Company: MATV
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001000623-25-000024
Chunk: 8

Company: Mativ Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 8
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 and contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed. As a practical expedient, the Company treats shipping and handling activities that occur after control of the good transfers as fulfillment activities, and therefore, does not account for shipping and handling costs as a separate performance obligation.Net sales are attributed to the following geographic locations of the Company’s direct customers (in millions):

Three Months Ended March 31,20252024FAMSASTotalFAMSASTotalUnited States$102.6 $172.6 $275.2 $108.9 $159.4 $268.3 Europe 46.5 79.3 125.8 54.0 87.1 141.1 Asia-Pacific27.4 20.1 47.5 32.1 20.9 53.0 Americas (excluding U.S.)6.5 17.3 23.8 5.2 22.3 27.5 Other foreign countries4.6 7.9 12.5 2.5 7.8 10.3 Net sales$187.6 $297.2 $484.8 $202.7 $297.5 $500.2 Net sales as a percentage by product category for the business were as follows:Three Months EndedMarch 31,20252024Filtration & netting25 %26 %Advanced films14 %15 %Tapes, labels & liners29 %30 %Paper & packaging16 %16 %Healthcare & other16 %13 %   Net sales 100 %100 %FAM is focused primarily on filtration media and components, advanced films, coating and converting solutions, and extruded mesh products. The FAM segment supplies customers directly, serving a diverse set of generally high-growth end markets. Filtration & netting – includes high efficiency filtration media and components used in transportation applications, water filtration, industrial processes, life science, HVAC, and air pollution control, as well as extruded mesh products used in agriculture, and various packaging applications.Advanced films – includes paint protection films used in the transportation aftermarket channel, optical films for glass and glazing applications, interlayer films and lamination for ballistic resistance, medical films and composites for advanced wound care and consumer products, security glass, high-performance graphic substrates,