Company: MATV
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001000623-25-000064
Chunk: 54

Company: Mativ Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 54
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.06)$(0.38) $(8.04)$(0.93)Cash provided by operations$72.8 $37.6  $114.5 $70.7 Capital spending$6.1 $12.1  $28.7 $32.9 

32

RESULTS OF OPERATIONS

Comparison of the Three Months Ended September 30, 2025 and 2024

Net Sales

The following table presents net sales by segment for the three months ended September 30, 2025 and 2024 (in millions):

Three Months EndedSeptember 30, 2025September 30, 2024ChangePercent ChangeFiltration & Advanced Materials$198.3 $189.6 $8.7 4.6 %Sustainable & Adhesive Solutions315.4 308.9 6.5 2.1 %Total$513.7 $498.5 $15.2 3.0 %

Consolidated net sales of $513.7 million during the three months ended September 30, 2025 increased $15.2 million or 3.0%, compared to the prior-year quarter. 

FAM segment net sales of $198.3 million during the three months ended September 30, 2025 increased $8.7 million, or 4.6%, compared to the prior-year quarter. The FAM net sales increase reflected higher volume/mix (an approximately 4% increase) along with favorable currency translation (an approximately 2% increase), partially offset by lower selling prices (an approximately 1% decrease).

SAS segment net sales of $315.4 million during the three months ended September 30, 2025 increased $6.5 million, or 2.1%, compared to the prior-year quarter, reflecting higher volume/mix (an approximately 3% increase), higher selling prices (an approximately 1% increase) and favorable currency translation (an approximately 1% increase), partially offset by sales associated with exited facilities in the prior year (an approximately 3% decrease). 

Gross Profit

The following table presents gross profit for the three months ended September 30, 2025 and 2024 (in millions):

Three Months Ended Percent ChangePercent of Net SalesSeptember 30, 2025September 30, 2024Change20252024Net sales$513.7 $498