Company: MATV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001000623-25-000049
Chunk: 32

Company: Mativ Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 32
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 is focused primarily on tapes, labels, liners, specialty paper, packaging and healthcare solutions. The SAS segment supplies customers through distribution and directly, serving growing and mature end markets including building and construction, DIY, product packaging, consumer & commercial papers, personal care, advanced wound care, medical device fixation and medical packaging.The accounting policies of the reportable segments are the same as those described in Note 2. Summary of Significant Accounting Policies in the notes to the consolidated financial statements in the Company's Annual Report on Form 10-K for the year ended December 31, 2024. Our Chief Operating Decision Maker ("CODM") is our President and Chief Executive Officer. The CODM considers operating profit when making resource allocation decisions for each segment.Segment ResultsThe CODM primarily evaluates segment performance and allocates resources based on Operating profit (loss). General corporate expenses that do not directly support the operations of the business segments are unallocated expenses. Assets are managed on a company-wide basis and, as such, are not disclosed at the segment level.

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

Net sales, costs of products sold, nonmanufacturing expense, restructuring and impairment expense, and operating profit (loss) by segments were (in millions): Three Months EndedJune 30,Six Months EndedJune 30, 2025202420252024Net SalesFAM$204.4 $206.4 $392.0 $409.1 SAS321.0 317.4 618.2 614.9 Consolidated$525.4 $523.8 $1,010.2 $1,024.0 Cost of products soldFAM$155.5 $153.8 $311.0 $314.0 SAS266.2 261.1 522.9 517.1 Consolidated$421.7 $414.9 $833.9 $831.1 Total nonmanufacturing expenseFAM$24.1 $26.2 $48.3 $50.9 SAS29.8 30.5 57.0 59.6 Total segments53.9 56.7 105.3 110.5 Unallocated25.9 29.9 59.5 59.5