Company: MATV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001000623-25-000049
Chunk: 56

Company: Mativ Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 2
Chunk 56
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$392.0 $409.1 $(17.1)(4.2)%Sustainable & Adhesive Solutions618.2 614.9 3.3 0.5 %Total$1,010.2 $1,024.0 $(13.8)(1.3)%

Consolidated net sales of $1,010.2 million during the six months ended June 30, 2025 decreased $13.8 million, or 1.3%, compared to the prior year period. 

FAM segment net sales of $392.0 million during the six months ended June 30, 2025 decreased $17.1 million, or  4.2%, compared to the prior year period primarily due to lower volume/mix (an approximately 3% decrease), and lower selling prices (an approximately 2% decrease). 

SAS segment net sales of $618.2 million during the six months ended June 30, 2025 increased $3.3 million, or 0.5%, compared to the prior year period, reflecting higher volume/mix (an approximately 4% increase), higher selling prices (an approximately 1% increase), partially offset by sales associated with closed facilities in the prior year (an approximately 5% decrease).

Gross Profit

The following table presents gross profit (in millions):

 Six Months EndedJune 30, Percent ChangePercent of Net Sales20252024Change20252024Net sales$1,010.2 $1,024.0 $(13.8)(1.3)%100.0 %100.0 %Cost of products sold833.9 831.1 2.8 0.3 %82.5 %81.2 %Gross profit$176.3 $192.9 $(16.6)(8.6)%17.5 %18.8 %

Gross profit of $176.3 million during the six months ended June 30, 2025 decreased $16.6 million, or 8.6%, compared to the prior year period, reflecting higher manufacturing and distribution costs, unfavorable relative net selling price versus input cost performance, and lower volume/mix in our FAM segment, partially offset by higher volume/mix in our SAS segment. 

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Nonmanufacturing Expenses

The following table presents nonmanufacturing expenses (in millions):

 Six Months EndedJune