes de transport et de déplacements entre les sites, ce qui soutient les engagements environnementaux d’Atmus en diminuant l’empreinte carbone associée. Les autres laboratoires d’Atmus sont situés à Pune, en Inde, et à Wuhan, en Chine, ainsi qu’à Cookeville, dans le Tennessee, et à Stoughton, dans le Wisconsin (États-Unis).
Atmus est reconnue pour tester ses filtres dans des conditions d’exploitation réelles, notamment les conditions de vibration, de variation thermique et de variation de pression. L’entreprise a mis au point 14 tests exclusifs qui vont au-delà des normes du secteur et adapte ses protocoles d’essai afin de répondre aux besoins spécifiques de sa clientèle. À la demande de ses principaux clients, le nouveau site permet désormais de réaliser des essais plus poussés, adaptés à leurs besoins, notamment grâce à une salle blanche dédiée conçue pour évaluer la contamination particulaire des composants et des pièces assemblées.
« Nous avons régulièrement déployé de nouvelles technologies ces dernières années, notamment des équipements d’essai spécialisés visant à répondre aux exigences des équipementiers », a déclaré Mélanie Caron, responsable du laboratoire de Quimper. « Ces locaux agrandis nous offrent l’espace et les infrastructures nécessaires pour réaliser aujourd’hui des essais plus complexes. Nous pourrons également ajouter de nouvelles capacités à l’avenir, notamment des services approfondis d’analyses de la contamination inorganique et organique, à mesure que les besoins de nos clients continueront d’évoluer. »
Le laboratoire initial de Quimper a été créé en 1981 sur le site de l’usine et du centre de distribution de la ville. Il emploie 14 techniciens de laboratoire dévoués qui participent aux activités de validation dans le cadre du développement de nouveaux produits, du suivi des produits existants et du contrôle qualité de l’usine de fabrication de Quimper.
Selon Jean-Marie Taillebeau, directeur général de la région Europe, Afrique et Moyen-Orient, ce laboratoire agrandi jouera un rôle essentiel dans le renforcement des partenariats avec les clients et dans le soutien de la stratégie de croissance à long terme d’Atmus.
« Cet investissement nous permet d’adapter nos capacités aux spécifications des équipements de nouvelle génération et de commercialiser plus rapidement de nouveaux produits », a indiqué M. Taillebeau. « Ce que nous pouvons réaliser aujourd’hui à Quimper est supérieur à ce qui était possible auparavant, et le travail effectué ici est véritablement au cœur de notre science dédiée à la protection. »
À propos d’Atmus Filtration Technologies Inc.
Atmus Filtration Technologies Inc. (Atmus ; NYSE : ATMU) est un chef de file mondial en solutions et médias de filtration. Forte de plus de 65 ans d’innovation et d’expertise en ingénierie, l’entreprise fournit des solutions de filtration hautement performantes. Elle opère à travers deux segments d’activité : Solutions d’alimentation, qui dessert les marchés mondiaux des équipements routiers et hors route par le biais de sa marque de confiance Fleetguard® ; et Solutions industrielles, qui s’adresse aux marchés finaux à forte croissance – notamment les systèmes CVC commerciaux et industriels, les centres de données et les environnements de production d’électricité – grâce à sa marque Koch Filter®. Atmus a son siège social à Nashville, dans le Tennessee, et emploie environ 5?000 personnes à l’échelle mondiale qui s’engagent à créer un avenir meilleur en protégeant ce qui est important. Pour en savoir plus, rendez-vous sur https://www.atmus.com.
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Consultez la version source sur businesswire.com : https://www.businesswire.com/news/home/20260331685250/fr/
Contacts médias
Relations avec les investisseurs :
Todd Chirillo
investor.relations@atmus.com
Relations avec les médias :
Jayme Owen
media.inquiries@atmus.com
Original: Atmus inaugure un laboratoire d’essais agrandi sur son site de Quimper, en France
US Market News
2月前
Atmus Opens Expanded Testing Laboratory at Quimper, France SiteMarch 31, 2026 6:45 AM
Business Wire
Modernized laboratory marks investment in Atmus’ innovation and global testing capabilities
Atmus Filtration Technologies Inc. (Atmus; NYSE: ATMU), a global leader in filtration and media solutions, has opened a new state-of-the-art laboratory facility at its Quimper, France, location, reinforcing the company’s commitment to advancing filtration technology and reducing testing lead times for customers.
The modernized testing facility strengthens Atmus’ global laboratory network, resulting in an experience that better supports its customers and positions the company to meet future needs. By enhancing the European infrastructure, testing that previously required support from other global sites will now be performed locally, improving speed, flexibility and coordination within Atmus’ global testing network.
“This investment ensures we have the advanced testing capabilities needed to support our customers today and into the future,” said Lito Mendoza, engineering director of global laboratory operations at Atmus. “As customer requirements evolve and operating environments become more demanding, these capabilities allow us to validate performance more rigorously – and deliver faster results without compromising quality.”
Designed as a modern, purpose-built environment, the facility provides the right foundation to enable future testing capabilities, including multivariate testing that more accurately simulates real-world operating conditions. With upgraded infrastructure, Atmus can conduct more comprehensive validation testing to meet the requirements of original equipment manufacturer (OEM) specifications.
The Quimper laboratory is certified to automotive IATF 16949 and laboratory ISO 17025 standards and conducts more than 5,000 filter tests annually, supporting both liquid and air or aerosol applications.
The facility is one of five Atmus testing laboratories worldwide that operate as “One Global Lab,” enabling collaboration and shared expertise across locations. Performing testing closer to the customer also helps reduce the need for inter-site shipping and travel, supporting Atmus’ environmental commitment by lowering associated carbon impacts. Other Atmus laboratories are located in Pune, India, and Wuhan, China, as well as Cookeville, Tenn. and Stoughton, Wisc., in the United States.
Atmus is known for testing filters under real-world operating conditions, including vibration, thermal and pressure dynamics. The company has developed 14 proprietary tests that exceed industry standards and tailors testing protocols to meet specific customer requirements. At the request of major customers, the new site now supports more advanced customer-driven testing, including a dedicated clean room designed to assess particle contamination of components and assembled parts.
“We have consistently introduced new technologies over the past several years, including specialized test equipment to meet OEM requirements,” said Mélanie Caron, laboratory manager in Quimper. “This expanded facility gives us the space and infrastructure to support more complex testing today, while also positioning us to add future capabilities, including expanded inorganic and organic contamination analysis, as customer needs continue to evolve.”
The original Quimper laboratory was established in 1981 on the Quimper plant and distribution center campus. The facility employs 14 dedicated laboratory staff members who support validation activities for new product development, current product support and quality control for the Quimper manufacturing plant.
According to Jean-Marie Taillebeau, senior director for Europe, Africa and the Middle East, the expanded laboratory plays a critical role in strengthening customer partnerships and supporting Atmus’ long-term growth strategy.
“This investment aligns our capabilities with the specifications of next-generation equipment and allows us to bring new products to market more quickly,” Taillebeau said. “What we can do in Quimper today goes beyond what was possible before, and the work done here is truly at the heart of our science that safeguards.”
About Atmus Filtration Technologies Inc.
Atmus Filtration Technologies Inc. (Atmus; NYSE: ATMU) is a global leader in filtration and media solutions. With more than 65 years of innovation and engineering expertise to deliver high-performance filtration solutions, Atmus operates through two business segments: Power Solutions, which serves global on-and-off highway equipment markets through its trusted Fleetguard® brand; and Industrial Solutions, which addresses high-growth end markets – including commercial and industrial HVAC, data centers and power generation environments – through its Koch Filter® brand. Headquartered in Nashville, Tenn., Atmus employs nearly 5,000 people worldwide who are committed to creating a better future by protecting what is important. Learn more at https://www.atmus.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260331299133/en/
Media Contacts
Investor relations:
Todd Chirillo
investor.relations@atmus.com
Media relations:
Jayme Owen
media.inquiries@atmus.com
Original: Atmus Opens Expanded Testing Laboratory at Quimper, France Site
US Market News
4月前
Atmus Filtration Technologies Reports Fourth Quarter and Full Year 2025 ResultsFebruary 13, 2026 6:44 AM
Business Wire
Atmus Filtration Technologies Inc. (Atmus; NYSE: ATMU), a global leader in filtration and media solutions, today reported financial results for its fourth quarter and full year that ended December 31, 2025.
Fourth Quarter and Full Year Highlights
Net sales of $447 million for the fourth quarter and $1,764 million for the full year
GAAP net income of $48 million for the fourth quarter and $207 million for the full year
Diluted earnings per share of $0.58 for the fourth quarter and $2.50 for the full year
Adjusted earnings per share of $0.66 for the fourth quarter and $2.73 for the full year
Adjusted EBITDA of $85 million and Adjusted EBITDA margin of 19.1% for the fourth quarter
Adjusted EBITDA of $354 million and Adjusted EBITDA margin of 20.0% for the full year
Cash provided by operating activities was $48 million for the fourth quarter and $203 million for the full year
Adjusted free cash flow was $31 million for the fourth quarter and $158 million for the full year
Atmus completed the acquisition of Koch Filter Corporation on January 7, 2026. The portfolio addition established Atmus’ Industrial Solutions segment, where Koch Filter results will be reported. With the acquisition, Atmus will report on two business segments in 2026: Power Solutions, which serves global on-and-off highway equipment markets; and Industrial Solutions, which addresses high-growth end markets – including commercial and industrial HVAC, data centers and power generation environments.
2026 Outlook
The company is providing guidance for year 2026 as follows:
Total company revenue to be in the range of $1,945 million to $2,015 million
Power Solutions segment expected to be in the range of $1,790 million to $1,850 million
Industrial Solutions segment expected to be in the range of $155 million to $165 million
Adjusted EBITDA margin to be in the range of 19.5% to 20.5%
Adjusted earnings per share in the range of $2.75 to $3.00
During 2025, Atmus returned $78 million of cash to investors consisting of $61 million of common stock repurchases and $17 million of dividends. The Board of Directors authorized a $150 million share repurchase program in July 2024. As of December 31, 2025, $69 million remained under the authorization.
“I am impressed by the Atmus team’s ability to navigate challenging global markets and deliver strong financial results while simultaneously establishing our platform into industrial filtration,” said Steph Disher, Chief Executive Officer of Atmus. “Our team continues to build long-term shareholder value through execution of our four-pillar growth strategy.”
Fourth Quarter Results
For the fourth quarter of 2025, Atmus posted net sales of $447 million, compared to $407 million in the fourth quarter of 2024, an increase of 9.8%. The increase in sales was primarily driven by increases in pricing, higher volumes and the favorable impacts of currency.
Gross margin was $127 million, compared to $107 million in the fourth quarter of 2024. Gross margin as a percentage of net sales was 28.5% compared to 26.3% in the same period last year. The increase in gross margin was primarily driven by increases in pricing and favorable volumes, partially offset by higher logistics and duties costs and other manufacturing costs.
Adjusted EBITDA was $85 million, compared to $78 million in the fourth quarter of 2024. Adjusted EBITDA margin was 19.1% compared to 19.1% in the same period last year. Adjusted EBITDA excludes $8 million of asset impairment charges on idled machinery, equipment and fixtures. Adjusted EBITDA in the fourth quarter of 2024 excludes $7 million of one-time costs associated with the separation of our business from Cummins Inc. and $4 million of one-time restructuring costs.
Net income was $48 million, or $0.58 of diluted earnings per share in the fourth quarter of 2025, compared to $40 million, or $0.48 of diluted earnings per share in the same period last year.
Adjusted earnings per share was $0.66 in the fourth quarter of 2025, compared to $0.58 of Adjusted earnings per share in the same period last year.
The effective tax rate for the fourth quarter was 21.3%.
Cash provided by operating activities was $48 million in the fourth quarter of 2025, compared to cash provided by operating activities of $20 million in the fourth quarter of 2024.
Adjusted free cash flow was $31 million in the fourth quarter of 2025, compared to $28 million in the fourth quarter of 2024. Adjusted free cash flow in the fourth quarter of 2024 excludes $3 million of one-time adjustments associated with the separation of our business from Cummins. Additionally, Adjusted free cash flow in the fourth quarter of 2024 excludes $12 million of other one-time separation expenditures primarily comprised of working capital inefficiencies associated with the move from intercompany settlement terms with Cummins to standalone practices and also excludes $4 million of one-time restructuring costs.
Full Year 2025 Results
For the full year 2025, Atmus posted sales of $1,764 million, up $95 million, or 5.7% from the prior year. The increase in sales was driven by higher volume and increases in pricing, partially offset by an unfavorable impact of currency.
Gross margin was $498 million, compared to $462 million for year 2024. Gross margin as a percentage of net sales was 28.2% compared to 27.7% in the same period last year. The increase in gross margin and gross margin as a percentage of net sales was driven by an increase in pricing, favorable volumes and lower manufacturing costs, partially offset by unfavorable logistics and duties costs and the unfavorable impact of currency.
Adjusted EBITDA was $354 million, compared to $330 million in 2024. Adjusted EBITDA margin was 20.0% compared to 19.7% in the same period last year. Adjusted EBITDA in 2025 excludes $16 million of one-time costs associated with the separation of our business from Cummins compared to the prior year which excludes $25 million of one-time costs. Additionally, Adjusted EBITDA in 2025 excludes $8 million of one-time asset impairment charges on idled machinery, equipment and fixtures. Adjusted EBITDA in 2024 excludes $4 million of one-time restructuring costs.
Net income was $207 million, or $2.50 of diluted earnings per share in 2025, compared to $186 million, or $2.22 of diluted earnings per share last year.
Adjusted earnings per share was $2.73 in 2025, compared to $2.50 of Adjusted earnings per share last year.
The effective tax rate for 2025 was 22.1%.
Cash provided by operating activities was $203 million in 2025, compared to cash provided by operating activities of $105 million in 2024.
Adjusted free cash flow was $158 million in 2025, compared to $115 million in 2024. Adjusted free cash flow in 2025 excludes $10 million of one-time capital expenditures associated with our separation from Cummins compared to $15 million in the prior year. Additionally, Adjusted free cash flow in 2024 excludes $39 million of other one-time separation expenditures primarily comprised of working capital inefficiencies associated with the move from intercompany settlement terms with Cummins to standalone practices and also excludes $4 million of one-time restructuring costs.
Fourth Quarter and Full Year 2025 Conference Call and Webcast
Atmus will host a conference call and webcast to discuss the company's fourth quarter and full year 2025 results on Friday, February 13, 2026, at 10:00 a.m. CT.
A live webcast and replay of the conference call can be accessed from the Atmus investor relations website at http://investors.atmus.com.
About Atmus Filtration Technologies Inc.
Atmus Filtration Technologies Inc. (Atmus; NYSE: ATMU) is a global leader in filtration and media solutions. With more than 65 years of innovation and engineering expertise to deliver high-performance filtration solutions, Atmus operates through two business segments: Power Solutions, which serves global on-and-off highway equipment markets through its trusted Fleetguard® brand; and Industrial Solutions, which addresses high-growth end markets – including commercial and industrial HVAC, data centers and power generation environments – through its Koch Filter® brand. Headquartered in Nashville, Tenn., Atmus employs nearly 5,000 people worldwide who are committed to creating a better future by protecting what is important. Learn more at https://www.atmus.com.
Forward-looking disclosure statement
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, including, without limitation, those that are based on current expectations, estimates and projections about the industries in which we operate and management’s views, plans, objectives, projections, beliefs and assumptions. Forward-looking statements may be identified by the use of words such as “anticipates,” “expects,” “forecasts,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “could,” “should,” “may” or words of similar meaning. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding the outlook for our future business and financial performance, discussions of future operations, our strategy for growth and market position. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict. If the underlying assumptions prove inaccurate, or known or unknown risks or uncertainties materialize, our actual outcomes, results and financial condition may differ materially from what is expressed, implied or forecasted in such forward-looking statements. Risks and uncertainties include, but are not limited to, those reflected in Part I, Item 1A, “Risk Factors,” and elsewhere in our Annual Report on Form 10-K for our fiscal year ended December 31, 2025 and also as may be described from time to time in future reports we file with the Securities and Exchange Commission (SEC). You are cautioned not to place undue reliance on forward-looking statements. The forward-looking statements made herein are made only as of the date hereof and we undertake no obligation to publicly update or to revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Non-GAAP measures
We use non-GAAP financial information and believe it is useful to investors as it provides additional information to facilitate comparisons of historical operating results, identify trends in our underlying operating results and provide additional insight and transparency on how we evaluate our business. We use non-GAAP financial measures to budget, make operating and strategic decisions and evaluate our performance. We have detailed the non-GAAP adjustments that we make in our non-GAAP definitions below. We believe the non-GAAP measures should always be considered along with the related U.S. GAAP financial measures. We have provided the reconciliations between the U.S. GAAP and non-GAAP financial measures and we also discuss our underlying U.S. GAAP results throughout our Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for our fiscal year ended December 31, 2025.
Our primary non-GAAP financial measures are listed below and reflect how we evaluate our current and prior-year operating results. As new events or circumstances arise, these definitions could change. When our definitions change, we provide the updated definitions and present the related non-GAAP historical results on a comparable basis.
“EBITDA” is defined as earnings or losses before interest expense, income taxes, depreciation and amortization and “EBITDA margin” is defined as EBITDA as a percent of net sales. We believe EBITDA and EBITDA margin are useful measures of our operating performance as they assist investors and debt holders in comparing our performance on a consistent basis without regard to financing methods, capital structure, income taxes or depreciation and amortization methods, which can vary significantly depending upon many factors. Additionally, we believe these metrics are widely used by investors, securities analysts, ratings agencies and others in our industry in evaluating performance.
“Adjusted EBITDA” is defined as EBITDA after adding back certain one-time expenses, reflected in cost of sales and selling, general and administrative expenses, associated with becoming a standalone public company, one-time restructuring and long-lived asset impairment charges and “Adjusted EBITDA margin” is defined as Adjusted EBITDA as a percent of net sales. We believe Adjusted EBITDA and Adjusted EBITDA margin are useful measures of our operating performance as it allows investors and debt holders to compare our performance on a consistent basis without regard to one-time costs attributable to our becoming a standalone public company and non-recurring long-lived asset impairment charges.
“Adjusted earnings per share” is defined as diluted earnings per share (the most comparable U.S. GAAP financial measure) after adding back certain one-time expenses, reflected in cost of sales and selling, general and administrative expenses, associated with becoming a standalone public company, one-time restructuring costs and long-lived asset impairment charges less the related tax impact of the same one-time expenses and asset impairment charges. We believe Adjusted earnings per share provides improved comparability of underlying operating results.
“Free cash flow” is defined as cash flows provided by (used for) operating activities less capital expenditures and “Adjusted free cash flow” is defined as Free cash flow after adding back certain one-time capital expenditures and other separation related costs associated with becoming a standalone public company and one-time restructuring costs. We believe Free cash flow and Adjusted free cash flow are useful metrics used by management and investors to analyze our ability to service and repay debt and return value to shareholders.
The metrics defined above are not in accordance with, or alternatives for, U.S. GAAP financial measures and may not be consistent with measures used by other companies. It should be considered supplemental data; however, the amounts included in the EBITDA, EBITDA margin, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted earnings per share, Free cash flow and Adjusted free cash flow calculations are derived from amounts included in the consolidated statements of net income and cash flows.
We do not consider our non-GAAP financial measures as superior to, or a substitute for, the equivalent measures calculated and presented in accordance with GAAP. Some of the limitations are: such measures do not reflect our cash expenditures, or future requirements for capital expenditures or contractual commitments; such measures do not reflect changes in, or cash requirements for, our working capital needs; such measures do not reflect the interest expense or the cash requirements necessary to service interest or principal payments on our debt; although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future and such measures do not reflect any cash requirements for such replacements; and other companies in our industry may calculate such measures differently than we do, limiting their usefulness as comparative measures. To properly and prudently evaluate our business, we encourage you to review the unaudited condensed consolidated financial statements included in our SEC filings and not rely on a single financial measure to evaluate our business.
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
December 31, 2025
For the Years Ended
December 31,
2025
2024
2025
2024
NET SALES(a)
$
446.6
$
406.7
$
1,764.3
$
1,669.6
Cost of sales
319.2
299.6
1,266.0
1,207.5
GROSS MARGIN
127.4
107.1
498.3
462.1
OPERATING EXPENSES AND INCOME
Selling, general and administrative expenses
46.4
48.8
184.3
187.6
Research, development and engineering expenses
10.9
10.4
40.7
40.6
Equity, royalty and interest income from investees
8.7
7.6
33.8
34.3
Other operating expense, net
8.3
0.9
8.1
2.0
OPERATING INCOME
70.5
54.6
299.0
266.2
Interest expense
8.0
9.2
33.4
40.6
Other income, net
(1.5
)
5.5
0.6
9.2
INCOME BEFORE INCOME TAXES
61.0
50.9
266.2
234.8
Income tax expense
13.0
10.8
58.8
49.2
NET INCOME
$
48.0
$
40.1
$
207.4
$
185.6
PER SHARE DATA:
Weighted-average shares for basic EPS
81.5
83.0
82.2
83.2
Weighted-average shares for diluted EPS
82.4
83.5
82.8
83.6
Basic earnings per share
$
0.59
$
0.48
$
2.52
$
2.23
Diluted earnings per share
$
0.58
$
0.48
$
2.50
$
2.22
(a)
Includes sales to related parties of $57 million and $122 million for the years ended December 31, 2025 and 2024, respectively.
ATMUS FILTRATION TECHNOLOGIES INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(in millions of U.S. dollars, except share data)
(Unaudited)
December 31,
2025
December 31,
2024
ASSETS
Cash and cash equivalents
$
236.4
$
184.3
Trade and other receivables, net
320.1
254.2
Inventories
282.3
266.6
Prepaid expenses and other current assets
53.6
49.9
Total current assets
892.4
755.0
Property, plant and equipment, net
197.1
186.2
Investments and advances related to equity method investees
89.2
84.9
Goodwill
84.7
84.7
Other assets
87.3
79.5
TOTAL ASSETS
$
1,350.7
$
1,190.3
LIABILITIES
Accounts payable
$
201.9
$
193.1
Accrued compensation, benefits and retirement costs
37.9
37.2
Current portion of accrued product warranty
5.4
4.9
Current maturities of long-term debt
30.0
22.5
Other accrued expenses
93.0
87.2
Total current liabilities
368.2
344.9
Long-term debt
540.0
570.0
Accrued product warranty
8.0
7.3
Other liabilities
56.0
40.7
TOTAL LIABILITIES
972.2
962.9
Commitments and contingencies (Note 14)
EQUITY
Common stock, $0.0001 par value (2,000,000,000 shares authorized, 83,504,555 and 83,403,813 shares issued at December 31, 2025 and December 31, 2024, respectively)
—
—
Additional paid-in capital
72.7
61.9
Retained earnings
454.6
264.5
Accumulated other comprehensive loss
(68.1
)
(79.0
)
Treasury stock, at cost (1,995,964 shares at December 31, 2025 and 1 shares at December 31, 2024)
(80.7
)
(20.0
)
TOTAL EQUITY
378.5
227.4
TOTAL LIABILITIES AND EQUITY
$
1,350.7
$
1,190.3
ATMUS FILTRATION TECHNOLOGIES INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in millions of U.S. dollars)
(Unaudited)
For the Years Ended
December 31,
2025
2024
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
Net income
$
207.4
$
185.6
Adjustments to reconcile net income to operating cash flows:
Depreciation and amortization
30.0
24.8
Deferred income taxes
18.7
(7.7
)
Equity in income of investees, net of dividends
(6.6
)
(2.5
)
Share-based compensation
12.4
11.9
Impairment charges - Long-lived assets
8.4
—
Foreign currency remeasurement and transaction exposure
(3.9
)
(3.6
)
Changes in current assets and liabilities:
Trade and other receivables
(55.2
)
(16.8
)
Inventories
(7.1
)
(25.4
)
Prepaid expenses and other current assets
(4.0
)
(20.0
)
Accounts payable
(2.3
)
(39.3
)
Other accrued expenses
5.4
(1.8
)
Changes in other liabilities
2.2
5.2
Other, net
(2.7
)
(5.0
)
Net cash provided by operating activities
202.7
105.4
CASH USED IN INVESTING ACTIVITIES
Capital expenditures
(53.9
)
(48.6
)
Net cash used in investing activities
(53.9
)
(48.6
)
CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES
Payments on long-term debt
(22.5
)
(7.5
)
Repurchases of Common stock
(60.7
)
(20.0
)
Dividends paid
(17.3
)
(8.3
)
Other, net
(1.2
)
—
Net cash (used in) provided by financing activities
(101.7
)
(35.8
)
Effect of exchange rate changes on cash and cash equivalents
5.0
(4.7
)
Net increase in cash and cash equivalents
52.1
16.3
Cash and cash equivalents at beginning of period
184.3
168.0
CASH AND CASH EQUIVALENTS AT END OF PERIOD
$
236.4
$
184.3
ATMUS FILTRATION TECHNOLOGIES INC. AND SUBSIDIARIES
EARNINGS PER SHARE - RECONCILIATION
(in millions of U.S. dollars, except per share data)
(Unaudited)
For the Three Months Ended
December 31, 2024
For the Years Ended
December 31
2025
2024
2025
2024
Net income
$
48.0
$
40.1
$
207.4
$
185.6
Weighted-average shares for basic EPS
81.5
83.0
82.2
83.2
Plus incremental shares from assumed conversions of long-term incentive plan shares
0.9
0.5
0.6
0.4
Weighted-average shares for diluted EPS
82.4
83.5
82.8
83.6
Basic earnings per share
$
0.59
$
0.48
$
2.52
$
2.23
Diluted earnings per share
$
0.58
$
0.48
$
2.50
$
2.22
ATMUS FILTRATION TECHNOLOGIES INC. AND SUBSIDIARIES
NET INCOME TO EBITDA AND ADJUSTED EBITDA - RECONCILIATION
(in millions of U.S. dollars)
(Unaudited)
For the Three Months Ended
December 31, 2025
For the Years Ended
December 31,
2025
2024
2025
2024
NET INCOME
$
48.0
$
40.1
$
207.4
$
185.6
Plus:
Interest expense
8.0
9.2
33.4
40.6
Income tax expense
13.0
10.8
58.8
49.2
Depreciation and amortization
7.8
7.0
30.0
24.8
EBITDA (non-GAAP)
$
76.8
$
67.1
$
329.6
$
300.2
Plus:
Impairment charges - Long-lived assets(a)
$
8.4
$
—
$
8.4
$
—
One-time restructuring costs
—
4.1
—
4.1
One-time separation costs(b)
—
6.5
15.5
25.2
Adjusted EBITDA (non-GAAP)
$
85.2
$
77.7
$
353.5
$
329.5
Net sales
$
446.6
$
406.7
$
1,764.3
$
1,669.6
Net income margin
10.7
%
9.9
%
11.8
%
11.1
%
EBITDA margin (non-GAAP)
17.2
%
16.5
%
18.7
%
18.0
%
Adjusted EBITDA margin (non-GAAP)
19.1
%
19.1
%
20.0
%
19.7
%
(a)
During 2025, Atmus recognized fixed asset impairment charges on idled machinery, equipment and fixtures. We do not expect the idling of the assets to have a material adverse effect on our financial position, results of operations, cash flows, liquidity or capital resources.
(b)
Primarily comprised of one-time expenses related to Information Technology, warehousing, manufacturing and Human Resources separation costs.
ATMUS FILTRATION TECHNOLOGIES INC. AND SUBSIDIARIES
DILUTED EARNINGS PER SHARE TO ADJUSTED EARNINGS PER SHARE - RECONCILIATION
(per share)
(Unaudited)
For the Three Months Ended
December 31, 2025
For the Years Ended
December 31,
2025
2024
2025
2024
Diluted earnings per share
$
0.58
$
0.48
$
2.50
$
2.22
Plus:
Impairment charges - Long-lived assets(a)
$
0.10
$
—
$
0.10
$
—
One-time restructuring costs(b)
—
0.05
—
0.05
One-time separation costs(b)
—
0.08
0.19
0.30
Less:
Tax impact of impairment charges(a)
$
0.02
$
—
$
0.02
$
—
Tax impact of one-time restructuring costs(b)
—
0.01
—
0.01
Tax impact of one-time separation costs(b)
—
0.02
0.04
0.06
Adjusted earnings per share
$
0.66
$
0.58
$
2.73
$
2.50
(a)
During 2025, Atmus recognized fixed asset impairment charges on idled machinery, equipment and fixtures. The tax impact of the impairment charges for the year ended December 31, 2025 was $1.9 million.
(b)
Primarily comprised of one-time expenses related to Information Technology, warehousing, manufacturing, restructuring and Human Resources separation costs and the related tax impact of those expenses. The tax impact of one-time restructuring costs for the year ended December 31, 2024 was $0.9 million and the tax impact of one-time separation costs for the years ended December 31, 2025, 2024 and 2023 were $3.4 million, $5.3 million and $6.9 million, respectively.
ATMUS FILTRATION TECHNOLOGIES INC. AND SUBSIDIARIES
CASH FLOWS FROM OPERATING ACTIVITIES TO FREE CASH FLOW AND
ADJUSTED FREE CASH FLOW - RECONCILIATION
(in millions of U.S. dollars)
(Unaudited)
For the Three Months Ended
December 31, 2025
For the Years Ended
December 31,
2025
2024
2025
2024
Cash provided by operating activities
$
47.5
$
20.0
$
202.7
$
105.4
Less:
Capital expenditures
$
16.3
$
10.0
$
53.9
$
48.6
Free cash flow (non-GAAP)
$
31.2
$
10.0
$
148.8
$
56.8
Plus:
Employee severance costs
$
—
$
4.1
$
—
$
4.1
One-time separation capital expenditures
—
2.6
9.5
15.0
Other one-time separation related(a)
—
11.7
—
38.6
Adjusted free cash flow (non-GAAP)
$
31.2
$
28.4
$
158.3
$
114.5
(a)
Primarily comprised of one-time working capital inefficiencies associated with the move from intercompany settlement terms with Cummins to standalone practices.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260213060867/en/
Media Contacts
Investor relations:
Todd Chirillo
investor.relations@atmus.com
Media relations:
Jayme Owen
media.inquiries@atmus.com
Original: Atmus Filtration Technologies Reports Fourth Quarter and Full Year 2025 Results
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