Company: MATV
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001000623-25-000064
Chunk: 58

Company: Mativ Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 58
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 sales of $1,523.9 million during the nine months ended September 30, 2025 increased $1.4 million, or 0.1%, compared to the prior year period. 

FAM segment net sales of $590.3 million during the nine months ended September 30, 2025 decreased $8.4 million, or 1.4%, compared to the prior year period primarily due to lower volume/mix (an approximately 1% decrease), and lower selling prices (an approximately 1% decrease). 

SAS segment net sales of $933.6 million during the nine months ended September 30, 2025 increased $9.8 million, or 1.1%, compared to the prior year period, reflecting higher volume/mix (an approximately 3% increase), higher selling prices (an approximately 1% increase), partially offset by sales associated with exited facilities in the prior year (an approximately 4% decrease).

Gross Profit

The following table presents gross profit (in millions):

 Nine Months EndedSeptember 30, Percent ChangePercent of Net Sales20252024Change20252024Net sales$1,523.9 $1,522.5 $1.4 0.1 %100.0 %100.0 %Cost of products sold1,248.2 1,236.0 12.2 1.0 %81.9 %81.2 %Gross profit$275.7 $286.5 $(10.8)(3.8)%18.1 %18.8 %

Gross profit of $275.7 million during the nine months ended September 30, 2025 decreased $10.8 million, or 3.8%, compared to the prior year period, reflecting higher manufacturing and distribution costs, partially offset by higher volume/mix. 

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Nonmanufacturing Expenses

The following table presents nonmanufacturing expenses (in millions):

 Nine Months EndedSeptember 30, Percent ChangePercent of Net Sales20252024Change20252024Selling and general expense$174.2 $181.0 $(6.8)(3.8)%11.4 %11.9 %Research and development expense18.6 17.5 1.1 6.3 %1.2 %1.1 %Intangible asset amortization expense47.3 46