Atmus Filtration Technologies Inc. · NYSE:ATMU
Atmus Filtration Technologies — Q1 2025 Earnings Presentation
16 slides from Atmus Filtration Technologies's earnings presentation, May 2, 2025
Slide 1: First Quarter 2025 Earnings Call
First Quarter 2025 Earnings Call May 2, 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation 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 projecti
Slide 3: Steph Disher and Jack Kienzler
Steph Disher Chief Executive Officer Jack Kienzler Chief Financial Officer | 3
Slide 4: First quarter 2025 financial highlights
First quarter 2025 Financial highlights1 $417 $20 Sales ($ millions) Adj. FCF ($ millions) 19.6% $0.63 Adj. EBITDA Margin Adj. EPS 1. For the 3 months ended March 31, 2025 GAAP net income was $45 million, diluted earnings per share was $0.54 and cash provided by operating activities was $29 million.
Slide 5: Why invest in Atmus?
Why invest in Atmus? Mission-critical products in Strong positioning predictable and and growing end brand recognition markets Technology leadership and deep industry knowledge to deliver better customer solutions Consistent and Clear attractive growth strategy financial results Partnerships with le
Slide 6: Our growth strategy
Our growth strategy 1 3 Grow share in Transform first-fit our core markets supply chain 2 4 Accelerate Expand into profitable growth industrial in the filtration markets aftermarket | 6
Slide 7: First quarter company results
First quarter company results Three months ended March 31, 2025 2024 Sales $417 $427 Gross margin $111 $112 Gross margin % 26.5% 26.2% Selling, General & Research (SAR) $55 $53 SAR % 13.2% 12.5% Joint venture / other income $10 $10 Adj. EBITDA1 $82 $80 Adj. EBITDA margin % 19.6% 18.8% Net Income $45
Slide 8: Strong balance sheet and capital return
Strong balance sheet and capital return Dividend and share repurchases continued in 2025 • $0.05 share quarterly Cash Strong Balance Sheet • Consistent long-term capital return to Dividend to Drive Growth shareholders • $147M TTM1 Adj. Free Cash Flow • $10M of share repurchases in Q1 2025 • $583M Li
Slide 9: 2025 outlook
2025 outlook Measure FY 2025 Outlook Sales ($ millions) $1,670 - $1,735 Adj. EBITDA margin%1 19.0% - 20.0% Additional Planning Assumptions Joint venture income $32 - $37 Effective tax rate 22% - 24% Adj. earnings per share1 $2.35 - $2.60 Interest expense $30 - $35 Depreciation & amortization ~$30 Ca
Slide 10: Q&A at Atmus
“@ Atmus QtA
Slide 11: Non-GAAP Financial Measures
Non-GAAP Financial Measures
Slide 12: Non-GAAP Financial Measures
Non-GAAP Financial Measures We use non-GAAP financial information and believe it is useful to investors as it provides additional information to facilitate comparisons of historical operating results, identify trends in our underlying operating results and provide additional insight and transparency
Slide 13: Non-GAAP Financial Measures
Non-GAAP Financial Measures EBITDA and Adjusted EBITDA Reconciliations EBITDA and Adjusted EBITDA Reconciliations and Net Debt ($ millions) ($ millions) For the Three Months Ended Trailing Twelve March 31, Months 2025 2024 March 31, 2025 NET INCOME $ 45 $ 46 NET INCOME $ 185 Plus: Plus: Interest exp
Slide 14: Non-GAAP Financial Measures
Non-GAAP Financial Measures Adjusted EPS Reconciliation ($ per share) For the Three Months Ended March 31, 2025 2024 Diluted earnings per share $ 0.54 $ 0.54 Plus: One-time separation costs(a) $ 0.11 $ 0.07 Less: Tax impact of one-time separation costs(a) $ 0.02 $ 0.01 Adjusted earnings per share $
Slide 15: Non-GAAP Financial Measures
Non-GAAP Financial Measures Free Cash Flow and Adjusted Free Cash Flow Reconciliations ($ millions) For the Three Months Ended Trailing Twelve March 31, Months 2025 2024 March 31, 2025 Cash provided by (used in) operating activities $ 29 $ (8) $ 142 Less: Capital expenditures $ 12 $ 11 $ 50 Free cas
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