Company: MATV
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001000623-25-000024
Chunk: 28

Company: Mativ Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 28
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 Officer. The CODM considers operating profit when making resource allocation decisions for each segment.Segment ResultsThe CODM primarily evaluates segment performance and allocates resources based on Operating profit (loss). General corporate expenses that do not directly support the operations of the business segments are unallocated expenses. Assets are managed on a total company basis and are therefore not disclosed at the segment level.

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

Net sales, costs of products sold, nonmanufacturing expense, restructuring and impairment expense, and operating profit (loss) by segments were (in millions): Three Months EndedMarch 31, 20252024Net SalesFAM$187.6 $202.7 SAS297.2 297.5 Consolidated$484.8 $500.2 Cost of products soldFAM$155.5 $160.2 SAS256.7 256.0 Consolidated$412.2 $416.2 Total nonmanufacturing expenseFAM$24.2 $24.7 SAS27.2 29.1 Total segments51.4 53.8 Unallocated33.6 29.6 Consolidated$85.0 $83.4 Restructuring and impairmentFAM$417.9 $3.2 SAS0.3 8.2 Total segments418.2 11.4 Unallocated— 3.0 Consolidated$418.2 $14.4 Operating profit (loss)FAM$(410.0)$14.6 SAS13.0 4.2 Total segments(397.0)18.8 Unallocated(33.6)(32.6)Consolidated$(430.6)$(13.8)

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Item 2.   Management's Discussion and Analysis of Financial Condition and Results of Operations

The following is a discussion of our financial condition and results of operations. This discussion should be read in conjunction with our unaudited condensed consolidated financial statements and related notes included elsewhere in this report and the audited consolidated financial statements and related notes and the selected financial data included in our Annual Report on Form 10-K for the year ended December 31, 2024. The discussion of our financial condition and results of operations