Company: MATV
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001000623-25-000024
Chunk: 11

Company: Mativ Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 11
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 benefit of $4.9 million and $4.7 million at March 31, 2025 and December 31, 2024, respectively$(20.5)$(20.7)Accumulated unrealized gain on derivative instruments, net of income tax expense of $10.2 million and $10.2 million at March 31, 2025 and December 31, 2024, respectively13.0 19.9 Accumulated unrealized foreign currency translation adjustments, net of income tax benefit of $14.8 million and $14.6 million at March 31, 2025 and December 31, 2024, respectively18.7 13.9 Accumulated other comprehensive income, net of tax$11.2 $13.1 

12

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

Changes in the components of Accumulated other comprehensive income, net of tax, were as follows (in millions):

Three Months Ended March 31,20252024Pre-taxTaxNet ofTaxPre-taxTaxNet ofTaxPension and OPEB liability adjustments$— $0.2 $0.2 $0.4 $— $0.4 Derivative instrument adjustments(6.9)— (6.9)3.9 (1.6)2.3 Unrealized foreign currency translation adjustments4.6 0.2 4.8 (9.0)(0.2)(9.2)Total$(2.3)$0.4 $(1.9)$(4.7)$(1.8)$(6.5)

Note 4. Net Loss Per Share

The Company uses the two-class method to calculate Net loss per share. The Company has granted restricted stock that contains non-forfeitable rights to dividends on unvested shares. Since these unvested shares are considered participating securities under the two-class method, the Company allocates loss per share to common stock and participating securities according to dividends declared and participation rights in undistributed earnings. Diluted net loss per common share is computed based on Net loss divided by the weighted average number of common and potential common shares outstanding. Potential common shares during the respective periods are those related to dilutive stock-based compensation, including long-term stock-based incentive compensation and directors’ accumulated deferred stock