Company: MATV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001000623-25-000049
Chunk: 52

Company: Mativ Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 2
Chunk 52
---
.7 3.6 %3.6 %Net loss$(9.5)$(1.4)(1.8)%(0.3)%$(435.0)$(29.4)(43.1)%(2.9)%Diluted loss per share$(0.18)$(0.03) $(7.98)$(0.54)Cash provided by operations$57.6 $46.1  $41.7 $33.1 Capital spending$8.7 $8.7  $22.6 $20.8 

30

RESULTS OF OPERATIONS

Comparison of the Three Months Ended June 30, 2025 and 2024

Net Sales

The following table presents net sales by segment for the three months ended June 30, 2025 and 2024 (in millions):

Three Months EndedJune 30, 2025June 30, 2024ChangePercent ChangeFiltration & Advanced Materials$204.4 $206.4 $(2.0)(1.0)%Sustainable & Adhesive Solutions321.0 317.4 3.6 1.1 %Total$525.4 $523.8 $1.6 0.3 %

Consolidated net sales of $525.4 million during the three months ended June 30, 2025 increased $1.6 million or 0.3%, compared to the prior-year quarter. 

FAM segment net sales of $204.4 million during the three months ended June 30, 2025 decreased $2.0 million, or 1.0%, compared to the prior-year quarter. The FAM net sales decline reflected lower selling prices (an approximately 2% decrease) along with lower volume/mix (an approximately 1% decrease), partially offset by favorable currency translation (an approximately 1% increase).

SAS segment net sales of $321.0 million during the three months ended June 30, 2025 increased $3.6 million, or 1.1%, compared to the prior-year quarter, reflecting higher volume/mix (an approximately 2% increase), higher selling prices (an approximately 1% increase) and favorable currency translation (an approximately 1% increase), partially offset by sales associated with closed facilities in the prior year (an approximately 4% decrease). 

Gross Profit

The following