Company: MATV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001000623-25-000049
Chunk: 38

Company: Mativ Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 38
---
 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 %

32

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

In the FAM segment, operating income was $22.6 million during the three months ended June 30, 2025 decreased $2.6 million, or 10.3%, compared to the prior year period, primarily due to higher manufacturing and distribution costs, unfavorable relative net selling price versus input cost performance, partially offset by favorable cost mix and lower selling and general expenses. 

In the SAS segment, operating income of $24.8 million during the three months ended June 30, 2025 increased $9.2 million, or 59.0%, compared to the prior year period, driven by lower restructuring and other impairment expenses, lower selling and general expenses, partially offset by higher manufacturing and distribution costs. 

Unallocated expenses of $27.3 million during the three months ended June 30, 2025 decreased $3.0 million, or 9.9%, compared to the prior year period primarily related to a decrease in selling and general expenses as a result of actions taken under the Plan. 

Interest Expense

Interest expense of $18.6 million during the three months ended June 30, 2025 increased $0.2 million, or 1.1%, compared to the prior year period. 

Other Income (Expense), Net

Other income was $1.5 million during the three months ended June 30, 202