Company: MATV
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001000623-25-000024
Chunk: 0

Company: Mativ Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 0
---
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 EndedMarch 31, 20252024Net sales$484.8 $500.2 Cost of products sold412.2 416.2 Gross profit72.6 84.0 Selling and general expense63.3 61.6 Research and development expense6.3 6.0 Intangible asset amortization expense15.4 15.8 Total nonmanufacturing expenses85.0 83.4 Goodwill impairment expense411.9 — Restructuring and other impairment expense6.3 14.4 Operating loss(430.6)(13.8)Interest expense17.8 18.3 Other income (expense), net(1.8)1.7 Loss before income taxes(450.2)(30.4)Income tax benefit, net(24.7)(2.4)Net loss$(425.5)$(28.0)Net loss per share:Basic$(7.82)$(0.52)Diluted$(7.82)$(0.52)Weighted average shares outstanding:Basic54,447,200 54,267,900 Diluted54,447,200 54,267,900 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

2

MATIV HOLDINGS, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)(in millions)(Unaudited)

 Three Months EndedMarch 31, 20252024Net loss$(425.5)$(28.0)Other comprehensive income (loss), net of tax:Foreign currency translation adjustments4.8 (9.2)Unrealized gain (loss) on derivative instruments(6.9)2.3 Net gain (loss) from postretirement benefit plans0.2 0.4 Other comprehensive loss(1.9)(6.5)Comprehensive loss$(427.4)$(34.5)

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

3

MATIV HOLDINGS, INC. AND SUBSIDI