Atmus Filtration Technologies Inc
For the period ended Dec 31, 2023. Filed Feb 14, 2024.
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FY2023 · Filed Feb 14, 2024
ATMU$55.26+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Net Income
(in millions of U.S. dollars, except per share data)
| For the Years EndedDecember 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| NET SALES(a) | $1,628.1 | $1,562.1 | $1,438.8 |
| Cost of sales | 1,195.4 | 1,202.9 | 1,089.5 |
| GROSS MARGIN | 432.7 | 359.2 | 349.3 |
| OPERATING EXPENSES AND INCOME | |||
| Selling, general and administrative expenses | 174.7 | 139.7 | 126.2 |
| Research, development and engineering expenses | 42.5 | 38.6 | 42.0 |
| Equity, royalty and interest income from investees | 33.6 | 28.0 | 32.4 |
| Other operating expense, net | 0.7 | 5.0 | — |
| OPERATING INCOME | 248.4 | 203.9 | 213.5 |
| Interest expense | 25.8 | 0.7 | 0.8 |
| Other income, net | 3.8 | 8.8 | 3.9 |
| INCOME BEFORE INCOME TAXES | 226.4 | 212.0 | 216.6 |
| Income tax expense | 55.1 | 41.6 | 46.5 |
| NET INCOME | $171.3 | $170.4 | $170.1 |
| PER SHARE DATA: | |||
| Weighted-average shares for basic EPS | 83.3 | 83.3 | 83.3 |
| Weighted-average shares for diluted EPS | 83.4 | 83.3 | 83.3 |
| Basic earnings per share | $2.06 | $2.05 | $2.04 |
| Diluted earnings per share | $2.05 | $2.05 | $2.04 |
(a)Includes sales to related parties of $390.8 million, $344.9 million and $328.6 million for the years ended December 31, 2023, 2022 and 2021, respectively.
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