Company: MATV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001000623-25-000049
Chunk: 54

Company: Mativ Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 2
Chunk 54
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2025 and 2024 (in millions):

Three Months EndedPercent of Net SalesJune 30, 2025June 30, 2024Change20252024Filtration & Advanced Materials$2.2 $1.3 $0.9 1.1 %0.6 %Sustainable & Adhesive Solutions0.2 10.2 (10.0)0.1 %3.2 %Unallocated expenses1.4 0.3 1.1 Total$3.8 $11.8 $(8.0)0.7 %2.3 %

The Company incurred total restructuring and other impairment expense of $3.8 million and $11.8 million in the three months ended June 30, 2025 and 2024, respectively. 

Restructuring and other impairment expenses in the FAM segment for the three months ended June 30, 2025 and 2024 consisted of severance charges along with costs associated with facility closures announced in prior years.

Restructuring and other impairment expenses in the SAS segment for the three months ended June 30, 2025 consisted of severance charges. Restructuring and other impairment expenses for the three months ended June 30, 2024 included severance charges, along with costs associated with facility closures announced in prior years. 

Operating Profit (Loss)

The following table presents operating profit (loss) by segment for the three months ended June 30, 2025 and 2024 (in millions):

 Three Months EndedPercent ChangeReturn on Net SalesJune 30, 2025June 30, 2024Change20252024Filtration & Advanced Materials$22.6 $25.2 $(2.6)(10.3)%11.1 %12.2 %Sustainable & Adhesive Solutions24.8 15.6 9.2 59.0 %7.7 %4.9 %Unallocated expenses(27.3)(30.3)3.0 (9.9)%  Total$20.1 $10.5 $9.6 91.4 %3.8 %2.0 %

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Operating profit of $20.1 million during the three months ended June 30, 2025, increased $9.6 million, compared to the prior year period.

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