$ATMU

Atmus Filtration Technologies Inc.

CIK:0001921963|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Statement of Comprehensive Income [Abstract]
NET INCOME	$ 63.9	$ 59.9	$ 112.3	$ 104.6
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	0.6	13.1	(4.0)	18.1
Unrealized gain (loss) on derivatives	0.6	(0.4)	1.1	(0.4)
Total other comprehensive income (loss), net of tax	1.2	12.7	(2.9)	17.7
COMPREHENSIVE INCOME	$ 65.1	$ 72.6	$ 109.4	$ 122.3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
Net income	$ 112.3	$ 104.6
Adjustments to reconcile net income to operating cash flows:
Depreciation and amortization	23.3	14.6
Deferred income taxes	2.6	0.0
Equity in income of investees, net of dividends	(5.9)	(7.9)
Share-based compensation	7.1	5.3
Foreign currency remeasurement and transaction exposure	(1.9)	(3.8)
Changes in current assets and liabilities:
Trade and other receivables	(28.8)	(67.8)
Inventories	(2.1)	(10.1)
Prepaid expenses and other current assets	13.1	2.7
Accounts payable	(4.4)	38.0
Other accrued expenses	(5.6)	(4.1)
Changes in other liabilities	(7.1)	(5.8)
Other, net	13.3	7.4
Net cash provided by operating activities	115.9	73.1
CASH USED IN INVESTING ACTIVITIES
Capital expenditures	(25.6)	(24.4)
Acquisitions, net of cash acquired	(453.9)	0.0
Net cash used in investing activities	(479.5)	(24.4)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES
Long-term debt proceeds, net of financing costs paid	995.6	0.0
Payments on long-term debt	(570.0)	(7.5)
Repurchases of Common stock	(20.3)	(30.1)
Dividends paid	(9.0)	(8.3)
Withholding taxes paid on stock-based compensation	(13.3)	0.0
Common stock issued	2.4	0.0
Other, net	(0.6)	0.0
Net cash provided by (used in) financing activities	384.8	(45.9)
Effect of exchange rate changes on cash and cash equivalents	1.4	3.7
Net increase in cash and cash equivalents	22.6	6.5
Cash and cash equivalents at beginning of period	236.4	184.3
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 259.0	$ 190.8

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
ASSETS
Cash and cash equivalents	$ 259.0	$ 236.4
Trade and other receivables, net	368.0	320.1
Inventories	297.0	282.3
Prepaid expenses and other current assets	41.2	53.6
Total current assets	965.2	892.4
Property, plant and equipment, net	212.0	197.1
Investments and advances related to equity method investees	92.5	89.2
Goodwill	302.6	84.7
Intangible assets, net	209.3	0.0
Other assets	108.7	87.3
TOTAL ASSETS	1,890.3	1,350.7
LIABILITIES
Accounts payable	221.4	201.9
Accrued compensation, benefits and retirement costs	31.4	37.9
Current portion of accrued product warranty	3.7	5.4
Current maturities of long-term debt	6.3	30.0
Other accrued expenses	101.4	93.0
Total current liabilities	364.2	368.2
Long-term debt	992.0	540.0
Accrued product warranty	5.5	8.0
Other liabilities	73.8	56.0
TOTAL LIABILITIES	1,435.5	972.2
Commitments and contingencies (Note 9)
EQUITY
Common stock, $0.0001 par value (2,000,000,000 shares authorized, 83,940,943 and 83,504,555 shares issued at June 30, 2026, and December 31, 2025, respectively)	0.0	0.0
Additional paid-in capital	68.9	72.7
Retained earnings	557.9	454.6
Accumulated other comprehensive loss	(71.0)	(68.1)
Treasury stock, at cost (2,346,969 shares at June 30, 2026, and 1,995,964 at December 31, 2025)	(101.0)	(80.7)
TOTAL EQUITY	454.8	378.5
TOTAL LIABILITIES AND EQUITY	$ 1,890.3	$ 1,350.7