Company: MATV
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001000623-25-000024
Chunk: 14

Company: Mativ Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 14
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 March 1, 2025.  Forecasted cash flows for SAS are primarily aligned with both growing and mature end markets, therefore it is subject to less risk than FAM. The interim impairment test for SAS utilized a discount and long-term growth rates of 10.5% and 2%, respectively. 

The Company’s ability to achieve forecasted cash flows in SAS may be negatively impacted by factors including, but not limited to, deterioration of general economic conditions, seasonal or cyclical market and industry fluctuations, adverse changes in our end-market sectors,  and the imposition of tariffs and other trade barriers. 

Note 7. Intangible Assets

The gross carrying amount and accumulated amortization for intangible assets as of March 31, 2025 consisted of the following (in millions): March 31, 2025 GrossCarryingAmountAccumulatedAmortizationNetCarryingAmountAmortized Intangible AssetsCustomer relationships$735.8 $269.2 $466.6 Acquired and developed technology91.2 50.9 40.3 Trade names48.0 10.4 37.6 Non-compete agreements2.9 2.9 — Patents1.9 1.0 0.9 Total$879.8 $334.4 $545.4 The gross carrying amount and accumulated amortization for intangible assets as of  December 31, 2024 consisted of the following (in millions):  December 31, 2024 GrossCarryingAmountAccumulatedAmortizationNetCarryingAmountAmortized Intangible AssetsCustomer relationships$726.6 $254.3 $472.3 Acquired and developed technology90.3 47.9 42.4 Trade names47.2 9.4 37.8 Non-compete agreements2.9 2.9 — Patents1.9 1.0 0.9 Total$868.9 $315.5 $553.4 

Amortization expense of intangible assets was $15.4 million and $15.8 million for the three months ended March 31, 2025 and 2024.  Intangibles are expensed using the straight-line amortization method. 

15

MATIV HOLDINGS, INC. AND SUBSIDIARIESNOTES TO CONDENSED