Atmus Filtration Technologies (US:ATMU)2025-11-07 11:47Financial Performance - Atmus reported net sales of $448 million for Q3 2025, a 10.9% increase from $404 million in Q3 2024[5] - GAAP net income for Q3 2025 was $55 million, or $0.66 diluted earnings per share, compared to $44 million, or $0.52 diluted earnings per share in Q3 2024[9] - Adjusted EBITDA for Q3 2025 was $92 million, with an adjusted EBITDA margin of 20.4%, up from $79 million and 19.6% in Q3 2024[8] - The gross margin increased to $129 million, representing 28.9% of net sales, compared to $111 million and 27.6% in the same period last year[7] - Net income for the nine months ended September 30, 2025, was $159.4 million, compared to $145.5 million for the same period in 2024, reflecting an increase of 9.9%[27] - Basic earnings per share rose to $0.67 for the three months ended September 30, 2025, compared to $0.53 in 2024, marking a growth of 26.4%[29] - Adjusted EBITDA for the three months ended September 30, 2025, was $91.5 million, up from $79.1 million in 2024, indicating a 15.3% increase[31] - The net income margin improved to 12.2% for the three months ended September 30, 2025, compared to 10.8% in 2024[31] Cash Flow and Assets - Cash provided by operating activities was $82 million in Q3 2025, compared to $71 million in Q3 2024[10] - Adjusted free cash flow was $72 million in Q3 2025, an increase from $65 million in Q3 2024[11] - Free cash flow for the three months ended September 30, 2025, was $68.9 million, compared to $54.3 million in 2024, representing a growth of 26.8%[36] - Cash and cash equivalents at the end of the period increased to $218.3 million from $196.8 million, a rise of 10.7%[27] - Total assets increased to $1,339.1 million as of September 30, 2025, up from $1,190.3 million at December 31, 2024, representing a growth of 12.5%[25] Debt and Shareholder Returns - Long-term debt decreased to $547.5 million as of September 30, 2025, from $570.0 million at December 31, 2024, a reduction of 4.4%[25] - The company repurchased $59.8 million of common stock during the nine months ended September 30, 2025, compared to $10.0 million in 2024[27] - A quarterly cash dividend of $0.055 per share was declared, marking a 10% increase from the previous quarter[3] Operational Changes - Atmus completed its operational separation from Cummins Inc., gaining full operational control over its distribution network[4] - The company raised its revenue guidance for 2025 to a range of $1,720 million to $1,745 million[6] Taxation - The effective tax rate for Q3 2025 was 23.6%[10]