Company: MATV
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001000623-25-000064
Chunk: 56

Company: Mativ Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 56
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0.3 %3.4 %Unallocated expenses— 0.1 (0.1)Total$8.1 $11.2 $(3.1)1.6 %2.2 %

The Company incurred total restructuring and other impairment expense of $8.1 million and $11.2 million in the three months ended September 30, 2025 and 2024, respectively. 

Restructuring and other impairment expenses in the FAM segment for the three months ended September 30, 2025 included impairment charges of $6.0 million, along with severance and other costs associated with facility exits initiated in current and prior years. Restructuring and other impairment expenses for the three months ended September 30, 2024 consisted of severance charges, along with costs associated with facility exits initiated in prior years. 

Restructuring and other impairment expenses in the SAS segment for the three months ended September 30, 2025 consisted of severance charges. Restructuring and other impairment expenses for the three months ended September 30, 2024 included severance charges, along with costs associated with facility exits initiated in prior years. 

34

Operating Profit (Loss)

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

 Three Months EndedPercent ChangeReturn on Net SalesSeptember 30, 2025September 30, 2024Change20252024Filtration & Advanced Materials$11.4 $19.9 $(8.5)(42.7)%5.7 %10.5 %Sustainable & Adhesive Solutions28.4 10.3 18.1 N.M.9.0 %3.3 %Unallocated expenses(23.8)(23.2)(0.6)2.6 %  Total$16.0 $7.0 $9.0 N.M.3.1 %1.4 %

Operating profit of $16.0 million during the three months ended September 30, 2025, increased $9.0 million, compared to the prior year period.

In the FAM segment, operating income was $11.4 million during the three months ended September 30, 2025 decreased $8.5 million, or 42.7%, compared to the prior year period, primarily