Company: MATV
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001000623-25-000064
Chunk: 0

Company: Mativ Holdings, Inc.
Filing Date: 2025-11-06
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 EndedSeptember 30,Nine Months EndedSeptember 30, 2025202420252024Net sales$513.7 $498.5 $1,523.9 $1,522.5 Cost of products sold414.3 404.9 1,248.2 1,236.0 Gross profit99.4 93.6 275.7 286.5 Selling and general expense53.7 54.3 174.2 181.0 Research and development expense5.6 5.7 18.6 17.5 Intangible asset amortization expense16.0 15.4 47.3 46.9 Total nonmanufacturing expenses75.3 75.4 240.1 245.4 Goodwill impairment expense— — 411.9 — Restructuring and other impairment expense8.1 11.2 18.2 37.4 Operating profit (loss)16.0 7.0 (394.5)3.7 Interest expense17.7 18.3 54.1 55.0 Other expense, net(3.9)(12.7)(4.2)(12.1)Loss before income taxes(5.6)(24.0)(452.8)(63.4)Income tax benefit, net(2.4)(3.2)(14.6)(13.2)Net loss$(3.2)$(20.8)$(438.2)$(50.2)Net loss per share:  Basic$(0.06)$(0.38)$(8.04)$(0.93)Diluted$(0.06)$(0.38)$(8.04)$(0.93)Weighted average shares outstanding:  Basic54,671,900 54,327,500 54,582,100 54,305,800 Diluted54,671,900 54,327,500 54,582,100 54,305,800 The accompanying notes are an integral part of these unaud