Company: MATV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001000623-25-000049
Chunk: 35

Company: Mativ Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 35
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June 30,Percent of Net Sales(in millions, except per share amounts)20252024202520242025202420252024Net sales$525.4 $523.8 100.0 %100.0 %$1,010.2 $1,024.0 100.0 %100.0 %Gross profit$103.7 $108.9 19.7 %20.8 %$176.3 $192.9 17.5 %18.8 %Restructuring & other impairment expense$3.8 $11.8 0.7 %2.3 %$10.1 $26.2 1.0 %2.6 %Operating profit (loss)$20.1 $10.5 3.8 %2.0 %$(410.5)$(3.3)(40.6)%(0.3)%Interest expense$18.6 $18.4 3.5 %3.5 %$36.4 $36.7 3.6 %3.6 %Net loss$(9.5)$(1.4)(1.8)%(0.3)%$(435.0)$(29.4)(43.1)%(2.9)%Diluted loss per share$(0.18)$(0.03) $(7.98)$(0.54)Cash provided by operations$57.6 $46.1  $41.7 $33.1 Capital spending$8.7 $8.7  $22.6 $20.8 

30

RESULTS OF OPERATIONS

Comparison of the Three Months Ended June 30, 2025 and 2024

Net Sales

The following table presents net sales by segment for the three months ended June 30, 2025 and 2024 (in millions):

Three Months EndedJune 30, 2025June 30, 2024ChangePercent ChangeFiltration & Advanced Materials$204.4 $206.4 $(2.0)(1.0)%Sustainable & Adhesive Solutions321.0 317.4 3.6 1.1 %Total$525.4 $523.8 $1.6 0.3 %

Consolidated