Company: MATV
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001000623-25-000024
Chunk: 12

Company: Mativ Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 12
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 compensation, which may be received by the directors in the form of stock or cash. A reconciliation of the average number of common and potential common shares outstanding used in the calculations of basic and diluted net loss per share follows (in millions, shares in thousands):Three Months EndedMarch 31,20252024Numerator (basic and diluted):Net loss$(425.5)$(28.0)Less: Dividends to participating securities(0.2)— Net loss attributable to Common Stockholders$(425.7)$(28.0)Denominator:Average number of common shares outstanding54,447.2 54,267.9 Effect of dilutive stock-based compensation(1)— — Average number of common and potential common shares outstanding54,447.2 54,267.9 

(1) Diluted loss per share excludes an immaterial amount of weighted average potential common shares for the three months ended March 31, 2025 and 2024 as their inclusion would be anti-dilutive. 

13

MATIV HOLDINGS, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited)

Note 5. Inventories, Net

 Inventories, net are valued at the lower of cost (using the first-in, first-out and weighted average methods) or net realizable value. The Company's costs included in inventory primarily include resins, pulp, chemicals, direct labor, utilities, maintenance, depreciation, finishing supplies and an allocation of certain overhead costs. Machine start-up costs or unplanned machine shutdowns are expensed in the period incurred and are not reflected in inventory. The Company reviews inventories at least quarterly to determine the necessity of write-offs for excess, obsolete or unsalable inventory. The Company estimates write-offs for inventory obsolescence and shrinkage based on its judgment of future realization. These reviews require the Company to assess customer and market demand. There were no material inventory write-offs during the three months ended March 31, 2025 and 2024. The following table summarizes inventories by major class (in millions):    March 31, 2025December 31, 2024Raw materials$130.7 $125.8 Work in process55.6 53.5 Finished goods145.9 160.7 Supplies and other13.8 15.1 Total inventories$346.0 $