Company: MATV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001000623-25-000049
Chunk: 0

Company: Mativ Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 0
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PART I - FINANCIAL INFORMATIONItem 1. Financial StatementsMATIV HOLDINGS, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)(in millions, except per share amounts)(Unaudited)

 Three Months EndedJune 30,Six Months EndedJune 30, 2025202420252024Net sales$525.4 $523.8 $1,010.2 $1,024.0 Cost of products sold421.7 414.9 833.9 831.1 Gross profit103.7 108.9 176.3 192.9 Selling and general expense57.2 65.1 120.5 126.7 Research and development expense6.7 5.8 13.0 11.8 Intangible asset amortization expense15.9 15.7 31.3 31.5 Total nonmanufacturing expenses79.8 86.6 164.8 170.0 Goodwill impairment expense— — 411.9 — Restructuring and other impairment expense3.8 11.8 10.1 26.2 Operating profit (loss)20.1 10.5 (410.5)(3.3)Interest expense18.6 18.4 36.4 36.7 Other income (expense), net1.5 (1.1)(0.3)0.6 Income (loss) before income taxes3.0 (9.0)(447.2)(39.4)Income tax expense (benefit), net12.5 (7.6)(12.2)(10.0)Net loss$(9.5)$(1.4)$(435.0)$(29.4)Net loss per share:  Basic$(0.18)$(0.03)$(7.98)$(0.54)Diluted$(0.18)$(0.03)$(7.98)$(0.54)Weighted average shares outstanding:  Basic54,624,900 54,321,800 54,536,500 54,294,800 Diluted54,624,900 54,321,800 54,536,500 54,294,800 The accompanying notes are an integral part