Company: MATV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001000623-25-000049
Chunk: 36

Company: Mativ Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 36
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 net sales of $525.4 million during the three months ended June 30, 2025 increased $1.6 million or 0.3%, compared to the prior-year quarter. 

FAM segment net sales of $204.4 million during the three months ended June 30, 2025 decreased $2.0 million, or 1.0%, compared to the prior-year quarter. The FAM net sales decline reflected lower selling prices (an approximately 2% decrease) along with lower volume/mix (an approximately 1% decrease), partially offset by favorable currency translation (an approximately 1% increase).

SAS segment net sales of $321.0 million during the three months ended June 30, 2025 increased $3.6 million, or 1.1%, compared to the prior-year quarter, reflecting higher volume/mix (an approximately 2% increase), higher selling prices (an approximately 1% increase) and favorable currency translation (an approximately 1% increase), partially offset by sales associated with closed facilities in the prior year (an approximately 4% decrease). 

Gross Profit

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

Three Months Ended Percent ChangePercent of Net SalesJune 30, 2025June 30, 2024Change20252024Net sales$525.4 $523.8 $1.6 0.3 %100.0 %100.0 %Cost of products sold421.7 414.9 6.8 1.6 %80.3 %79.2 %Gross profit$103.7 $108.9 $(5.2)(4.8)%19.7 %20.8 %

Gross profit of $103.7 million during the three months ended June 30, 2025 decreased $5.2 million, or 4.8%, compared to the prior-year quarter. The decrease in gross profit reflected higher manufacturing and distribution costs, unfavorable relative net selling price versus input cost performance, partially offset by higher volume/mix.

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Nonmanufacturing Expenses

The following table presents nonmanufacturing expenses for the three months ended June 30, 2025 and 2024 (in millions):

 Three Months Ended Percent ChangePercent of Net SalesJune 30, 2025June 30, 202