Company: MATV
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001000623-25-000009
Chunk: 96

Company: Mativ Holdings, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 96
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Item 8.  Financial Statements and Supplementary Data

Index to Consolidated Financial Statements

PageConsolidated Financial StatementsConsolidated Statements of Income (Loss) for the years ended December 31, 2024, 2023 and 202253Consolidated Statements of Comprehensive Income (Loss) for the years ended December 31, 2024, 2023 and 202254Consolidated Balance Sheets as of December 31, 2024 and 202355Consolidated Statements of Changes in Stockholders' Equity for the years ended December 31, 2024, 2023 and 202256Consolidated Statements of Cash Flows for the years ended December 31, 2024, 2023 and 202257Notes to Consolidated Financial Statements59Reports of Independent Registered Public Accounting Firm (PCAOB ID No. 34)105

Schedules have been omitted because they are either not required, not applicable or the required information is included in the consolidated financial statements or notes thereto.

52

MATIV HOLDINGS, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF INCOME (LOSS)(in millions, except per share amounts)

Years Ended December 31,202420232022Net sales$1,981.1 $2,026.0 $1,636.9 Cost of products sold1,617.0 1,670.2 1,330.9 Gross profit364.1 355.8 306.0 Selling and general expense233.8 263.9 254.9 Research and development expense23.0 21.2 18.8 Intangible asset amortization expense62.9 61.0 53.4 Total nonmanufacturing expenses319.7 346.1 327.1 Goodwill impairment expense— 401.0 — Restructuring and other impairment expense38.1 22.6 19.1 Operating profit (loss)6.3 (413.9)(40.2)Interest expense74.7 62.2 57.3 Loss on debt extinguishment7.3 — — Other income (expense), net(3.2)(4.8)1.0 Loss from continuing operations before income taxes(78.9)(480.9)(96.5)Income tax expense (benefit)(30.2)26